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

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

Stable++ is the first stablecoin protocol of the RGB++ Layer ecosystem, utilizing a CDP mechanism that allows for the over-collateralization of BTC or CKB to mint RUSD, and features multiple liquidation protection mechanisms. This innovative stablecoin is expected to promote the development of the BTCFi ecosystem and provide users with a secure channel for stablecoin minting.

Analyzing Stable++: the first CDP stablecoin protocol on RGB++Layer Camus said in "The Plague": "To understand a city, look at how its people work, love, and die." Similarly, to assess a public chain ecosystem, we must first look at its DeFi data, including the number of protocols, TVL, and application scenarios. DeFi data directly reflects the development status of the public chain. Although this evaluation method has its shortcomings, it remains an important reference standard for observers. The modern DeFi ecosystem relies on four foundational components: DEX, lending, stablecoin, and oracle. Additionally, there are LSTs, derivatives, and more built on this foundation. These are common in the EVM ecosystem but are quite scarce in the Bitcoin ecosystem. As a result, many BTCFi and BTC Layer 2 projects have emerged, but most have merely built EVM chains on Bitcoin, essentially copying applications from Ethereum, lacking innovation.

Interpretation of RGB++ Layer's first stablecoin protocol Stable++ Stable++ is the first stablecoin protocol within the RGB++ Layer ecosystem, utilizing a CDP mechanism to generate the RUSD stablecoin by using BTC and CKB as collateral. This protocol combines the Stability Pool insurance pool and bad debt redistribution mechanism, providing a reliable stablecoin minting scenario for BTC and CKB holders. By leveraging CKB's unique issuance method, Stable++ can build a lightly damped system within the RGB++ ecosystem, serving as a moderate buffer during periods of intense market volatility. Stable++ product features and mechanism design The main features of Stable++ include: 1. Users can borrow RUSD stablecoin by over-collateralizing BTC or CKB, and can also redeem collateral with RUSD. The collateralization and redemption operations will incur a fee.

Stable++ is the first stablecoin protocol in the RGB++ Layer, using a CDP model, allowing users to collateralize BTC or CKB to generate RUSD. The protocol enhances liquidation efficiency through a dual insurance mechanism, contributing to the vitality and fund utilization of the CKB ecosystem. With the development of the BTCFi ecosystem, Stable++ is expected to play an important role in the market.