About

This website allows you to:

borrow (issue) discount stablecoins by locking your GBYTEs as collateral;
repay the loans and release the collateral;
exchange stablecoins for GBYTE and vice versa at a fixed exchange rate after expiry;
participate in auctions for undercollateralized loans of other users;
define a new stablecoin pegged to an asset/index of your choice. It becomes available to all users.

Every stablecoin has two distinct periods in its lifetime: before expiry and after expiry.

After expiry, every stablecoin has guaranteed liquidity vs GBYTE, exactly at the exchange rate of the benchmark asset/index registered on the expiry date. This is what makes it pegged to the price of the asset/index it is tracking.
Before the expiry date, stablecoins are freely traded between users (e.g. on ODEX decentralized exchange), and each stablecoin is expected to trade with discount relative to its benchmark asset/index. As it gets closer to the expiry, the discount decreases, therefore stablecoins appreciate. Buying a stablecoin early (with larger discount) and selling later (with smaller discount) allows to earn interest.