🧪@osmosiszone has launched a new stablecoin trading exchange for the #CosmosEcosystem⚛️
🎉Osmosis Stableswap
What is #Stableswap and how it will benefit the Ecosystem, find out in the thread...👇🧵
🎉Osmosis Stableswap
What is #Stableswap and how it will benefit the Ecosystem, find out in the thread...👇🧵
1/
With the arrival of various bridging solutions like Axelar and Gravity Bridge, many Ethereum-based stablecoins have joined #Cosmos ( $USDC, $USDT, $BUSD, $DAI). So the stableswap pools will get a great deal of use, especially as the ecosystem further matures.
With the arrival of various bridging solutions like Axelar and Gravity Bridge, many Ethereum-based stablecoins have joined #Cosmos ( $USDC, $USDT, $BUSD, $DAI). So the stableswap pools will get a great deal of use, especially as the ecosystem further matures.
2/
Osmosis Stableswap AMM is similar to other stablecoin exchanges, leveraging "curve algorithm" that concentrates tokens in asset pools in a way that traders can exchange large amounts of stablecoins with minimal price impact or fluctuations in value.
Osmosis Stableswap AMM is similar to other stablecoin exchanges, leveraging "curve algorithm" that concentrates tokens in asset pools in a way that traders can exchange large amounts of stablecoins with minimal price impact or fluctuations in value.
3/
The Benefits of Stableswap
➡️Traders (receive substantially better pricing)
➡️#DEXs (save on incentives since stableswap liquidity is more efficient than classic, non-concentrated AMM liquidity)
The Benefits of Stableswap
➡️Traders (receive substantially better pricing)
➡️#DEXs (save on incentives since stableswap liquidity is more efficient than classic, non-concentrated AMM liquidity)
4/
➡️Lending apps, strategy vaults, derivatives protocols, and their users, enjoy access to cheaper, more effective stablecoin liquidity.
➡️In turn, protocols are able to offer better pricing without having to spend as much on incentives.
➡️Lending apps, strategy vaults, derivatives protocols, and their users, enjoy access to cheaper, more effective stablecoin liquidity.
➡️In turn, protocols are able to offer better pricing without having to spend as much on incentives.
5/
In addition to hosting stablecoin trading, Stableswap also allows quasi-pegged assets like liquid staking derivatives to be traded with their corresponding native assets with similar efficiency (ATOM/stATOM).
In addition to hosting stablecoin trading, Stableswap also allows quasi-pegged assets like liquid staking derivatives to be traded with their corresponding native assets with similar efficiency (ATOM/stATOM).
6/
Enabling the flow of Stablecoin Liquidity on Cosmos
With all those upgrades @osmosiszone could become the Cosmos-equivalent to @ethereum's main stablecoin exchange @CurveFinance🚀
Enabling the flow of Stablecoin Liquidity on Cosmos
With all those upgrades @osmosiszone could become the Cosmos-equivalent to @ethereum's main stablecoin exchange @CurveFinance🚀
7/
Stableswap in context, its technical features and other details can be found in the technical write-up
Sources👇
🔧Github: github.com/osmosis-labs/o…
🖋️Medium: osmosis.zone/blog/osmosis-d…
Stableswap in context, its technical features and other details can be found in the technical write-up
Sources👇
🔧Github: github.com/osmosis-labs/o…
🖋️Medium: osmosis.zone/blog/osmosis-d…
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