stabble raised $1 M in a new round of funding on 2024-05-18.

$STB finally 😀

Stable++ is the first stablecoin protocol of RGB++Layer, using a CDP mechanism to mint RUSD with BTC and CKB as collateral. Its features include an insurance pool liquidation mechanism, profit sharing of the governance token STB, and support for cross-chain transfers, aimed at providing efficient liquidation and improving capital utilization. Stable++ responds to the market's demand for decentralization stablecoins and promotes the development of the BTCFi ecosystem.

Stable++ is the first stablecoin protocol on the RGB++ Layer, utilizing a CDP mechanism that allows users to stake BTC and CKB to mint RUSD. Its functions include over-collateralization lending, staking rewards, and cross-chain transfers. The liquidation mechanism introduces a "stability pool" and "redistribution" to enhance liquidation efficiency, helping to build a healthy token economy. With the improvement of the ecosystem, Stable++ will promote the development of the BTCFi ecosystem and fill the gap in the decentralized stablecoin market.

Stable++ is the first stablecoin protocol of the RGB++ Layer, utilizing a CDP mechanism where users can over-collateralize BTC or CKB to mint RUSD. It enhances liquidation efficiency through the Stability Pool and Redistribution mechanism, builds an under-damped system, and strengthens liquidity, creating development space for the BTCFi ecosystem.

Interpretation of Stable++: The first stablecoin protocol of RGB++Layer using the CDP mechanism In the evaluation of public chain ecosystems, DeFi data is an important indicator. Modern DeFi relies on four essential infrastructures: DEX, lending, stablecoins, and oracles. Although these are common in the EVM ecosystem, they are quite scarce in the Bitcoin ecosystem. Many BTCFi and BTC layer-two projects have merely built EVM chains and lack innovation. In contrast, public chains based on the UTXO model, such as CKB and Cardano, are more attractive. The "isomorphic binding" and "Leap no-bridge cross-chain" solutions proposed by RGB++ Layer have garnered significant attention. Projects like UTXOSwap, ccBTC, and JoyID wallet also stand out. For the CKB and RGB++ Layer ecosystem, the stablecoin system is of paramount importance. A robust and reliable stablecoin issuance protocol directly impacts