On September 1st, the first phase of the $FISH airdrop to reward SOV stakers took place. From the first month of the Liquidity Mining fund, 0.42% of FISH supply was allocated to SOV stakers as of June 21st and 1% of FISH supply was allocated to SOV stakers as of…

Published on September 1, 2021

BabelFish, the leading stablecoin aggregator on Rootstock, has completed a successful fundraise totalling $5.8m via a listing on Sovryn’s Origins Launchpad, the first organisation to do so. …

Published on August 10, 2021 (https://babelfish.money/ba0412e1117246f186e57827dc689288)

Get your towel and prepare to be beamed onto BabelFish’s DAO spaceship. XUSD has been running for three months on Sovryn’s platform, simplifying UI/UX and providing deeper USD liquidity by aggregating stablecoins from Ethereum, BSC and RSK chains. We can go fast alone, but…

Published on August 10, 2021

The cross-chain stablecoin protocol Babelfish has launched on RSK!

BabelFish aggregates liquidity from various issuers and chains, and has quickly become the largest stablecoin on RSK. The meta-stablecoin XUSD reached $10mn in deposits within two months of being live on mainnet.

The amount of…

Published on May 1, 2021 (https://babelfish.money/d37db0a0bdca4ccab207cdcda0dadcaa)

As you can guess by now, our name BabelFish is inspired from Douglas Adam’s The Hitchhiker’s Guide to the Galaxy, a wholly remarkable best-selling book. …

Published on May 1, 2021 (https://babelfish.money/edc9af2675f948669efb7538c69c90ba)

If you can’t explain it simply, you don’t understand it well enough.

First, let’s see how fiat-backed stablecoin issuers such as USDC and USDT work in essence:

  1. User sends fiat to issuer
  2. Issuer mints stablecoin to user
  3. Issuer invests collateral in short-term fiat money…

Published on May 1, 2021 (https://babelfish.money/c286b7e685df4851a859a13f7747735d)

Today there are five stablecoins with at least $1bn in crypto-USD float, there are many more with less than that…they are different brands with different unique selling points and so do not translate 1:1. As stablecoins bloom and DeFi markets grow beyond Ethereum to…

Published on May 1, 2021 (https://babelfish.money/eb506e0663d94a17a0bab6c499ddced5)

Futarchy governance is a priority to build an interest-driven decentralised protocol.

FISH token emission is based on the time and amount of the user’s transactions and given to users to vote on the protocol’s decisions and parameters.

Any experimenter can join BabelFish.Money’s alpha and get symbolic FISH, which will be handsomely rewarded to our early community of experimenters. This is an experiment.

Please be aware of the risks involved in reinventing money with DeFi.

FISH governance supply

The total number of FISH issued by a protocol is arbitrary, we like the number 42 because it is 21x2 and have settled on a total token supply of 420,000,000 FISH 🐡

BableFish SIP on SOVRYNS Bitocracy

An important step towards launch of BabelFish on SOVRYN platform was taken. A final proposal was posted on SOVRYN forum and pulled in Github.

It was not easy task for BableFish team who works across different time-zones, but a lot of effort was taken to…

There are dozens of stablecoins out there. On one end there are those with off-chain collateral (fiat, gold, silver), and on the other end those backed by on-chain crypto-assets. …

Babel Fish

BabelFish.money - stablecoin aggregator and liquidity provider. Issuer of XUSD - meta-stablecoin with biggest MC on RSK chain.

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