Stable is set to launch Phase 2 of its pre-deposit campaign next week, introducing stricter rules to address widespread fairness concerns that emerged during Phase 1. The initial phase saw its $825 million cap reached in under 25 minutes, leading to accusations of insider early access and exclusion of many users. In response, Phase 2 will enforce per-wallet deposit limits, individual wallet eligibility criteria, a fixed total deposit cap, and a 24-hour countdown before the deposit window opens to ensure broader participation.
Community feedback highlighted on-chain data revealing large wallets submitting deposits before public announcements, fueling skepticism about transparency. Stable's announcement on X emphasized, "Excited to announce that Phase 2 of the ecosystem-led Pre-Deposit Campaign is launching next week... with per-wallet deposit limits and individual wallet requirements." However, the project has not confirmed if the total cap remains identical to Phase 1's $825 million, and users continue to question whether the new controls can prevent front-running by privileged participants.
Stable, a Layer 1 blockchain backed by Bitfinex and optimized for USDT transactions, aims to rebuild trust through these measures as part of its broader effort to bootstrap liquidity and engagement ahead of its full network launch. The team plans to publish detailed instructions and timelines on its official X account, but persistent community concerns underscore the pressure to deliver a fairer process this time.
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