StableCoin Collateral Management

Stablecoins are commonly considered by retail investors as interchangeable, as they typically offer low volatility and a peg to the value of a fiat currency like the US dollar.

Mirai protocol will offer Stablecoin Collateral Management, which allows users to deposit any stablecoin, for example, USDC, USDT or DAI and trade it for another stablecoin if the APR or annual percentage rate is higher on that stablecoin. This will give users the ability to optimize their yield and maximize the return on their investments by automatically swapping stablecoins with higher APRs. This functionality allows the user to get the most out of their investments without necessarily having to keep track of the different APRs of each stablecoin and also reduces the risk of impermanent loss.

Please consider that, while stablecoin collateral management is a powerful tool to increase yield, it also comes with added risks, as it introduces an additional layer of complexity to the investment strategy and exposes the investor to the volatility of different stablecoins.