What is Stable ?

(Source:@stabbleorg)

In the world of decentralized finance (DeFi), DEX is no longer a novelty, but with the emergence of Stabble, it undoubtedly redefines the possibilities of DEX. As a native decentralized trading platform based on Solana, Stabble is not just simply replicating Uniswap’s AMM mechanism, but providing revolutionary new solutions to the core issues of existing DEXs.

The core pain points faced by traditional DEX

In the current DeFi ecosystem, we see several issues repeatedly appearing:

• Only 3% of the funds are actually used, and the rest being idle leads to low capital efficiency and low APY.
• Liquidity providers (LPs) do not engage in arbitrage but instead become an ATM for arbitrageurs, bearing the so-called impermanent loss.
• LP needs manual adjustment of positions and reallocation of funds, which is extremely time-consuming and difficult to manage.
• Front-running trading bots and MEV attackers pre-empt and sandwich, resulting in unfair trades.
• High slippage and price spreads affect user experience.

These design flaws make existing DEXs unable to effectively expand user base and trading volume.

Stabble: A DEX born to solve problems

Stabble is not just a simple AMM platform, but a redesign of the DeFi experience from a design perspective. It features the following major innovative characteristics:

• Higher capital efficiency
  Stabble’s pool design can save up to 97% of liquidity demand while maintaining trading depth. This means LPs can support the same trading volume with less capital, resulting in higher APY.

• Protocol-driven liquidity management
  Unlike traditional LPs that require manual position management, Stabble introduces a protocol liquidity management mechanism to intelligently allocate funds, reduce impermanent loss, achieve automatic arbitrage, automatic rebalancing, and maximize LP yield.

• Support internal and cross-exchange arbitrage
  Stabble not only allows arbitrageurs to participate but also designs arbitrage pools and internal arbitrage mechanisms, which allow arbitrage profits to flow back to LP instead of being harvested by external institutional arbitrageurs like other DEXs.

• Virtual Margin Liquidity
  Stabble introduces Margin Liquidity into the AMM world. This design allows participants with different risk preferences to enter DeFi, where risk-neutral participants can provide loans, and risk-takers can engage in leverage liquidity mining.

• Smart Liquidity Routing (SLR)
  The SLR system of Stabble can automatically inject single assets into the most promising liquidity pool and continuously adjust the configuration. This automated and decentralized mechanism significantly reduces impermanent loss and operational costs, allowing ordinary users to participate.

Stabble’s token economics

The native token STB of Stabble is the core of the entire protocol operation, with a total fixed supply of 500 million. It is designed to balance multiple objectives such as community incentives, long-term development funds, liquidity support, and protocol governance. The following are the specific contents of each allocation category:

• To support early development and guide funds into the project, 4% is reserved for pre-seed investors and 7.6% is provided to seed investors. These early funds help the protocol complete initial development and validation. Both rounds of investors have a 6-month cliff period, followed by linear unlocking within 8 months, with only 5% unlocked at the initial TGE.
• Private rounds account for the largest share, with 13.6% allocated. TGE unlocks 10%, and after a 2-month cliff period, the remaining 6 months will be linearly released. In addition, there is a small portion of private round 2 (0.7%), with a shorter unlocking schedule, unlocking 10% at TGE and the rest linearly released within 6 months.
• To expand market influence and engage key opinion leaders (KOLs) in community expansion, Stabble allocates 3.8% of tokens to KOLs. This portion has no cliff period and can be unlocked 15% at TGE, with the remaining released evenly over 9 months.
• For the public sale, 2.5% is allocated to attract users and retail investors, with a faster release method designed: 15% unlocked at TGE, and the rest released linearly over 4 months.
• The team and advisors account for 16% to ensure the long-term stable development of the protocol. There is a cliff period of up to 9 months, and the tokens will be gradually released in the following 24 months, fully reflecting the commitment to the long-term value of the project.
• In terms of marketing promotion and community incentives, Stabble reserves 5% for marketing and airdrop activities, with 10% unlocked at TGE and the rest released linearly over 9 months; another 2% is used for staking and liquidity provision incentives, with 25% unlocked at TGE and also released over 9 months.
• The protocol’s long-term reserve fund accounts for the largest proportion, at 34.8%, corresponding to approximately 174 million STB tokens, with an extremely long cliff period of 60 months. Afterward, there will be a linear release over 60 months, representing the protocol’s long-term potential and flexibility within the agreement.
• 10% of the tokens are allocated to liquidity building in the early stage of the protocol to ensure trading experience and stability, with 50% released at TGE and the remaining portion released within 3 months.

(Source: stabble.org)

This token economy design allows Stabble to simultaneously address the three core needs of initial startup capital, long-term protocol governance stability, and market liquidity management, and effectively avoid price shocks caused by early token flow through a rigorous unlocking mechanism, maintaining a good market order.

The Role and Function of STB Tokens

STB is the native token of the Stabble protocol, with core use cases including:

• Governance voting: Protocol upgrades, parameter adjustments, arbitrage profit distribution, etc. will all be decided by STB holders.
• Arbitrage settings: The threshold and profit distribution ratio of internal arbitrage are determined by STB voting.
• Incentive mechanism: Staking STB can receive additional rewards or fee sharing.
• Liquidity mining: Providing funds to the liquidity pool can earn STB incentives.

Through the design of STB, Stabble ensures that participants’ actions are aligned with the long-term growth of the protocol, creating a positive flywheel mechanism.

STB spot trading will start on May 22, 2025 at 22:00 (UTC+8):https://www.gate.com/trade/STB_USDT

Summary

Stabble is using its innovative model to redefine the standards of decentralized exchanges, from capital efficiency, arbitrage participation, fair mechanisms to risk management. This project from the Solana ecosystem is creating a truly frictionless trading experience for DeFi. For those tired of the unfair and inefficient traditional DEX, Stabble is a project worth paying attention to.