StableGuard 🛡️

deployed link

Program Id : GdxAqJbfzhPCvtthZ563jyd4JVbAz58FoY5bRWCb5H8k View

Overview

StableGuard is a decentralized insurance protocol built on the Solana blockchain designed to address the systemic risk of stablecoin depegging events within the DeFi ecosystem. It provides a transparent, on-chain marketplace where users can hedge against the risk of major stablecoins (initially USDT and USDC) losing their peg, while liquidity providers can underwrite this risk to earn yield.

Problem

Stablecoins like USDT and USDC are fundamental to DeFi, but the risk of them losing their $1 peg can cause significant disruption and financial loss. Accessible, transparent, and dedicated on-chain tools for hedging this specific risk are currently limited.

Solution (MVP)

StableGuard offers fixed-term (e.g., 7-day) insurance policies against stablecoin depegs.

• Buyers: Purchase protection by paying a premium (USDC).
• Underwriters: Deposit collateral (USDC) into a shared pool to back policies and earn premiums.
• Trigger: A depeg event is defined by the stablecoin's price feed (via Pyth Network) falling below a predefined threshold (e.g., $0.985) at the exact policy expiry.
• Payout: If triggered, a fixed percentage (e.g., 10% binary payout) of the insured value is automatically paid out to the buyer in USDC from the collateral pool.

Key Features (MVP)

• Insurance purchase for USDT & USDC on Solana.
• Collateral provision for underwriting.
• Fixed 7-day policy terms.
• Clear, objective depeg trigger using Pyth Network oracles.
• Automated, binary payout mechanism.
• Peer-to-Pool model for aggregated liquidity.

Technology Stack

• Blockchain: Solana
• Smart Contracts: Anchor Framework
• Oracle: Pyth Network
• Frontend: Next.js (TBD)
• Tokens: SPL Tokens (USDC for premiums/collateral/payouts)

Progress:-

• Smartcontract ✅
• Testing ✅
• Frontend 🏗️

For more Technical analysis vist Stableguard Blog:- Stableguard_notion

MVP Enhancement & Core Stability

• Focus: Refine existing MVP.
• Key Features:
  • Frontend improvements (UI/UX, basic analytics).
  • Additional testing and security hardening of existing contracts.
  • Begin research into dynamic premium models.

Phase 1: Expanding Core Offerings

• Focus: Introduce more flexibility and attract more users.
• Key Features:
  • Implement dynamic premiums (first iteration).
  • Offer variable policy terms.
  • Add support for 1-2 new, carefully vetted stablecoins.
  • Develop and launch an API for basic integrations.

Phase 2: Advanced Features & Ecosystem Growth

• Focus: Sophistication, composability, and decentralization.
• Key Features:
  • Explore tiered payout structures.
  • Develop initial DAO framework and governance token (if decided).
  • Research and potentially implement layered risk tranches for underwriters.
  • Begin exploring secondary markets for policies.

Phase 3: Long-Term Vision & Sustainability

• Focus: Becoming a foundational piece of DeFi risk management.
• Key Features:
  • Full DAO governance.
  • Cross-chain considerations.
  • Reinsurance mechanisms.
  • Continuous innovation based on market needs.