📢 GENERAL ANNOUNCEMENT

Dear Community, the long wait is over and we are charging forward!

We thank everyone for their support and patience throughout the last couple of days. It was something truly unexpected and unprepared for. While we wanted to address the situation swiftly, we had to make sure it was done wisely, strategically, and securely.

STATERA is a smart contract Token with a difference, the first Indexed Deflationary Token in the entire crypto ecosystem. This is our foundation; our alma mater. It was not an easy feat determining a secured future, but in the end we prevailed.
Note: The situation was not a security flaw in our token. The Statera Token is safe and secure; a fully deployed and immutable smart contract. The original code and audit stand true. No single entity controls our ecosystem, we are a force through community. This is decentralized finance.

WAY FORWARD

While it is affirmed that deflationary tokens are not safe to pool directly on Balancer, we have been able to solve this issue with a workaround specific to STATERA. Uniswap is that answer; STATERA burns and rebalances happen on Uniswap and then interact with the Balancer Pools. After rigorous testing, we expect the same results with our new Balancer Pool as we had before and we foresee our Uniswap Pools being some of the strongest on Uniswap. In order to secure the new indexed pool on Balancer, we have created a new ecosystem with the PHOENIX FUND.

Statera Uniswap Pool:
A pool of STA and ETH, this pool existed from day one operating smoothly and securely. This is where the burn happens, it feeds the whole system and is fed by the system. When you pool your STA/ETH 50/50 here you “mint” a Uni-V2 token, which will be known as Delta Token.

Delta Uniswap Pool:
A pool of Delta(STA/ETH) and ETH. This is where the Balancer will buy and sell Delta from. To get Delta, this pool needs to pull from Statera pool, which burns STA.


PHOENIX FUND

A balancer pool of Delta/SNX/wETH/LINK/wBTC : 40/30/10/10/10. This weighting keeps STA at 20% in the pool (half of Delta) and puts a bigger bet on ETH. ETH is one of the highest volume assets in the space (giving our community more fees paid) and is the protocol that all of this is running on. Through Delta Token deflation is pegged to the index fund. Phoenix Fund needs to buy and sell Delta based on the fluctuation of the other tokens. Every time it trades Delta this ripples through Delta Pool to Statera Pool, where deflation safely happens on Uniswap, this deflation ripples back to Balancer, enabling ripples across the three pools.

We checked with multiple experts in the space to ensure this new system was secure. We expect our ecosystem’s volume and fees to stay steady or even increase! This is a bright new future for Statera, for all of us. Bringing Deflationary Index Funds to cryptocurrency. Bringing cryptocurrency to every portfolio on earth.


We are also pleased to inform you that we have our website updated: https://stateratoken.com/