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BitStable Finance
About BitStable Finance
BitStable Finance (BSSB) is a decentralized asset protocol on the Bitcoin blockchain that enhances asset liquidity through a dual-token system and cross-chain compatibility. The BSSB token is primarily used for governance within the BitStable protocol, allowing token holders to vote on decision-making processes, submit proposals, and engage in governance activities. The system includes security features like delay periods for major decisions and incentives for active participants. Additionally, BitStable employs a dual-token system consisting of DAII, a stablecoin pegged to the US dollar, and BSSB, a governance token, which allows the creation of DAII by collateralizing approved assets and includes mechanisms for staking both DAII and BSSB, with incentives and mining boosts.
BitStable Finance is a decentralized asset protocol on the Bitcoin blockchain. It offers a unique framework for the creation, trade, and management of synthetic assets, enhancing asset liquidity on the Bitcoin chain through a dual-token system and a cross-chain compatible structure.
The BSSB token is primarily used for governance within the BitStable protocol. Token holders can vote on decision-making processes, submit proposals for changes or enhancements, and engage in the protocol's governance activities. The system also includes security features like delay periods for major decisions and incentives for active participants. Additionally, BitStable employs a dual-token system consisting of DAII, a stablecoin pegged to the US dollar, and BSSB, a governance token. This system allows the creation of DAII by collateralizing approved assets and includes mechanisms for staking both DAII and BSSB, with incentives and mining boosts.