Volatility Token (VT) is a token that offers variable leverage exposure to the collateral asset without liquidation risk. It mirrors the price volatility of the collateral asset similar to leveraged contracts, but without funding fees or liquidation risk.

The main features of the Volatility Token can be summarized as:

•  - The Volatility Token enables users to have leveraged long exposure to collateral assets without the risk of liquidation so that users are not affected by sudden price spikes or market volatility.


•  - The Volatility Token offers the cheapest way to achieve long exposure to any asset.


•  - Being tokenized, it can also be used as collateral in DeFi protocols.


•  - Volatility Token holders can outperform the returns of the underlying collateral asset, which is a primary goal for most asset managers.


•  - Volatility Token holders don’t pay any funding fees.

Note: Every collateral asset will have a unique Volatility Token.

Note: Volatility Token will also be used in Yield Trade pairs, in that case, instead of having leveraged exposure to collateral without liquidation risk, Volatility Token will get exposed to leveraged yield from the collateral asset.

Yield Token (YT) is a yield-bearing asset that accrues the yield from the collateral asset.

The main features of the Yield Token can be summarized as:

•  - The Yield Token offers both fixed and variable yield options depending on the collateral.


•  - The Yield Token is a yield-bearing asset expected to generate above-market returns.


•  - It can be used as collateral in DeFi protocols, enabling the possibility of looping the yield.


•  - Principal protection - Unlike other yield products, Yield Token holders retain their principal while earning yield.

Note: Every collateral asset will have a unique Yield Token.

Note: For "yield trade" products, Yield Tokens are subject to cycle rollover, which defines the fixed yield for a certain period. The timeline for the fixed yield is determined with the partner protocol and it will be updated every cycle rollover.

Points Token (PT) is a token that enables investors to farm the points/airdrop of their favorite program with leverage. In addition to farming the airdrop with leverage, Points Token offers principal protection.

The main features of Points Token can be summarized as:

•  - Points Tokens enable leveraged airdrop farming.


•  - Points Tokens are principal protected assets so they are the safest way to farm the airdrops.


•  - Points Tokens can be used as collateral, enabling more leverage.


•  - Points Token holders can maintain a long position on the collateral asset while also farming the airdrop with leverage.

Note: Every collateral asset will have a unique Points Token.

Note: Point Tokens are subject to maturity dates that are based on the partner protocol’s points distribution program.

LP Token enables investors to farm boosted yield, and points while maintaining long exposure to the collateral asset. LP Tokens don’t incur impermanent losses.

Stable Jack’s value proposition is to strip the collateral asset into two separate tokens so that we can offer different products to different investor profiles who have diverse risk appetite.

Thanks to this mechanism, YT holders give up on the price action/volatility of the collateral, thus, it is directed to VT holders. Since VT is not a leveraged contract but a token, it can’t be liquidated while having a leveraged exposure.

Volatility Token (VT) holders who opted for leveraged yield returns pay a certain amount to Points Token (YT) holders. This ensures that irrelevant of the market conditions, YT holders earn a fixed yield. The fixed yield is subject to change in each cycle.

Stable Jack’s value proposition is to strip the yield, volatility, or points of the collateral asset into two separate tokens to offer different products to investors with different risk profiles.

By exchanging the yield, volatility, or points of an asset, Stable Jack enables leveraged yield returns on any asset.

The risks can be summarized as:

•  - Smart contract risks


•  - Collateral risks


•  - Liquidity risks of collateral assets