StabilityDAO Raises xSTBL Exit Fee from 50% to 80%
StabilityDAO Raises xSTBL Exit Fee from 50% to 80%
💸 Exit fees just jumped
StabilityDAO has implemented SIP-1, increasing the instant exit fee for xSTBL tokens from 50% to 80%.
Key Changes:
- Parameter: xSTBL instant exit fee
- Old value: 50%
- New value: 80%
Strategic Goals:
- Reduce instant exits from the protocol
- Increase PvP rewards for remaining participants
- Better position xSTBL as an incentive mechanism
The proposal passed through governance and aims to strengthen the protocol's tokenomics by discouraging quick exits while rewarding long-term participants.
SIP-1: xSTBL instant exit fee 50% -> 80% Changes: - Type: Change DAO parameter - Parameter: xSTBL instant exit fee - Old value: 50% - New value: 80% Goals: - Fewer instant exits - More PvP rewards - Better setup for use xSTBL as incentives Link: snapshot.box/#/s:stabilityd…
🏛️ Stability DAO Launches
**Stability DAO** has officially launched with a governance model based on staking mechanics. **Key Features:** - 1 STBL_DAO token = 1 staked xSTBL (minimum 4,000 voting power required) - **Revenue distribution**: 80% to xSTBL stakers, 20% to recovery system - Governance via snapshot proposals for protocol management - Cross-chain voting power distribution for MetaVault allocations The DAO enables decentralized governance over the protocol's development and tokenomics through incentivized voting mechanisms. [Learn more](https://stabilitydao.gitbook.io/stability/stability-dao/governance) | [Vote on Snapshot](https://snapshot.box/#/s:stabilitydao.eth)
Stability DAO Recovery Update
**Stability DAO provides recovery update** following Credix exposure incident in MetaVaults affecting $7.3M across multiple tokens. **Recovery Progress:** - Recovery tokens distributed ✓ - Recovery pools created ✓ - Large pool distributions completed - Small pools still pending **Key Details:** - 1:1 recovery token ratio for affected MetaVault tokens - Only balances >$50 qualified for recovery tokens - Small balances already compensated - Automatic buybacks enabled within one week **Next Steps:** - Direct compensation begins when pools reach 1:1 price - Users must verify addresses in [documentation](https://stabilitydao.gitbook.io/stability/risks/accident1#affected-protocols-users) - Check REC* token balances on Shadow **Missing from lists?** Create Discord ticket with: address :: protocol :: vault :: amount :: tx hash Stability DAO commits 20% of platform income to compensation fund until full repayment achieved.
Stability Farm Season 1 Silo Points Claim Now Live
**Season 1 Silo Points claiming is now active** on Stability Farm's platform. Users can access their **wS claims through the Leaderboard section** at [stability.farm/leaderboard](https://stability.farm/leaderboard). This follows the platform's recent launch of leveraged farming opportunities, including: - **17x leverage capabilities** - Sonic AP multiplier at **x139.2** - Leveraged Silo Points multiplier at **x25.6** **Action required:** Visit the leaderboard to claim your Season 1 rewards.
Stability Metavaults Exploit Update: Funds Recoverable via Credix
Stability has confirmed their Metavaults were impacted by an exploit at Credix, not due to any vulnerability in Stability's own smart contracts. Key points: - Main platform remains secure and operational - Credix team confirms affected funds are recoverable - Recovery process actively underway - Regular updates promised via social channels *The rest of Stability's infrastructure continues to function normally while the team works with Credix on fund recovery.*