Stable

Purpose: Provide early liquidity to the Stable Network ahead of the Stable Network launch. 

When you deposit into the Stable vault:

• Your funds are deployed into Morpho strategies.

• You earn Concrete Points for participation.

• For added yield, you can easily participate in the Stable Pendle Looping vault by depositing your vault shares ctStableUSDT or ctStablefrxUSD (coming soon).

Any rewards earned will be distributed via Merkl. 

Timeline

1. Deposits Open — Users can deposit into Stable vaults (23 Oct).

2. Claim — Users will claim their vault shares on Stable, which burns the existing vault shares on Ethereum L1 and mints the same number of new shares on the Stable Network. (Late Nov).

3. Withdrawals Queue Enabled — Once bridging completes, users can enter a 7 day withdrawal queue (13 Dec).

4. 7-Day Withdrawal Queue — After initial unlocks, withdrawals follow a standard queue for smooth liquidity management.

💡 Any funds left in the Stable vault after migration will continue to earn yield directly on the Stable Network.

Read more about the Stable vaults.