🌐 Explore Sovryn for various use cases for XUSD on https://alpha.sovryn.app—from trading and lending to liquidity providing. Or simply HODL XUSD as a form of stablecoin diversification.
📄 For complete campaign rules and details, check out the "Rules for Turbocharging Rootstock's Stablecoin Liquidity Campaign" on our Gitbook: https://babelfish.gitbook.io/the-babelfish-gitbook/tutorials-and-guides/rules-for-turbocharging-rootstocks-stablecoin-liquidity-pilot-campaign
Let's turbocharge liquidity together! 🚀💰
📄 For complete campaign rules and details, check out the "Rules for Turbocharging Rootstock's Stablecoin Liquidity Campaign" on our Gitbook: https://babelfish.gitbook.io/the-babelfish-gitbook/tutorials-and-guides/rules-for-turbocharging-rootstocks-stablecoin-liquidity-pilot-campaign
Let's turbocharge liquidity together! 🚀💰
BabelFish Money pinned «🌐 Explore Sovryn for various use cases for XUSD on https://alpha.sovryn.app—from trading and lending to liquidity providing. Or simply HODL XUSD as a form of stablecoin diversification. 📄 For complete campaign rules and details, check out the "Rules for Turbocharging…»
Earth - this pale blue pebble orbiting around that hot fiery ball we call the Sun is completing another lap. Happy Earth Orbit Completion Day!
Dive into summary of our year of charting unexplored territories and navigating through the complex currents of DeFi. Discover our milestones, the challenges we've overcome, and the community spirit that's been our greatest ally.
📕 Read the blog: https://babelfish-money.medium.com/babelfishs-voyage-through-2023-and-beyond-2f3825e9baf4
🔍 Explore the Turbocharging Rootstock's Stablecoin Liquidity aftermath report: https://forum.babelfish.money/t/aftermath-report-turbocharging-rootststocks-stablecoin-liquidity-pilot-campaign/323
Join us as we continue our adventure in 2024, armed with our towels and ready for whatever the galaxy throws at us!
Here's to continuing our cosmic adventure in 2024 and beyond!
Dive into summary of our year of charting unexplored territories and navigating through the complex currents of DeFi. Discover our milestones, the challenges we've overcome, and the community spirit that's been our greatest ally.
📕 Read the blog: https://babelfish-money.medium.com/babelfishs-voyage-through-2023-and-beyond-2f3825e9baf4
🔍 Explore the Turbocharging Rootstock's Stablecoin Liquidity aftermath report: https://forum.babelfish.money/t/aftermath-report-turbocharging-rootststocks-stablecoin-liquidity-pilot-campaign/323
Join us as we continue our adventure in 2024, armed with our towels and ready for whatever the galaxy throws at us!
Here's to continuing our cosmic adventure in 2024 and beyond!
We've just published a draft proposal on our forum to bolster the BabelFish Aggregator's stability and efficiency. Your insights and feedback are crucial to shaping its final form!
This time we have proposed a BIP consisting of 3 parts:
1️⃣ Empowering BabelFish Multisig Address: To streamline fund management, we propose whitelisting the BabelFish Multisig Address. This move aims to exempt it from Balancing Curves' influence, allowing for more efficient stablecoin swaps.
2️⃣ Delegating Authority to BabelFish Multisig Signers: We're considering granting temporary authority to Multisig Signers to adjust Balancing Curves parameters. This 24-week period aims to enhance adaptability and responsiveness. Stay tuned for updates!
3️⃣ Phasing Out BUSD: Due to external changes, we propose removing BUSD from our aggregator. This will streamline our operations and align with current market conditions. Your understanding and support are invaluable.
