Products
Ions’ transparent on-chain reserves guarantee a permissionless repegging
While generating profit for both users and partner Dexes
AX, the governance token, accrues protocol fees
Our all-weather burn mechanism is designed to benefit token holders
Vision
Transparency
The entire backing collateral is transparently available onchain, in the very pool that guarantees the peg. No doubt can arise concerning the true backing of ION.
Fit for DeFi
The interests of AXION, DeFi farmers, and DEXs are aligned, because all share ownership of AMO pools
Users are incentivized — we use our voting power (veNFT) and can also incentivise the pools since we co-own them
Value generation for DEXs occurs as users can only get ION by trading on their platforms
Incentives that last longer: incentives thrown to AMO pools can be recycled — they are not short-lived like in typical outside liquidity renting.
Security
Security is our first priority and guaranteed by the structure of the protocol
Collateral is available on-chain in the AMO contract, providing transparency and eliminating the rug pull risk that has doomed so many Defi stablecoins.
A public repeg function is included, allowing anyone to repeg the stablecoin.
Smart contract design includes forced checks to prevent errors in new implementations.
Decentralized peg management
On-chain reserves can be triggered by anyone when backing pools are unbalanced! This is just how robust a peg management can get.
DeFi superconductor: explore 1ON
An algo-stable you can trust
Provable on-chain reserves
decentralised peg management
Partners
partnering with the best ( TBA )
Learn
A value-creation/destruction theorem and its implications
This article proves that the standard procycical tokenomics extracts wealth out of protocols and leads to their demise.
Beyond USDT dominance: incentivised stable coins
How long will the dominance of unincentivised USDC and USDT last? Some stablecoins invest their backing and use proceeds to incentivise their use. Farming the collateral, however, can generate greater returns than TBills.
Axion —the DEFI-native stablecoin protocol
The ION stablecoin:
- is unruggable
- is transparently collateralized on-chain
- guarantees permissionless profitable re-pegging
- distributes fees to partner DEXes and traders
FAQ
This stablecoin aims to provide a secure, sustainable yield. We will leverage our existing veNFT to kickstart the pools, and our voting and bribing power will grow with the circulating supply of $I. Users benefit from proven ability to redeem, increased security and superior stable returns. It is designed to grow in time and incentivise onchain trading: #MakeDefiGreatAgain
Protocol revenue is generated by on-chain farming of collateral, delivering returns above the standard 3%-5% LST/Tbill returns. This greater returns means greater ability to incentivise usage — LPing with $I is more incentivised than LPing with standard stables, so it generates greater APR for users.
Stability is maintained through an automated re-pegging operation that always benefits the protocol. The protocol earns fees when price changes, turning volatility into a profit opportunity. The collateral backing is pooled on-chain, guaranteeing seamless rebalancing even in volatile markets.Because we limit the number of eternal attack vectors (oracles, team/external actions, bridged or offchain collateral), and because repeg is profitable, there is little FUD can do about this stable. Sales do not trigger long-lasting de/re-pegs, so the classic stable-crash cannot happen.
The stablecoin peg is maintained directly within the reference pool. For example, in a Uniswap v2 pool, if the pool becomes unbalanced, we take action to rebalance it, so repeging the stable involves price arbitrage.This method has significant advantages for both our protocol and partner DEXs:
- Guaranteed Re-pegging: The collateral remains in the pool, ensuring re-pegging operations are reliable and independent of external oracles or other logic.
- Revenue Generation: Collateral is productive, often yielding higher returns than alternatives like LST (5%) or off-chain assets such as T-bills (3%), benefiting both the protocol and DEX partners.
- Security and Transparency: Tying the backing and minting processes directly to pool balances—rather than team discretion or external oracles—helps prevent common vulnerabilities, such as inappropriate minter or collateral usage.
Minter rights are exclusive to the AMO, securing them from arbitrary use:
- Buy Pressure: When there is buy pressure, creating an excess of USDC in the pool, $I stablecoins are minted and sold in exchange for USDC, which is then farmed within the same pool to generate revenue. This USDC remains paired with free-minted stablecoin, which has no backing but is not redeemable either — it will be burned in (2) if withdrawal of USDC is necessary.
- Sell Pressure: In cases of sell pressure, liquidity is removed from the pool, and USDC is used to buy back and re-peg the $I stablecoin, which is then burned. This process, which could be termed “redeeming through the pool,” is secure and efficient. It is equally transparent, secure and efficient