goStables is a fully-decentralized stablecoin protocol on the Tron Network. You can use this to mint, trade and earn from, a variety of stablecoins called gStables, which are pegged to their real world market prices. gStables are over-collateralised with USDD, the official decentralized stablecoin settlement layer on Tron blockchain, which was initiated by the TronDAO Reserve in 2022.
Currently, you can use the goStables Protocol to access a variety of gStables of Caribbean currencies. In the future, more regions will be added.
The protocol has 3 core features for users:
- Swap - Users can swap USDD to mint a variety of gStables - gXCD, gTTD, gBBD, gJMD with more options in the future. Swap them back at anytime to USDD at real world market rates. The latter action burns the gStable.
- Vaults - When users stake USDD to a Vault, their deposit is sent to JustLend's USDD market. Yields generated there are transferred to the Swap to increase a gStable's over-collateralization over time, increasing redemption stability during real world market fluctuations. In return for supporting the health of the protocol, Vault users earn rewards - a share up to 80% of the protocol's swap fees.
- Wallet - Users can view their gStable and Vault balances as well as claim gStable Vault rewards monthly.
After the TronLink installation and setup, ensure that you have enough TRX or Energy + Bandwidth in your account to cover your transactions on Tron Network.
For playing around on Tron's Nile Testnet you can:
Then you can follow this video guide: