🤔 What is Pancake StableSwap? What does it offer to Defi users?
🆕 We recently launched a new exciting feature called StableSwap.
Users can trade stable pairs with a lower slippage based on an invariant curve algorithm.
StableSwap is designed to swap specific assets that are priced closely - such as USD stablecoins ( e.g., HAY, BUSD, USDT, and USDC) or liquid staking tokens (e.g., stkBNB).Currently, the stable pair USDT/BUSD has done over $5.7M in trading volume.
💡 What are the advantages of StableSwap? - Trade large amounts of stables with minimal price impact, and low slippage - Trade stables with a low fee of 0.04%, compared to 0.25% on normal swaps - The impermanent loss is not as much of a concern (except in extreme depeg cases)
🧐 Which stable pairs are available on Pancake StableSwap? HAY-BUSD USST- BUSD USDC-BUSD USDC-USDT Moving forward, We are exploring more pairs for the other pegged tokens (Eg. BNB).
👉 Now you know what Pancake StableSwap is, start trading now: https://pancakeswap.finance/swap
📚 Want to learn more? Do check out this doc: https://docs.pancakeswap.finance/products/stableswap