We would like to encourage everyone to visit our forum and read the full proposal. Every opinion counts in shaping the future of BabelFish Aggregator.
https://forum.babelfish.money/t/draft-bip-00xx-improving-aggregator-stability-and-efficiency/324
This time we have proposed a BIP consisting of 3 parts:
1️⃣ Empowering BabelFish Multisig Address: To streamline fund management, we propose whitelisting the BabelFish Multisig Address. This move aims to exempt it from Balancing Curves' influence, allowing for more efficient stablecoin swaps.
2️⃣ Delegating Authority to BabelFish Multisig Signers: We're considering granting temporary authority to Multisig Signers to adjust Balancing Curves parameters. This 24-week period aims to enhance adaptability and responsiveness. Stay tuned for updates!
3️⃣ Phasing Out BUSD: Due to external changes, we propose removing BUSD from our aggregator. This will streamline our operations and align with current market conditions. Your understanding and support are invaluable.
We would like to encourage everyone to visit our forum and read the full proposal. Every opinion counts in shaping the future of BabelFish Aggregator.
https://forum.babelfish.money/t/draft-bip-00xx-improving-aggregator-stability-and-efficiency/324
🔍We are excited to announce that the final version of BIP-0011 has been officially published! You can dive into the complete details of the proposal on our GitHub page. Don't miss out on understanding the ins and outs of this significant proposal.
https://github.com/BabelFishProtocol/BIPS/blob/main/BIP-0011.md
🗳 Mark your calendars! The vote on BIP-0011 is scheduled for tomorrow, 16th January 2024, at 1 PM UTC. This is your opportunity to have a say in the direction of the BabelFish Protocol. Every vote counts in shaping our journey ahead.
https://github.com/BabelFishProtocol/BIPS/blob/main/BIP-0011.md
🗳 Mark your calendars! The vote on BIP-0011 is scheduled for tomorrow, 16th January 2024, at 1 PM UTC. This is your opportunity to have a say in the direction of the BabelFish Protocol. Every vote counts in shaping our journey ahead.
🚨Voting Now Live!
We experienced a minor technical hiccup, but we're back on track! The voting for BIP-0011 is now officially open. Thank you for your patience and understanding.
👉 Vote Here: https://app.babelfish.money/bitocracy/governorAdmin/14
🗳 Cast your vote now and make your voice heard.
🔔 Don't let this chance slip by. Join in on the governance and be a part of our community's progress. Every vote is crucial in shaping the future of the BabelFish Protocol.
⏰ Time is ticking! You have approximately 24 hours left to cast your vote for BIP-0011. The voting window closes at Rootstock block #6002108
📣 Spread the Word - encourage everyone from our community to participate. A strong turnout makes for a more representative and robust decision.
We experienced a minor technical hiccup, but we're back on track! The voting for BIP-0011 is now officially open. Thank you for your patience and understanding.
👉 Vote Here: https://app.babelfish.money/bitocracy/governorAdmin/14
🗳 Cast your vote now and make your voice heard.
🔔 Don't let this chance slip by. Join in on the governance and be a part of our community's progress. Every vote is crucial in shaping the future of the BabelFish Protocol.
⏰ Time is ticking! You have approximately 24 hours left to cast your vote for BIP-0011. The voting window closes at Rootstock block #6002108
📣 Spread the Word - encourage everyone from our community to participate. A strong turnout makes for a more representative and robust decision.
🎉 BIP-0011 Unanimously Approved! 🎉
A huge shout-out to everyone from our community for the 100% support in the BabelFish Bitocracy vote. Your active participation is shaping our journey forward.
⚙️ We're focusing on phasing out BUSD and adjusting Balancing Curves Parameters. These actions are crucial for aligning our operations with the current market and DeFi environment.
⚙️ The third feature of BIP-0011, aimed at granting BabelFish Multisig an exemption from Balancing Curves' influence, is not needed at the moment. However, it will be deployed and utilized only after thorough evaluation and strictly in scenarios where it's deemed essential.
Thank You once again and stay tuned for more!
A huge shout-out to everyone from our community for the 100% support in the BabelFish Bitocracy vote. Your active participation is shaping our journey forward.
