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Stablepoint

Unified and direct stable asset "restaking" protocol enabling decentralized applications.

Stablepoint

Created At

ETHGlobal London

Winner of

PancakeSwap - Innovation & Integration

Project Description

Stablepoint uses v4 hooks in order to provide a more powerful 'LP' token fungible between stable pools and supporting DeFi protocols. A hook mints ERC20 tokens when users deposit tokens into select stable v4 LP pools, and requires those tokens in order to enable LP withdrawals.

Providers can therefore choose to hold on to those tokens, sell them to enter into a no-maturity CDP, or stake them to enable greater access to ecosystem applications. The staking contract is designed to emulate a core enabler of restaking protocols: delegating unused staking room. By doing so, users can delegate stake to various protocols while maintaining the full balance in the staking contract and therefore are able to represent their full staked weight across all eligible applications. This is something that is also only enabled by the stability of stable concentrated liquidity pools.

In the event that users are slashed on applications, confiscated funds are made available to purchase at a fixed price, creating soft assurances and making it a better CDP product for participating LPs.

How it's Made

We utilized Scaffold-Eth, Foundry as baseline boilerplates, and the PancakeSwap v4 and Uniswap v4 repositories to integrate v4 pools and hooks. For a base layer we utilized Ethereum and Arbitrum Sepolia testnets. The core project architecture exists as a set of interconnected smart contracts, and therefore the primary complexities was ensuring functionality with the new v4 tooling.

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