BIP-0005 Emegrecy Deposit Pause & BIP-0007 Balancing Curves Votes Get 100% Support

Babel Fish
2 min readJun 9, 2023

We are thrilled to announce that both BIP-0005, the Emergency Deposit Pause Feature, and BIP-0007, Balancing Curves, have received 100% support from our incredible community! We extend our heartfelt thanks to all the community members who actively participated in the voting process and made this significant achievement possible.

The Balancing Curves proposal holds immense potential to revolutionize the way asset balancing is handled within the BabelFish aggregator. By optimizing the allocation of stablecoin baskets and implementing appropriate parameters for maximal fees and rewards, our aim is to enhance the efficiency and effectiveness of swapping between stablecoins. We are excited to share that next week, we will proceed with the first vote to set the Balancing Curves parameters. Our team is diligently working on the draft proposal, which will soon be published on our forum to initiate a constructive and engaging community discussion. We value your input and invite you to actively participate in shaping the future of BabelFish.

We want to acknowledge the incredible support and dedication of our community. While they may be quiet on our channels at times, when it comes time to act and vote, their passion and care shine through. Your active participation and engagement in the decision-making process are what drives us forward. Together, we can continue to innovate and propel BabelFish towards new horizons.

Stay tuned for further updates, join the conversation, and let’s continue our journey together!

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Babel Fish

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