For large stablecoin swaps, why can slippage be kept so low?
Constant-product AMMs spread liquidity across every price from 0 to infinity. For assets that should trade at a 1:1 rate, most of that liquidity is effectively unusable.
Near the 1:1 price, the StableSwap curve approximates a constant-sum curve (x + y = k); the farther the price moves from 1:1, the more the curve resembles a constant-product curve.
At first, I thought all I needed to do was learn to read candlestick charts. Turns out, understanding the rules is the real beginner lesson.
Every kind of yield comes with its own risks. Think carefully about how much you could lose in the worst case.
$CRV 0.3581（+4.34%）
NFA. Do your own research.
Constant-product AMMs spread liquidity across every price from 0 to infinity. For assets that should trade at a 1:1 rate, most of that liquidity is effectively unusable.
Near the 1:1 price, the StableSwap curve approximates a constant-sum curve (x + y = k); the farther the price moves from 1:1, the more the curve resembles a constant-product curve.
At first, I thought all I needed to do was learn to read candlestick charts. Turns out, understanding the rules is the real beginner lesson.
Every kind of yield comes with its own risks. Think carefully about how much you could lose in the worst case.
$CRV 0.3581（+4.34%）
NFA. Do your own research.