🔐 Stabble Security Update We've been deep in the GitHub repos today. Here's where we stand: Smart contracts going public, just like every credible Solana protocol (Orca, Raydium, Kamino). Our goal: reach the DeFi standard and let anyone build on top of Stabble's smart contracts.

CeFi: "Trust me, bro." Prop AMM: "Trust our black box." DeFi: "Read the code." All our code is public now. No hidden logic. No hidden counterparties. No keys that threaten funds. Just peers trading with peers.

LPs! Stabble is open. The security overhaul is in place. Multisig hardened, 24h timelock active, contracts going open source, monitoring will soon be live. We've done the work. Now its time to go back to get 15-20% on stable coins on solana! LPs: 👇 🔗 app.stabble.org

RT @solsticefi: Flares Season 1 is complete. Registration for your SLX is now open. Here's the flow: 1. Connect your Season 1 wallet 2. R…

Our latest update: We can confirm now until one year ago we had a NK developer in the team. He was backed by other north Korean that supported his work. We thank @derparsel and @zachxbt for their work. Historically we have done audits with Sec3 and neodyme – everything looked good, by the time NK developer was still part of the team. For more check here: github.com/stabbleorg/audit-… We are now in contact with new auditing firms, to do additional audits and testings. This should have been happening already a long time ago. Further, we are in contact with intelligence and major Solana defi protocols who are supporting us in this critical times: Our bottleneck: The new team took over the protocol at bankruptcy, meaning no funds left. We had a strategy to save funds like a squirrel, make buyback and grow the project. This has worked really well the first 4 weeks. TVL doubled, also thanks to 1mio whale, and amplification factors and fee level being optimized. The path was set. Now, we need to get funds together to finance all of these audits. This kills our initial strategy. The new team believes in the product, we are a balancer based AMM model, with super high velocity and integrated in all major aggregators. We are permissionless, no prop AMM, you can actually use us and get yield over 10%. Uhh did you say Balancer? Yes balancer, and not hacked. Last men standing. The new teams are defi degens and quants, and we know how difficult it is to accumulate return on investment, that’s why we wanted to protect our LPs first. Event if the probability for an exploit was low. Better safe than sorry. We prefer to die as protocol, over a small risk of being exploited. If you like what the new team does, we are happy if you follow up on us, and once we are 99.99% secure, get some yield on BTC or USD. For the moment please don’t deploy liquidity, ideally withdraw. We have various products in mind that we can build with the current smart contract infrastructure that will blow your mind and it would be a pity if we disappear. Still better than risking capital of our LPs. A few takes for people running DeFi projects. #1 Check everyone in your team personally, don’t employ people you don’t know, don’t hire people by reputation – get to know them personally. #2 Build a communication channel to your LPs. We had a telegram LP group, most of our major LPs were in their and withdrew money before we pushed our public “EMERGENCY” statement.

you are right, the product is hyper efficient, velocity at its best, permissionsless for everyone. Just one huge bottlenack, that was openly communicated by us. Now we want to become super safe and then scale again. Better safe than sorry.

We will spent the day in deep conversations with auditors. At 10pm CET tonight, we will share concrete updates. Thank you for your patience. We have a lot more to tell.

Better to pause and secure than rush and regret.

🚨New: Solana based DEX @stabbleorg, which has about $2 million in TVL, urged users to withdraw liquidity “temporarily” as a precaution while its new team conducts fresh audits,

We are actively working with leading auditors in the space to ensure stabble returns as a fully secure protocol.

There has been no exploit. We received a message and are acting on it, our primary focus is the safety of our LPs. We're not PR people, we're quants and early DeFi degens. We hear you, and your feedback matters.

To be safe - everyone please temporally withdraw your liquidity instantly ! Better safe than sorry. This is the new team from stabble, that aimed to repair the project. We will do new audits to be safe about our LPs. Then we can continue. Safety first.

EMERGENCY ! guys please temporally withdraw your liquidity instantly ! Better safe than sorry. The new stabble team.

GM comeback 🫡 - where are we heading with the new team ?

stb's underrated honestly

Important announcement: We will delist our $STB token from @Gate on 8 April. After considering the costs of keeping the token on Gate and the negative side effects of the token being traded against USDC (spreads, arbitrage), we decided to delist our token there. In the long term, this will help us make $STB buybacks more effective since they won't be affected by arbitrage traders between the DEXs and Gate. Please withdraw your funds from Gate by 8 April. This has no impact on our token being traded on DEXs. For the best price, always use Jupiter.

The last 7 days show a clear spike in USDG rates across different vaults. You can see it consistently across @JupiterExchange , @kamino and @uselulo . The move seems to be coming from borrow-side incentives on USDG. Both Kamino vaults in the top are USDG-related. That kind of alignment usually means demand for USDG liquidity is increasing, and rates are adjusting everywhere at the same time. Stable LPs on @stabbleorg have also grown, the growth there is best explained by higher stablecoin volume. More volume across stable pairs means more swap fees for LPs, which directly lifts yield.