Introducing Stable Coin Factory
We are launching Stable Coin Factory — an automated algorithmic lending collateralization platform built for stable dollar cryptocurrencies. Our goal is to become a platform that can reward users without losing TVL.
How It Works:
Whenever a user mint $SCF token using our protocol, the amount minted by USD stable coin is lent to a lending reserve (Aave), the interest generated is collected in interest reserves which are then used to do token buybacks and burns resulting in the increased value of the $SCF token.
Depending on the market condition, the lockup time and rewards are adjusted which keeps protocol in positive cash flow. Stable Coin Factory is deployed on Polygon and supports USDC and USDT as of now, but support to more coins from AAVE coming soon!
How to Mint $SCF Token:
- Open https://stablecoinfactory.com/ in your browser.
- Click on “Go to DApp” from the top-right corner.
- Log in to your wallet and allow it to connect to the “DApp”.
- Enter the amount, and click “Mint SCF.”
- Choose the coin “USDC” or “USDT” and confirm the transaction.
- Once done, the transaction will appear in your wallet.
We have big announcements coming very soon so follow us here on Medium to stay tuned.
Whether you have a question to ask regarding the project, or anything else, our team is ready to answer all your questions. Please feel free to connect with us on our Telegram Community.
