Stable Controversially Pre-Fills $825 Million Vault

Following the initial success of Plasma, the Bitfinex-backed Layer 1 blockchain, traders and investors have been looking at Stable as the next stablechain opportunity. However, when Stable opened up public deposits to its capped vault yesterday, retail users found that the team had pre-filled the vault before the public even had a chance.

Notably, $500 million of the total $825 million cap was pre-filled by a cluster of ten wallets directly linked to the Stable Vault owner, implying that the team took 60% of the initial allocation.

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