About

Stable Unit is a stablecoin DAO running on a stand-alone blockchain funded by an ERCO-20 compliant token on Ethereum.

History

Stable Unit is a stablecoin protocol built around inspiration from Elon Musk's "Company Formula" that aims to iterate on the previously tried stablecoin models. Stable Unit creates a stand-alone decentralized autonomous organization (DAO) with a native stablecoin asset (Stable Unit) that is initially launched as an ERC-20 compliant token on the Ethereum blockchain. This structure is motivated by the team's goal to create a censorship resistant stablecoin that can function as a less-volatile P2P electronic cash.