Stabilize Protocol

The Stabilize Protocol is introducing a new way for stablecoin depositors to store their coins. By utilizing the Tornado protocol, users can benefit from private transactions, meaning transactions that disconnect the sender address from the receiver address. When a user withdraws from a Stabilize account, observers would be unable to determine what his/her balance would be inside the account. This allows depositors to benefit from something they normally get in the real world, private balances. In the real world, when you give someone money, it is not possible for that person to easily determine your remaining balance and track all your transactions, future and past. Unfortunately, with most cryptocurrencies including Ethereum, this is something that can easily be done. This can compromise your privacy and safety and make you a potential target of scammers, hackers and worse. With Stabilize private accounts, depositors can get one step closer to the real world. They deposit into the account with their deposit note only known to them, then at a later time, can use the note to redeem the deposit amount to another address of their choosing, including receiving ETH amount of their choosing to pay for future transactions. When observers see the withdrawal, they can see that it came from Stabilize accounts but will be unable to determine who the initial depositor was for that withdrawal, thus protecting their safety and privacy. This is the first and only DeFi yield farming application that builds upon what the Tornado team has designed to help bring more security to stablecoin depositors.