Bitfinex-Backed Stable Reveals STABLE Tokenomics Ahead of Mainnet

TLDR

• Stable has unveiled the tokenomics for its native STABLE token, designed to support governance and security within its blockchain network.
• The STABLE token has a fixed supply of 100 billion and will use a delegated proof-of-stake mechanism called StableBFT.
• Token holders can delegate their stakes to selected validators, ensuring a meaningful economic commitment from operators.
• STABLE token holders will have voting rights on important matters like protocol upgrades and the allocation of community reserves.
• The platform will not use the STABLE token as a payment asset. Users will continue to transact in USDT.

Stable, the blockchain platform backed by Tether and Bitfinex, has unveiled the tokenomics for its native STABLE token. This token is designed to support governance and security within the network. The STABLE token will ensure high-volume stablecoin transactions, offering scalability and efficiency.

The STABLE token has a fixed supply of 100 billion. It will serve as the backbone of network consensus through the delegated proof-of-stake mechanism, StableBFT. Token holders can delegate their stake to selected validators, fostering a “meaningful economic commitment” from operators, according to Stable.

The governance structure for the STABLE token allows token holders to vote on crucial matters. These include protocol upgrades and the allocation of community and ecosystem reserves. The token will not act as a payment asset, as users will still use USDT for transactions without needing to interact with STABLE.

Token Distribution and Staking Rewards

Stable will distribute 10% of the total STABLE supply for genesis distribution. This aims to bootstrap liquidity and engage the community. Another 40% will be allocated to developer grants and partnerships.

The remaining 25% each will be distributed to the team and early investors. These distributions are subject to a one-year cliff and a four-year vesting period. Stable has confirmed that there will be no inflationary emissions, and staking rewards will be linked to network fees denominated in USDT.

STABLE staking will also allow delegators to claim a share of network fees collected in a protocol vault. This is designed to support long-term sustainability for the platform.

https://x.com/stable/status/1995930840954802533?s=20

Stable’s Upcoming Mainnet Launch

Stable’s mainnet is scheduled to go live on December 8 at 8 a.m. The company has been preparing for this phase by onboarding validators and integrating developer tools. It is also activating governance for token holders as part of the mainnet’s phased rollout.

Since October, Stable has launched two pre-deposit campaigns to incentivize user participation. The first phase of the campaign received backlash due to large wallets dominating the deposits. To address this, Stable implemented a per-wallet deposit limit in the second phase.

Phase 2 concluded with over 10,000 verified wallets contributing over $1.1 billion in deposits. Stable continues to prepare for the upcoming mainnet launch, ensuring a smoother and more equitable distribution of the STABLE token.

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