StableSwap at JUMBO Exchange 🐘

We have been working on making the StableSwap available on our platform for a long time and are finally happy to introduce it.

What is StableSwap?

StableSwap is a fully autonomous market-maker for stablecoins with very minimal price slippage, as well as an efficient «fiat savings account» for liquidity providers on the other side. It provides a mechanism to create cross-markets for stablecoins in a way which could be called «Uniswap with leverage».

Stablecoins are tokens that have a constant price, such as USDT, which is pegged to the dollar and equals $1. They however have a problem of price stability and liquidity, which is especially painful for DeFi arbitrage. And then along comes StableSwap, an automated liquidity provider for stablecoins.

Details about how it works you can read in tech docs.

Features and benefits

We’ve already figured out that StableSwap is designed to work with stablecoins, that is, those whose price is fixed. Obviously, this allows you not to lose money by increasing or decreasing the value of tokens, operating with stabelcoins. Thus, it is possible to perform all usual operations with stabelcoins: exchange, making profit by providing liquidity or farming.

Now we can already announce the placement of four stabelcoins on JUMBO Exchange and the corresponding paired pools: USDT, USN!

Two stablecoin pool example.

StableSwap allows users to experience even more significant benefits. For example it offers an automated exchange with very low price slippage (usually 100 times less). One more favor — a very low fee, much less than 1%.

Everything occurs without intermediaries responsible for the trade, such as exchange owners, no orders, and no market make.

Expect more 🐘 JUMBO Exchange development news and stay tuned. We have many more exciting releases coming that will transform our DEX.