YFI Founder Plans to Launch STABLE, a New Stable Coin Based on Keep3r

It’s official, on June 8, Andre Cronje (AC), founder of the DeFi community YFI, made a proposal to develop a Keep3r-based stablecoin project with the token name STABLE to improve Keep3r price volatility and lack of liquidity, among other issues. Future JobCredits will be minted and destroyed using STABLE instead of KP3R. The proposal is to provide a long-term sustainability plan for the Keep3r protocol and enable the emergence of new possible markets within the Keep3r ecosystem. The new token economy has KP3R as the value accrual token in the protocol and STABLE as the job token in the ecosystem.

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