Overview
Stabilis builds decentralized stablecoins on Radix. The protocol operates two stablecoin products:
$STAB — Algorithmic CDP
- Deposit XRD as collateral (150% minimum ratio) to mint $STAB
- Dynamic interest rates — -33.33% to +50% annually (fully algorithmic, no manual governance)
- Two-phase liquidation — 15% penalty (10% liquidators, 5% protocol)
- Flash loans, forced minting, dedicated XRD/STAB AMM pool
Flux — Precise $1 Peg
Flux is Stabilis' newer stablecoin targeting a precise $1 peg, inspired by Liquity V2. Unlike $STAB's algorithmic rates, Flux uses user-set interest rates via a decentralized mechanism — borrowers choose their own rate, with market dynamics determining allocation.
Governance
Governed by the ILIS DAO — the first fully algorithmic DAO on Radix, incorporated in the Marshall Islands on August 22, 2024. $ILIS token provides staking rewards, voting rights, and a 7-day unstaking period.