Maintenance Mode Lifted — Staking Re-Enabled

Babel Fish
1 min readApr 15, 2023

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We are pleased to inform you that maintenance mode has been lifted and staking has been re-enabled. However, we have discovered a minor front-end bug that is currently preventing creating new stakes or extending existing stakes with a duration that goes beyond August 6th, 2024. We were able to precisely identify the cause of this issue, and are working on correcting this to allow staking for the full duration allowed by the contract, and will keep you updated on our progress.

In the meantime, we want to assure our long-term stakers that they have not been forgotten. We are actively working on developing Balancing Curves feature, which is our top priority at the moment. Once completed, this algorithm will enable us to generate revenue that will be used to incentivize balancing stablecoin baskets by the users, but also a portion of this revenue could be used as one of the forms of rewards for our stakers. Ultimately it will be decided by the community.

Furthermore, we are preparing for another round of important votes, which we hope to hold next week.

Stay tuned for more details and thank you for your continued support.

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Babel Fish

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