Arable USD ($ARUSD) is the synthetic stablecoin pegged to US dollar and minted from Arable protocol, a DeFi synthetic multi-chain farming protocol. $ARUSD is minted on Avalanche.
Arable is a synthetic yield farming protocol that is dedicated to helping yield farmers to access multiple blockchains’ (such as Ethereum, Avalanche, Solana, or Polygon) assets and yields on a single chain.
At Arable you have access to any farm of any chain with their respective yields; in one place, without the hassle:
- Eliminate the complexity of cross-chain farming. Do all your farming deeds in one place.
- No more wrapping of assets. No more costly cross-chain bridging.
- Forget high swapping fees. Forget slippage.
- Do away with the hassle of time-consuming bridging and their associated fees. We all know how sluggish some chains can be.
- Manage all your assets in one place. There is no need to keep track of multiple assets spread over numerous chains.
How Does Arable Protocol Work?
We accomplish this feat of apparent magic by providing synthetic derivatives of native chain assets to speculators and farmers. At Arable, you do all farming and trading actions using so-called "synths".
What are synths?
Arable provides a platform for farming and trading synthetic assets (synths).
Synths pegged to either fiat currency or their equivalent native chain token. The names of the synthetic tokens are prefixed with the letters "ar" for "Arable". For example, the synthetic version of USD is called arUSD. The synth for SOL and DOT are called arSOL and arDOT, respectively.
All synths are backed by ACRE, the native token of Arable, and other assets like AVAX or USDT.
You would typically purchase arUSD at a DEX like the arUSD Tri-pool at Curve and swap for another synth, i.e. arSOL, within the Arable app to enter the Arable ecosystem. You can then yield farm on any of the provided farms or speculate on price movements of their underlying assets.
To find out more about the gritty details on synths and how they are created: Minting synths
Yield farming
Arable provides synthetic versions not only of cryptocurrencies but also synthetic farming. This makes us unique in the DeFi space.
Any synth you can buy at our DEX you can also farm. This includes synthetics of native chain tokens, LP tokens, etc...
APR rates for farms are pegged to their native chain counterpart, just like synths. You will receive the same yield and won't miss out on anything. You only gain peace of mind: Just farm and chill.
Read more about what it takes to be a successful farmer at Arable here: Farming
PLEASE NOTE that $arUSD is ALREADY listed on a DEX named Curve Finance and you can check here https://avax.curve.fi/factory/86 .
The Curve pool has more than double yesterday with a daily USD volume of $62K and a utilization rate of 33%.
