Delta-Neutral Stablecoin

With World Market, protocols can launch their own stablecoins backed by derivative positions collateralized by their native tokens. This is similar to USDe by Ethena, but fully on-chain, decentralized, and capable of being collateralized by any on-chain asset.

Protocols can mint these stablecoins to bootstrap incentives, create DEX pools for liquidity both within and outside World Market, and avoid the sell pressure typically caused by directly allocating tokens for incentives.

Moreover, these stablecoins can be used to launch new markets in World Market, enhancing their utility beyond just being a stable asset or incentive.

Join the stablecoin revolution and leverage DeFi utilities offered by World Market for even more possibilities.