BIP-0006 Receives Unanimous Support! Upcoming Votes on BIP-0005 and BIP-0007

Babel Fish
2 min readJun 7, 2023

We are delighted to announce that BIP-0006: Staking Bug Fix (to Prevent Reverting Delegated Voting Power) has received unanimous support from the community! We extend our sincere appreciation to all who participated in the voting process.

The fix to the Staking Contract will be applied today, what will ensure us to have to have more robust and secure platform, setting the stage for two upcoming crucial votes: BIP-0005: Emergency Deposit Pause Feature (2nd approach) and BIP-0007: Balancing Curves. These votes are scheduled for tomorrow (June 8th, 2023) at 7 AM UTC and mark significant milestones in our protocol’s development.

To familiarize yourself with the final proposals, please visit our forum:

We would like to remind you that the initial parameters of Balancing Curves are set to a neutral state, ensuring no immediate impact on existing swaps between stablecoins. However, your voice matters in determining the parameters that will govern the behavior of these curves. Be ready for the upcoming vote next week to have a say in optimizing the asset balancing within the BabelFish aggregator.

We were delighted to witness such overwhelming support for BIP-0006, and we would be thrilled to receive a similar level of engagement and backing for the upcoming votes. Your active participation and thoughtful contributions are vital in shaping the trajectory of BabelFish.

Let us continue this journey together, building a decentralized finance ecosystem that empowers users and drives innovation. Stay tuned for further updates, and get ready to make your voice heard in the upcoming votes.

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Babel Fish

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