SushiSwap’s Stable Pools Is Now Live On Polygon, Optimism, Metis, Kava
SushiSwap announced that the 2nd pool type for Trident, the Stable Pools, is now live on Polygon, Optimism, Metis, and Kava. Users can swap stablecoins and related tokens (WBTC, renBTC, etc.) at low slippage.
SushiSwap announces that the second pool type for Trident, the Stable Pools, is now live on Polygon, Optimism, Metis, and Kava and is quick to be utilized.
Trident is a production framework for developing and delivering AMMs; however, it is not an AMM in and of itself. While AMMs may be constructed using the Trident code, there is no specific AMM at the heart of Trident; rather, there is a framework for developing any AMM anybody would ever require. Users may now trade on a new formula with the second kind, Stable Pools, which is good for minimizing price repercussions across like-kind assets.
It allows users additional market-making flexibility, bringing them a whole new set of options. For example, if users wanted to exchange some DAI for USDC, they may do so using the Swap page as usual and expect to see a near-zero price effect under typical market conditions.
This is the primary issue that Stable Swaps and Pools are attempting to address: providing users with a more intuitive exchange of essential assets while also providing another fee-generating channel for those who desire to market-build and earn on their own Stable Pools.
Stable Pools function by concentrating liquidity around the price of one for each item in the pool, keeping it balanced and liquid in various trading environments.
A user may, for example, earn 1 USDC for every 1 DAI traded or 1 renBTC for every 1 WBTC. This 1-1 asset mapping not only enables low price effect Stable Swaps, but it also provides consumers with a straightforward method to know nearly precisely how much they will receive in their transactions.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Author
DeFi
SushiSwap’s Stable Pools Is Now Live On Polygon, Optimism, Metis, Kava
SushiSwap announced that the 2nd pool type for Trident, the Stable Pools, is now live on Polygon, Optimism, Metis, and Kava. Users can swap stablecoins and related tokens (WBTC, renBTC, etc.) at low slippage.
SushiSwap announces that the second pool type for Trident, the Stable Pools, is now live on Polygon, Optimism, Metis, and Kava and is quick to be utilized.
Trident is a production framework for developing and delivering AMMs; however, it is not an AMM in and of itself. While AMMs may be constructed using the Trident code, there is no specific AMM at the heart of Trident; rather, there is a framework for developing any AMM anybody would ever require. Users may now trade on a new formula with the second kind, Stable Pools, which is good for minimizing price repercussions across like-kind assets.
It allows users additional market-making flexibility, bringing them a whole new set of options. For example, if users wanted to exchange some DAI for USDC, they may do so using the Swap page as usual and expect to see a near-zero price effect under typical market conditions.
This is the primary issue that Stable Swaps and Pools are attempting to address: providing users with a more intuitive exchange of essential assets while also providing another fee-generating channel for those who desire to market-build and earn on their own Stable Pools.
Stable Pools function by concentrating liquidity around the price of one for each item in the pool, keeping it balanced and liquid in various trading environments.
A user may, for example, earn 1 USDC for every 1 DAI traded or 1 renBTC for every 1 WBTC. This 1-1 asset mapping not only enables low price effect Stable Swaps, but it also provides consumers with a straightforward method to know nearly precisely how much they will receive in their transactions.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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