General
Interact with Stark-Fi and understand Stark-Fi deeply main components
Last updated
Interact with Stark-Fi and understand Stark-Fi deeply main components
Last updated
Stark-Fi provides a seamless and decentralized way to interact with USFI, its overcollateralized native stablecoin. Users can:
by depositing collateral into the system.
for its underlying collateral at any time.
, which acts as a personalized vault to secure your collateral.
Through these core activities, Stark-Fi ensures users have a reliable, decentralized, and low-cost way to access stable liquidity on Starknet. While USFI is at the heart of the ecosystem, Stark-Fi also provides additional DeFi capabilities like trading, lending, and swapping, creating a complete financial suite for users.
Stark-Fi’s stablecoin system is built around several key functions that empower users to efficiently manage their funds in a decentralized way:
– Each user has a Trove, where they maintain their collateral and adjust their position based on market conditions.
– Users can issue USFI by depositing collateral into a Trove (a smart contract vault). This allows them to access liquidity without selling their assets, making it an efficient tool for capital management.
– Users can repay their borrowed USFI to reclaim their collateral and close their Trove when desired.
– At any time, users can redeem their USFI for the underlying collateral at face value.
– Users can deposit USFI into the Stability Pool, helping to absorb liquidations and earn rewards in return.
These features make Stark-Fi a powerful decentralized stablecoin protocol, ensuring stability, accessibility, and financial flexibility for its users.
USFI is Stark-Fi’s decentralized, overcollateralized stablecoin, designed to maintain a 1:1 peg with USD. It is minted when users deposit collateral into the system and can be redeemed at any time for its underlying assets. USFI offers trustless stability, making it a reliable medium of exchange and store of value within the Starknet ecosystem.
SFI is the governance and incentive token of Stark-Fi. It is distributed as a reward to users who contribute to the system, such as Stability Pool participants and Trove managers. SFI also plays a crucial role in maintaining the ecosystem’s efficiency by encouraging active participation and ensuring long-term sustainability.