Platform tokens are a key innovation of the DeFi ecosystem and have powered much of its growth. The flexibility of their tokenomics models has enabled protocols to use platform tokens for a huge number of purposes, such as creating liquidity (Curve), incentivizing usage (Sushi), providing insurance (Maker), and of course, decentralized protocol governance. YBX is YieldBlox’s platform token. Its tokenomics model enables it to act as tokenized growth and become the first productive asset on Stellar! It bootstraps the growth of YieldBlox and the greater Stellar ecosystem, all while accruing value from their development.

For those who are unfamiliar, YieldBlox…


Details on the airdrop of YBX, YieldBlox’s platform token!

Update #1 (9/20/21)

We’ve received an incredible amount of interest in the YBX airdrop which is amazing! However, due to this interest we’ve had to change the rules slightly to ensure the airdrop is fair for our community and manageable for us.

Change to the community airdrop:

If you’re in our Discord or Keybase channel you’ll already be aware of this change but we now require all community members to have been in the channel for 7 days before they can register their Stellar address for the airdrop.

Change to the beta testing airdrop:

We’re updating the rules to our beta testing airdrop slightly. We’re capping the number of beta participants at 1,000. The…


Introduction

In May of 2020, Tyler van der Hoeven wrote a proposal for an experimental Stellar ecosystem smart contract engine called TSS (Turing Signing Servers). At Script3, we had been looking into building DeFi (Decentralized Finance) protocols on Stellar for a while, so we immediately got involved with the project. Once TSS became more of a reality, we partnered with SDF and JST Capital to create Project Venus, a DeFi FX short-term forwards protocol, as a proof of concept for TSS-based DeFi protocols.

TSS Overview

TSS is a network of servers (called turrets) that store smart contracts and will build and sign transactions…


This blog post covers some of our protocol design choices that maximize YieldBlox’s capital efficiency. Capital efficiency is crucial to any DeFi protocol as it’s directly related to the value the protocol creates. In the case of lending protocols like YieldBlox, higher capital efficiency allows protocols to maximize the interest rates that lenders receive while minimizing borrowers’ interest rates.

Breaking Down Capital Efficiency in DeFi

Traditionally, capital efficiency measures how well a company utilizes assets to generate profits. Due to the liquidity of the DeFi ecosystem and the efficiency of the demand-based interest rate model, capital efficiency in DeFi is a measurement of how well a…


We want to touch on why we chose to build our DeFi protocols on Stellar. As a base network, Stellar excels in network efficiency, capital efficiency, asset flexibility, and decentralized consensus (this last point seems obvious, but we’ll expand on it more later). On top of all that, Stellar’s layer 2 TSS(Turing Signing Server) solution is pretty close to an ideal decentralized smart contract engine. Finally, we felt like Script3’s DeFi protocols would provide significant value in the Stellar Ecosystem.

Network Efficiency on Stellar

Stellar is well known as one of the most efficient blockchains in the space. Performing an operation on Stellar currently…


Stellar Seed Fund Finals

We’re proud to announce that OptionBlox/YieldBlox have made it into the finals of the Stellar Seed Fund! This means we’ll now be competing with 7 other businesses building on Stellar to receive a portion of the Seed Fund Pool.

You can view our Seed Fund Submission here: https://communityfund.stellar.org/seed-fund#/entry/1e354b3b328209c85dc1d978cb1ea527d5df60dc04d8ae794f04517bea01d852

You can engage with us and ask questions in any of our community channels:
Discord: https://discord.gg/yHZ9mwm8Qz
Keybase: https://keybase.io/team/script3

Governance Token Tokenomics

If you’ve had a chance to check out our docs pages (https://docs.optionblox.com/#/ | https://docs.yieldblox.com/#/), you’ll know that both OptionBlox and YieldBlox use a governance token governance model. Protocol users receive governance tokens for using…


DeFi on Stellar

Building DeFi(Decentralized Finance) protocols on Stellar recently became possible with the introduction of the Stellar Development Foundation’s TSS(Turing Signing Server) Protocol. We won’t delve too deeply into the TSS solution in this article. Suffice to say, it enables on-ledger Turing complete smart contracts by using Stellar’s multisig capability to allow an off-chain server network to build and sign Stellar transactions. Transactions are built and signed according to terms specified in uploaded smart contracts called txFunctions. This solution results in an incredibly flexible smart contract engine that can enable any number of applications.

YieldBlox

Script3 (the team behind OptionBlox) is excited to…

Script3

Script3 —DeFi on Stellar | https://www.script3.io/ OptionBlox: https://optionblox.com/ YieldBlox: https://www.yieldblox.com/

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