StabL becomes VariabL — First Derivatives Trading Platform on Ethereum
We are rebranding to VariabL.
Check out our brand new website for more information.
Register for the Open Alpha here before it goes live on September 12.
The team behind VariabL has come together around the same goal: bringing financial stability to decentralized applications so that they can compete with centralized applications.
Our first paper covered the need for stable tokens, our approach to creating those tokens based on derivative markets, and our vision and values.
VariabL, the first derivatives trading platform built on Ethereum, was initially introduced as a step needed to bring stable tokens to the ecosystem. After months of research and experimentation, we believe now that it can be much more than that.
Stability has always been at the center of our goal to ensure better and wider adoption of cryptocurrencies. We realized that stable tokens were only one of the assets required to enable financial stability for decentralized applications.
Stable tokens are one specific derivative product, but other derivative products are also essential to financial stability; when a business is systemically exposed to a risk (ie. the price of ether) they will often want to hedge this risk by taking an opposite exposure using derivatives (i.e. by shorting ETH). In other words, derivatives enable users to offset their exposure to any specific variable.
For these reasons we will focus our efforts on the VariabL derivatives platform that will issue our StabL Tokens.
VariabL is now the name of our derivatives trading platform built on Ethereum and also the name of the company behind it.
The next round of our Trading Challenges will be the Open Alpha, which goes live on September 12th.
The VariabL Open Alpha is a preliminary version of our derivatives trading platform. As a “test” version running on the Kovan testnet, the VariabL Open Alpha is free and operates with worthless ether located in users’ personal accounts.
By participating in our Open Alpha, you will help us test and improve our platform. You will have the opportunity to receive VariabL Contribution Tokens (“VCT”) as rewards for every participation or contribution.
You can already register for our Open Alpha here.
Make sure to subscribe to our newsletter and follow us on our social medias (Twitter,Facebook) so that you can stay up to date on our Alpha and be among the first to earn VCT. If you have any question, join us on slack! We are looking forward to meeting you.
