Stabble宣布IDO：引入一個用於分散交流的新模型

將效率，公平交易和更高的收益率提高到Defi

A new decentralized exchange (DEX) is launching on Solana with an Initial DEX Offering (IDO) on Fjord Foundry.

新的分散交易所（DEX）在Solana上發起，並在Fjord Foundry上發出了初始DEX產品（IDO）。

stabble, a DEX focused on efficient liquidity utilization and reduced impermanent loss, will be offering its $STB token to early participants. The event will take place from May 19 to 21, 2025, with an opening price of $0.10.

Stabble是一種專注於有效的流動性利用和減少無常損失的DEX，它將向早期參與者提供其$ STB令牌。該活動將於2025年5月19日至21日舉行，開頭價格為0.10美元。

The IDO will use Fjord Foundry’s Liquidity Bootstrapping Pool (LBP) model for a more efficient and broader token distribution. The sale starts with a high price that decreases unless buying activity stabilizes it, aiming to prevent large early buyouts and enable more participants to acquire tokens at a fair price.

IDO將使用峽灣鑄造廠的流動性自舉池（LBP）模型，以更有效，更廣泛的代幣分佈。銷售始於高價，除非購買活動穩定下來，否則旨在防止大量的早期買斷，並使更多的參與者以公平的價格獲取令牌。

About stabble

關於刺

stabble presents a new approach to automated market making (AMM) on the Solana blockchain. AMMs enable cryptocurrency trading without traditional order books, with prices set algorithmically via liquidity pools. However, many AMMs require large liquidity reserves and end up using a small fraction of those funds.

Stabble為Solana區塊鏈上了一種新的自動化市場製造方法（AMM）。 AMMS啟用無傳統訂單書籍的加密貨幣交易，其價格通過流動性池設置為算法。但是，許多AMM都需要大量的流動性儲備，最終使用這些資金的一小部分。

stabble’s model is designed to reduce liquidity requirements by up to 97% compared to conventional DEXs while achieving the same level of trading volume. The exchange also aims to change how arbitrage—the practice of profiting from price differences—functions in DeFi.

與傳統的DEX相比，Stabble的模型旨在將流動性要求降低多達97％，同時達到相同的交易量。該交易所還旨在改變套利的套利（從價格差異中獲利的實踐）的方式。

On most decentralized exchanges, external arbitrage traders take advantage of price discrepancies at the expense of liquidity providers. stabble integrates internal arbitrage mechanisms, allowing liquidity providers to capture profits that would otherwise be extracted by third parties. This structure is intended to reduce impermanent loss, a risk where liquidity providers end up holding assets that have lost value due to price shifts.

在大多數分散的交易所中，外部套利交易者以犧牲流動性提供者為代價利用價格差異。 Stabble整合了內部套利機制，使流動性提供者可以捕獲原本將由第三方提取的利潤。這種結構旨在減少無常損失，在這種風險中，流動性提供商最終持有由於價格轉移而損失價值的資產。

The platform is built for both traders and liquidity providers. Traders benefit from low slippage and competitive fees, while liquidity providers gain higher capital efficiency and additional revenue streams through arbitrage participation.

該平台是為貿易商和流動性提供商構建的。貿易商受益於低水平和競爭費，而流動性提供者通過套利參與獲得了更高的資本效率和額外的收入來源。

How stabble’s Liquidity System Works

Stabble的流動性系統如何工作

stabble’s liquidity pools operate differently from traditional DEX models. It supports weighted pools, which optimize liquidity utilization across volatile assets, such as USDC-STB or ETH-WBTC, at a 70:30 ratio. In addition, composable stable pools are available for stablecoin trading, such as USDC-USDT, offering lower transaction fees and minimal price fluctuations.

Stabble的流動性池的運作方式與傳統DEX模型不同。它支持加權池，以70:30的比例優化了遍布USDC-STB或ETH-WBTC等揮發性資產的流動性利用率。此外，可組合穩定的池可用於Stablecoin交易，例如USDC-USDT，提供較低的交易費用和價格最小的價格波動。

To improve efficiency, smart liquidity routing automatically moves liquidity into pools with the highest trading activity and yield potential. This automated system adjusts in real-time, ensuring liquidity providers achieve optimal returns.