⚙️ We're focusing on phasing out BUSD and adjusting Balancing Curves Parameters. These actions are crucial for aligning our operations with the current market and DeFi environment.
⚙️ The third feature of BIP-0011, aimed at granting BabelFish Multisig an exemption from Balancing Curves' influence, is not needed at the moment. However, it will be deployed and utilized only after thorough evaluation and strictly in scenarios where it's deemed essential.
Thank You once again and stay tuned for more!
We're excited to share that BabelFish has hit a pivotal milestone with our Balancing Curves feature, revolutionizing stablecoin liquidity across blockchains. This marks a significant leap in our journey to provide a balanced and resilient DeFi ecosystem.
✅ Balancing Curves has successfully optimized stablecoin distribution, with DLLR reaching its target weight of 49%. The result is a robust mix of assets, enhancing stability and user trust.
➡️ Stay tuned for further innovations as we continue to refine our platform and expand the DeFi possibilities!
Read more about our milestone here: https://babelfish-money.medium.com/babelfish-reaches-milestone-with-innovative-balancing-curves-7dd1fa59186b
✅ Balancing Curves has successfully optimized stablecoin distribution, with DLLR reaching its target weight of 49%. The result is a robust mix of assets, enhancing stability and user trust.
➡️ Stay tuned for further innovations as we continue to refine our platform and expand the DeFi possibilities!
Read more about our milestone here: https://babelfish-money.medium.com/babelfish-reaches-milestone-with-innovative-balancing-curves-7dd1fa59186b
Exciting News everyone!
We've updated our Balancing Curve Parameters to enhance platform stability and efficiency. What does this mean for you? Let's dive in! 🌊
🔧 Key changes? BUSD was phased out and it's Target Weight allocated in other stablecoins - with focus on USDT, USDC and DAI on Ethereum and BNB Smart Chain. Additionally DLLR's Target Weight has been adjusted to create more room for those stablecoins.
📈 Apart from that Balancing Curves Factor has increased. It means more attractive rewards and fair penalties, aligning with our goal for a more robust ecosystem.
🔍 For all the details on these updates and their impact, check out our latest blog post:
https://babelfish-money.medium.com/optimizing-babelfish-updated-balancing-curve-parameters-1b17ce48431a
🙌 Your feedback drives our evolution. What are your thoughts on these changes? Share with us here and our socials. Together, we're enhancing DeFi on Bitcoin.
We've updated our Balancing Curve Parameters to enhance platform stability and efficiency. What does this mean for you? Let's dive in! 🌊
🔧 Key changes? BUSD was phased out and it's Target Weight allocated in other stablecoins - with focus on USDT, USDC and DAI on Ethereum and BNB Smart Chain. Additionally DLLR's Target Weight has been adjusted to create more room for those stablecoins.
📈 Apart from that Balancing Curves Factor has increased. It means more attractive rewards and fair penalties, aligning with our goal for a more robust ecosystem.
🔍 For all the details on these updates and their impact, check out our latest blog post:
https://babelfish-money.medium.com/optimizing-babelfish-updated-balancing-curve-parameters-1b17ce48431a
🙌 Your feedback drives our evolution. What are your thoughts on these changes? Share with us here and our socials. Together, we're enhancing DeFi on Bitcoin.
🚀 Curious about the impact of the BabelFish Aggregator and Balancing Curves?
In just 30 days until mid-March, we've rewarded our users with almost 20k XUSD!
BabelFish continues its mission to create a safer DeFi ecosystem. We're mitigating risks from any single stablecoin issuer's failure and optimizing stablecoin allocations. Our users are incentivized to maintain balance within our Aggregator, fostering a secure, diversified ecosystem.
Check out our blog https://babelfish-money.medium.com/babelfish-insights-reflecting-on-recent-growth-mid-february-mid-march-9238b076107a and join the conversation on our channels. Your thoughts and engagement are invaluable to us! 🙏
Stay tuned for more insights and updates.
