Before Getting Started
Before diving into the StableHODL web application, it's essential to follow some best practices for safe and secure interactions with DeFi apps like StableHODL. Here are some recommendations:
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Hardware Wallet: Consider using a hardware wallet for added security when interacting with DeFi platforms. Hardware wallets keep your private keys offline, minimizing the risk of theft or hacking.
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Backup Your Private Keys: Always create backups of your private keys or recovery phrases. Store them securely and offline. Test your backup by re-setting up your wallet to ensure it works.
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Beware of Phishing: Be cautious of phishing attempts. Ensure you're accessing the correct website by double-checking the URL. Do not share your private keys or recovery phrases with anyone.
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Use a Secure Connection: Make sure you're using a secure and trusted internet connection when accessing DeFi platforms. Avoid public Wi-Fi networks, which may be less secure.
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Stay Informed: Keep yourself updated on the latest security practices and news related to DeFi. Join relevant online communities or forums to learn from others' experiences.
Initialize Loan
Form Inputs:
- Starting Portfolio, BTC: Enter the amount of Bitcoin you want to use as collateral for your loan. This represents your initial portfolio in terms of Bitcoin value.
Outputs and Interpretation:
StableHODL will provide you with recommended actions to set up your loan effectively. It may suggest adjusting your collateral or provide instructions for creating a loan with your specified Bitcoin amount.
Manage My Loan
Right now, this form is a work-in-progress. The form requests several manual inputs that would be directly pulled either from blockchain data or from the Zero Protocol itself.
Form Inputs:
- Current BTC Price: Input the current Bitcoin price.
- BTC Price at Last Update: Input the Bitcoin price at the last update.
- Start Date: Choose the start date for when the line of credit was first opened and the algorithmic run was started.
- Days Since Last Update: Specify how many days have passed since the last update.
- Current BTC Wallet Balance: Input the current Bitcoin balance in your wallet accompanying the loan.
- Current DLLR Wallet Balance: Input the current Sovryn Dollars (DLLR) balance in your wallet accompanying the loan.
- Current DLLR in Stability Pool: Input the current total DLLR deposited in the stability pool.
- Current BTC as Zero Collateral: Input the current total Bitcoin collateral deposited in Zero.
- Current Open Zero DLLR Loan: Input the total open loaned DLLR amount in Zero.
- Current Stability Pool Returns: Input the total returns so far accumulated in the stability pool, including liquidation gains and rewards.
Outputs and Interpretation:
StableHODL will provide you with recommendations based on your inputs. It may suggest actions like withdrawing or repaying DLLR to maintain your desired collateral ratio (CR), or adjusting your BTC collateral. The form also allows you to configure parameters relevant to the Sovryn Zero protocol.
Backtesting Simulator
Form Inputs:
- Start Date: Choose the date you want to start the simulation.
- Stop Date: Select the date you want the simulation to end.
- Stability Pool Rewards Enabled: Check this box if you want to include stability pool rewards in the simulation.
- Stability Pool Rewards (%): If rewards are enabled, specify the percentage of rewards you want to include.
- Liquidations Enabled: Enable or disable liquidations in the simulation.
- User's Stability Pool Ownership (%): If liquidations are enabled, specify your desired percentage of ownership in the stability pool.
- TCR Model Type: Choose the type of TCR (Target Collateral Ratio) model for the simulation.
- Min/Constant: Set the minimum or constant TCR value.
- Max: Set the maximum TCR value.
Outputs and Interpretation:
The backtesting simulator will provide you with the results of your simulation based on the inputs you provided. You can analyze how your loan would have performed under different conditions.
More information
By comprehensively managing users' loans and staying vigilant in the face of market fluctuations, StableHODL aims to ensure the optimal stability of users' assets within the Zero Protocol ecosystem. This diligent approach not only safeguards investments but also maximizes returns while effectively minimizing the risks of liquidation or undesirable redemptions.
If you wish to explore further details, you can refer to the following blog posts: