Build for DEFI, built on DEFI! Collateral deployed in liquidity pools onchain: Decentralised profitble peg management = sustainable liquidity incentives
Joined September 2024
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It’s finally time for DeFi to have its own native stablecoin
Many have tried before — the holy grail was never found — and USDT and USDC revenue flows off-chain
ION changes that
👇Read our latest publication 👇
Beyond USDT dominance, ION medium.com/axion-money/beyon…
Axion —the DEFI-native stablecoin protocol link.medium.com/NkwqzxGkFQb
📣 The Axion team is excited to have been acknowledged as one of the most provenly secure stablecoins to date by @sherlockdefi
Check out the security audit report in their post: xitter.cf/sherlockdefi/status/18…
Both teams found the collaboration fruitful
@AxionMoney 🤝 @sherlockdefi
📣 Sherlock is excited to announce the smart contract security assessment is complete for Axion @AxionMoney stablecoin protocol.
“Sherlock auditors did exhaustive work, ensuring Axion's AMO is fully compatible with all existing DEX technologies and that ION will be a truly secure DeFi native stablecoin.”
Check out the full report here: github.com/sherlock-protocol…
We at Sherlock are proud to have contributed to validating Axion’s ambitious goal of decentralized peg management, making Axion one of the most secure stablecoins to date.
Both teams are looking forward to more fruitful collaborations!
@AxionMoney 🤝 @sherlockdefi
5/9 Simple is secure because
The stable is minted and redeemed "through the pool" in which the collateral is placed — contrary to many stable protocols where collateral was mis-used,
Axion admins have no control on the collateral. This is as secure as can be
8/9 More liquidity
We are improving our AMO contract to be able to use any staked stable as collateral — and help the most promising stable protocols on Ethereum to expand to other chains
Axion will bring new streams of liquidity to Dexes (sDai, sUSDe,..)
9/9 Join us!
• Twitter: x.com/axionmoney
• Website: axion.money
• Docs: medium.com/axion-money
• Discord: TBA
• Github: github.com/orgs/AXION-MONEY
4/9 Simple is powerful because
- The backing produces yield for the protocol ( and DeFi yields are greater than TBills yields )
- Axion co-farms the pool so any incentive we throw in can be partly recycled — incentives last longer and are more sustainable
3/9 Here is how it works under the hood 👇
Big picture — a simple idea and super-robust contract
The AMO ( automated market operations ) puts the backing at use in the pools that also guarantee the repeg