The Seal community, driving innovation within the RGB++ Layer, announces the launch of phase 2 staking on Aug 7th, further solidifying its position as a leading force in the Bitcoin DeFi ecosystem.
Phase 2 of IBO (Initial Bitcoin Offering) Empowers $Seal Holders
Stable++ protocol offers a series of staking opportunities for $Seal holders to earn $STB rewards: Phase 2 starts on August 7. Stake for 30 or 60 days to earn 6% or 12% $STB respectively. This marks a significant leap for the Bitcoin ecosystem, enabling the issuance of assets on all UTXO chains through a novel and community-driven model.
Staking rewards are distributed proportionally to the amount staked, ensuring fairness and incentivizing participation. Holders can choose between different staking durations, allowing them to tailor their involvement to their individual needs and risk tolerance. The program is designed to foster community growth and encourage wider adoption of Stable++ protocol within the Bitcoin ecosystem.
$STB: The Community-Driven Token Fueling Stable++ Protocol’s Growth and Governance
$STB token boasts a total supply of 21 million, set to be distributed through an innovative approach that emphasizes community involvement and sustainable development.
As an integral secondary token, $STB enhances the staking mechanism of the Stable++ protocol. Holders who stake $STB can unlock enticing rewards, presenting a valuable opportunity for everyone.
Additionally, $STB functions as the governance token for Stable++ protocol, empowering the community to vote and influence key decisions. This ensures that users have a meaningful role in directing the future of Stable++.
Stable++ protocol is eager to explore further collaborations within the Bitcoin DeFi landscape, where $STB can be leveraged in various applications. This initiative aims to broaden the token’s utility and impact, ultimately benefiting the entire community.
Stable++ & Coming Milestones
CKB (Nervos Network), with its powerful scripting language and UTXO-based model, provides a complementary platform for Stable++.
A summary of how CKB could enhance Stable++:
- Cross-Chain Interoperability: CKB’s interoperability features could allow Stable++ to bridge the gap between Bitcoin and other blockchains, expanding its reach and potential use cases.
- Enhanced Security: CKB’s security model, based on a Proof-of-Work consensus mechanism, could further strengthen the security of Stable++ and its underlying assets.
- Scalability: CKB’s efficient transaction processing capabilities could help Stable++ scale its operations and handle a larger volume of transactions, especially as its adoption grows.
Stable++, as the first project to utilize the IBO platform, launching $STB – an over-collateralized stablecoin protocol within the RGB++ ecosystem, this pioneering protocol and its stablecoin issuance plan are poised to go live this August, expecting to bring significant benefits to the BTCFi ecosystem.
About Seal:
Seal is the leading asset on the RGB++ protocol, pioneering the development of a vibrant and innovative Bitcoin Finance ecosystem.
About Stable++:
Stable++ is an over-collateralized stablecoin protocol built on the RGB++ Layer, aiming to provide a reliable and stable store of value within the Bitcoin ecosystem.
About CKB:
CKB is the first fully BTC-isomorphic L2 (PoW+UTXO), offering a more decentralized, secure, and Bitcoin-compatible L2 solution.
CKB scales Bitcoin’s programmability and interoperability with RGB++ protocol, which maps Bitcoin UTXOs to CKB Cells, enabling the seamless transfer of Bitcoin L1 UTXO-based assets such as Ordinals, Atomicals, and Taproot, to CKB without any cross-chain bridge and vice versa. UTXO Stack, a Bitcoin L2 “OP Stack” secured by CKB and powered by RGB++, enables high-performance parallel chains, offering near-unlimited scalability without compromising security. CKB Lightning Network will connect with Bitcoin’s Lightning Network, facilitating a bi-directional, censorship-resistant, permissionless and trustless flow of assets between the two networks.
CKB mainnet launched in Nov. 2019 and completed its first mining reward halving in Nov. 2023.
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