TLDR
- Stable’s Phase 2 adds wallet caps after $825M Phase 1 backlash.
- New rules aim to stop whales from dominating token predeposits.
- Fairness focus: wallet limits, eligibility checks, 24h countdown.
- Users doubt if new controls can fix insider early access issues.
- Stable’s Layer 1 aims to rebuild trust with fairer Phase 2 launch.
Stable is set to launch Phase 2 of its predeposit campaign next week, introducing new wallet rules after fairness concerns in Phase 1. The project enables users to deposit stablecoins like USDT in exchange for future rewards tied to the upcoming native token. After early access accusations marred the first round, the new phase places tighter controls to ensure broader participation.
Phase 2 Launch Brings Wallet Restrictions and Deposit Limits
Stable confirmed that Phase 2 of its predeposit campaign will maintain a total deposit cap similar to Phase 1. However, the new phase will enforce per-wallet deposit limits and apply individual wallet eligibility criteria. These changes aim to create a level playing field and reduce the dominance of large participants.
Excited to announce that Phase 2 of the ecosystem-led Pre-Deposit Campaign is launching next week.
Here’s what to expect:
• 24-hour countdown
• Fixed total deposit cap
• Per-wallet deposit limits
• Individual wallet requirementsCheck back here for more information.
— Stable (@stable) October 29, 2025
The first phase reached its $825 million cap in under 25 minutes, excluding many users. This rapid closure led to widespread complaints about fairness across the digital asset community. The project did not confirm whether the same deposit cap will apply in Phase 2.
Stable stated that more campaign details will appear on its official X account, including the exact start time and technical instructions. The team also plans to implement a 24-hour countdown before the deposit window opens. The predeposit campaign remains a key initiative in driving engagement ahead of the platform’s full network launch.
Community Questions Fairness After Early Access in Phase 1
On-chain data revealed that several large wallets submitted deposits before the campaign was publicly announced. These early transactions triggered accusations of front-running by insiders or privileged users. Community members responded by demanding transparency and better safeguards in Phase 2.
Public comments under Stable’s X announcement expressed skepticism about the updated rules. Many questioned whether wallet-based restrictions would prevent the same issues from recurring. Although Stable introduced new controls, it has not addressed the claims or explained how it will enforce fair access.
Concerns now center on how the campaign can remain inclusive without giving insiders an edge. Stable has yet to respond to users who asked for clear timelines and stronger anti-bot mechanisms. The predeposit campaign remains under scrutiny as the project prepares to reopen deposits.
Stable Continues Building Blockchain Infrastructure for Stablecoin Use
Stable is developing a high-throughput Layer 1 blockchain optimized for stablecoin payments and decentralized applications. Backed by Bitfinex and USDT0, the project aims to process large volumes of USDT transactions across multiple on-chain services. The ecosystem is structured to reward early users and secure initial liquidity through the predeposit campaign.
The predeposit campaign plays a central role in bootstrapping participation and token distribution for Stable’s upcoming network. However, trust in the process has been shaken by the handling of Phase 1. To restore confidence, Stable must demonstrate transparency and fairness when Phase 2 launches.
Execution will determine its success with regular users. Stable said it would publish further instructions before launch, but community concerns persist. As the predeposit campaign continues, Stable faces pressure to meet expectations and deliver a fairer process this time around.
