Stable to launch Phase 2 of pre-deposit campaign next week
Stable, a Layer 1 blockchain, is launching Phase 2 of its pre-deposit campaign next week, following the rapid completion of Phase 1.Summary
Stable, a Layer 1 blockchain specializing in stablecoin transactions and backed by Bitfinex and USDT0, announced it will launch Phase 2 of its pre-deposit campaign next week. This campaign allows users to deposit stablecoins, mainly USDT, in exchange for future rewards linked to the network's native token and ecosystem incentives. Phase 1 reportedly hit its $825 million cap within 22 minutes of opening, leading to allegations of front-running by large wallets that deposited funds before the official announcement, sparking community backlash over limited retail participation. While Phase 2 will feature a per-wallet deposit limit, Stable has not explicitly addressed the Phase 1 controversy or detailed measures to ensure fair access for the upcoming phase, promising more details on X.
(Source：The Block)