Just finished dissecting Ferra @ferra_protocol, which relies on mechanism innovation to give LPs control. Looking back at my year-long tracking of STBL @stbl_official, I found another way of living in DeFi that’s even more “counter-mainstream.”

While others chase hype and concepts in a bear market, it instead focuses on building a solid foundation. It hasn't engaged in flashy marketing once, yet it’s progressing steadily.

I believe STBL’s stability isn’t due to luck but is firmly rooted in three core points. Let me briefly share them with you today:

First, no tricks with the underlying assets: The stablecoin USST it issues is backed entirely by compliant RWA assets from top institutions like Ondo and BlackRock. These aren’t random miscellaneous assets. It’s clear they’re paving the way for institutional entry, not just chasing quick profits. This fundamentally controls risk.

Second, the stability mechanism is solid: It features a design called the “haircut mechanism,” which, simply put, reserves a risk buffer when evaluating collateral—adding a “safety cushion” to the assets.

Additionally, the “Tri-Factor Model” isn’t rigidly fixed but adjusts based on market supply and demand:

- When supply is too high, it guides destruction.
- When supply is low, it simplifies the minting process.

Plus, with YLD burn rewards and an optimized collateral redemption process, even if USST temporarily de-pegs early on, it can quickly return to normal levels through over-collateralization. Since then, the collateral ratio has remained above 110%.

Third, Tokenomics is all about real actions: Staked TVL visibly increases, and large holders are willing to lock and hold long-term.

The fee buyback mentioned in the whitepaper isn’t just empty talk; on-chain records show actual execution.

Even after large-scale token unlocks, the token price hasn’t collapsed, demonstrating strong anti-inflation capability. The issuance of YLD NFTs is rising, and the community profit-sharing model is already operational.

Throughout 2025, STBL hasn’t chased any hype. It’s focused on mastering “how to survive and establish a foothold in a bear market.” In a market obsessed with quick profits, it’s willing to prioritize long-term trust over short-term gains. This “simple approach” is actually the most reassuring.

That’s also why I keep tracking it—because the core of DeFi is ultimately reliable, not flashy. #STBL #Bear Market Survival Rules #RWA Stablecoin