為了提高效率，智能流動性路由會自動將流動性轉移到交易活動最高和收益潛力的池中。該自動化系統實時調整，以確保流動性提供商獲得最佳的回報。

Another key innovation is smart liquidity arbitrage (SLA), where arbitrage bots monitor price differences across exchanges. These bots execute trades when profitable, keeping prices aligned while generating extra yield for liquidity providers who contribute to SLA-enabled pools.

另一個關鍵的創新是智能流動性套利（SLA），其中套利機器人監視交易所之間的價格差異。這些機器人在盈利時執行交易，使價格保持一致，同時為支持SLA支持池的流動性提供商產生額外的收益率。

The $STB Token and Governance

$ STB令牌和治理

$STB is the core utility token within the stabble ecosystem, facilitating governance and staking.

$ STB是Stabble生態系統中的核心實用程序令牌，促進治理和立場。

Users can lock $STB to receive veSTB (vested escrow) tokens, which offer governance rights. Unlike traditional staking, where rewards are based solely on time, veSTB multipliers increase based on longer lockup periods, encouraging long-term commitment. The veSTB locking multiplier can be up to 4.3x.

用戶可以鎖定$ STB以接收提供治理權利的Vestb（既得託管）令牌。與傳統獎勵僅基於時間基於時間的傳統參與不同，VestB乘數根據較長的鎖定時間增加，從而鼓勵長期承諾。 VestB鎖定乘數最多可高達4.3倍。

Governance is fully decentralized, allowing veSTB holders to vote on key protocol decisions, including liquidity pool structures, fee allocations, and arbitrage mechanisms. This model gives active participants direct influence over platform updates.

治理是完全分散的，允許Vestb持有人對關鍵協議決策進行投票，包括流動性池結構，費用分配和套利機制。該模型使積極參與者直接影響平台更新。

How to Join the IDO on Fjord Foundry

如何在峽灣鑄造廠加入IDO

To participate in the IDO, users need to connect a Solana-compatible wallet, such as Phantom or Solflare, to Fjord Foundry’s platform. The sale accepts $USDC, and purchases can be made once the event starts.

為了參與IDO，用戶需要將彼此兼容的錢包（例如Phantom或Solflare）連接到Fjord Foundry的平台。銷售接受$ USDC，並且一旦活動開始，就可以進行購買。

The IDO runs from May 19 to 21, 2025, beginning and ending at 2 PM UTC. After the sale, token claims will be processed through Streamflow, the designated vesting tool, with distribution details available by February 26.

IDO從5月19日至2025年21日，在UTC開始和結束。銷售後，代幣索賠將通過指定的歸屬工具strailflow進行處理，並在2月26日之前獲得分發詳細信息。

What’s Next for stabble?

刺是什麼？

Following the IDO, stabble will focus on expanding its ecosystem with smart liquidity arbitrage enhancements, integrating more trading pairs and external liquidity sources to improve price alignment and boost liquidity provider earnings. Governance upgrades will also give veSTB holders greater control over key protocol decisions, ensuring a more decentralized and community-driven platform.

在IDO之後，Stabble將專注於通過智能流動性套利增強功能擴展其生態系統，整合了更多的交易對和外部流動性來源，以提高價格一致性並提高流動性提供商的收入。治理升級還將為Vestb持有人提供對關鍵協議決策的更大控制權，從而確保一個更加分散和以社區為導向的平台。

To strengthen its role in DeFi, stabble plans to integrate with other protocols, improving cross-chain compatibility and asset accessibility. Additionally, new analytics tools will provide liquidity providers and traders with real-time insights into trading volume, yield, and impermanent loss, helping optimize decision-making. These developments are aimed at enhancing capital efficiency, reducing slippage, and creating a more sustainable decentralized trading environment.

為了加強其在DEFI中的作用，Stabble計劃與其他協議集成，改善跨鏈兼容性和資產可訪問性。此外，新的分析工具將為流動性提供者和交易者提供對交易量，收益率和無常損失的實時見解，從而有助於優化決策。這些發展旨在提高資本效率，降低滑倒並創造更可持續的分散交易環境。

Get Involved

介入

The stabble IDO offers an opportunity for early adopters to secure $STB at the most competitive price while participating in a next-generation decentralized exchange. Connect your wallet, review the sale details, and join the growing DeFi ecosystem.

Stabble Ido為早期採用者提供了一個機會，以最有競爭力的價格獲得$ STB，同時參加下一代分散交易所。連接您的錢包，查看銷售詳細信息，並加入不斷增長的Defi生態系統。

For further updates and information, visit https://stabble.org/

有關更多更新和信息，請訪問https://stabble.org/