The Stacks ecosystem stablecoin protocol, Arkadiko Protocol, will launch version 2.0 in 2024

Bitcoin Layer2 network Stacks ecosystem stablecoin protocol Arkadiko Protocol has announced its 2024 roadmap, which will include the Arkadiko 2.0 upgrade. This upgrade will improve the core architecture of the protocol to adapt to changes in the market and technological environment over the past few years. Specifically addressing stability issues with its stablecoin USDA, Arkadiko will introduce a new Vault exchange mechanism that allows anyone to arbitrage USDA at a price of $1.

In addition, Arkadiko will launch a new StableSwap program and plans to achieve stablecoin liquidity through Bitflow. Arkadiko will also support the first liquidity stacking token stSTX on the Stacks blockchain as collateral for Arkadiko Vaults.