Competitor Analysis

As a novel product, Stable Jack is positioned between yield products and derivatives platforms.

Compared to an average yield product, Stable Jack offers a better user experience and more options, summarized as follows:

• While an average yield product only allows yield and points trading, Stable Jack also enables volatility trading.

• At an average yield product, Yield Token holders give up their principal for potential returns. However, at Stable Jack, users can maintain their principal while benefiting from leveraged yield returns.

• An average yield product only supports pairs with maturity dates, whereas, on Stable Jack, most pairs do not have a maturity date.

• Stable Jack allows third-party protocols like market makers, hedge funds, and fund managers to create Curated Pairs accessible to retail users—something not possible on an average yield product.

Stable Jack’s Volatility Token is set to revolutionize the derivatives market. Stable Jack offers several advantages over these protocols:

• Traders on an average derivatives protocol must always manage the risk of liquidation, while Volatility Token holders at Stable Jack face no liquidation risk.

• An average derivatives protocol requires traders to pay significant funding fees, which forces them into short-term positions. In contrast, Stable Jack has no funding fees, allowing users to maintain leveraged long exposure for extended periods.

• Leverage contracts at an average derivatives protocol are not tokenized, unlike Volatility Tokens at Stable Jack, which provide better capital efficiency.

• Volatility Tokens are the most cost-effective way to achieve long exposure, as traders are not required to pay funding fees.