In just 30 days until mid-March, we've rewarded our users with almost 20k XUSD!
BabelFish continues its mission to create a safer DeFi ecosystem. We're mitigating risks from any single stablecoin issuer's failure and optimizing stablecoin allocations. Our users are incentivized to maintain balance within our Aggregator, fostering a secure, diversified ecosystem.
Check out our blog https://babelfish-money.medium.com/babelfish-insights-reflecting-on-recent-growth-mid-february-mid-march-9238b076107a and join the conversation on our channels. Your thoughts and engagement are invaluable to us! 🙏
Stay tuned for more insights and updates.
Medium
BabelFish Insights: Reflecting on Recent Growth (Mid-February — Mid-March)
BabelFish is excited to share some fascinating performance metrics. By comparing the 30-day periods from mid-January to mid-February and…
📢 BabelFish Balancing Curves Parameters Updated!
We've updated our Balancing Curves Parameters to enhance stability and adapt to evolving market demands. These strategic adjustments are key to maintaining efficient operations and optimal stablecoin allocations.
👀 Learn all about the changes and their impact on our platform in our latest article: https://babelfish-money.medium.com/optimizing-babelfish-adjustments-to-the-balancing-curve-parameters-ffe7c0e327e7
We've updated our Balancing Curves Parameters to enhance stability and adapt to evolving market demands. These strategic adjustments are key to maintaining efficient operations and optimal stablecoin allocations.
👀 Learn all about the changes and their impact on our platform in our latest article: https://babelfish-money.medium.com/optimizing-babelfish-adjustments-to-the-balancing-curve-parameters-ffe7c0e327e7
Medium
Optimizing BabelFish: Adjustments to the Balancing Curves Parameters
At BabelFish, we continuously monitor our aggregator and the broader market to ensure our platform remains a responsive and trusted…
BabelFish Money pinned «📢 BabelFish Balancing Curves Parameters Updated! We've updated our Balancing Curves Parameters to enhance stability and adapt to evolving market demands. These strategic adjustments are key to maintaining efficient operations and optimal stablecoin allocations.…»
Forwarded from Hyde
💥 More stablecoin liquidity is coming to the Sovryn Ecosystem on Rootstock blockchain!
In the last 7 days, the BabelFish aggregator grew +68.8%, from $1.68M → $2.84M.
Liquidity providers earned 12,119 $XUSD in liquid rewards! 🤑
🔄The Balancing Curves are working as intended:
✅+75.4% growth in BSC & Ethereum stablecoins
Share of💰stablecoins in BabelFish aggregator:
BSC + ETH: $USDT 27.9%, $USDC 20.8%, $DAI 10.1%.
Rootstock-native: $DLLR 37.6%, $DOC 0.03%.
Rootstock bridged: $rUSDT 3.5%.
🚀 We can't wait for BitcoinOS to be operational! 🙌
Once live, we’ll be able to bring BabelFish and our solutions to the next level, tapping into the power of Bitcoin's native ecosystem. 🌐
In the last 7 days, the BabelFish aggregator grew +68.8%, from $1.68M → $2.84M.
Liquidity providers earned 12,119 $XUSD in liquid rewards! 🤑
🔄The Balancing Curves are working as intended:
✅+75.4% growth in BSC & Ethereum stablecoins
Share of💰stablecoins in BabelFish aggregator:
BSC + ETH: $USDT 27.9%, $USDC 20.8%, $DAI 10.1%.
Rootstock-native: $DLLR 37.6%, $DOC 0.03%.
Rootstock bridged: $rUSDT 3.5%.
🚀 We can't wait for BitcoinOS to be operational! 🙌
Once live, we’ll be able to bring BabelFish and our solutions to the next level, tapping into the power of Bitcoin's native ecosystem. 🌐