Blob stabilization mechanism utilizes the financial concept of diversification to minimize risk.
Blob eliminates idiosyncratic risks specific to any individual stablecoin by diversifying among a basket of the most stable and reliable stablecoins.
Only the most stable and reliable collateral has been chosen for Blob's initial basket. Read more in our White Paper about our rigorous analytical approach.
Blob always honors the price-determined peg, essentially eradicating volatility completely. Learn more about this approach and its pros and cons in our White Paper.
Blob is fully automated on-chain with smart contracts, promoting trust, reliability and a hedge against censorship.
Stakeholders reach consensus on the collateral composition of Blob's basket, Blob's stabilization peg, Flow rewards and fees, and other key decisions.
Initially, the Blob smart contract's peg target is $1USD. In the future, we envision the community choosing not to have this peg be tied to fiat. This flexibility is coded into the original Blob smart contract.
Originate Blob stablecoins to recieve rewards in Flow utility governance token!
Simply sign-in with your active Metamask account.
Our smart contract will recognize if you are holding any of the approved stablecoin assets. You have the choice to allocate any amount.
You will recieve the most stable and decentralized stablecoin Blob, as well as rewards in Flow utility governance token. Early originators of Blob get rewarded significantly more Flow tokens than late adopters.
Flow token is rewarded
for origination of Blob
Flow fee is accepted
for Blob withdrawal
10 billion Flow tokensTotal Supply
Govern Blob Stablecoin
Our experts in blockchain and crypto can answer all your questions!
Draper University Blockchain Entrepreneurship grad, Wharton Finance and Computer Science degrees; High-caliber experience on Wall Street (trader at $4b hedge fund, Petra Capital) and in Silicon Valley (partner at $200m venture capital fund, GVA Capital; founder / CEO of venture funded blockchain startup SuchFlex)
Draper University grad, University of the Philippines (dropped out) BS in Applied Physics and Geodetic Engineering State Systemic Improvement Plan (SSIP) at Philippine Nuclear Research Institute Founder and Lead Engineer at Qwento Analytics, AI and blockchain startup creating a forecasting marketplace
10+ years experience as Cloud Solutions Architect Co-Founder and CTO at Arilot, custom software development for AI, BigData, Blockchain, DevOps; leader of blockchain development in Eastern Europe CTO at OkayCrypt, world’s first scoring ecosystem for cryptocurrencies
Masters, Engineering and Science in Computer Networks and Systems, National Technological University of Ukraine; Management and Economics, International University of Finances CTO at Kuna Exchange, #1 cryptocurrency trading platform in Ukraine
Founder of MagicFit, revolution in digital clothing. Experience at international venture capital firm NewDo Venture. Stanford University, Continuing Studies. Dalian University of Finance & Economics, Bachelor's degree in Management.
"Divitiæ bona ancilla, pessima domina.""Money is a good servant, a dangerous master."
"The usual definition of the functions of money are that money is a medium of exchange, a measure of value, a standard of deferred payment and a store of value.”
"Those pushing the “Bitcoin was first made for payments” narrative insist on cherry-picking sentences from the white paper and forum posts to champion their perspective.”
Stablecoins provide the key to mass adoption of cryptocurrencies and blockchain.