A few things to know about stablecoin swap pools:
1) Curve’s StableSwap is an AMM designed for assets with similar prices, such as swapping between different stablecoins or between ETH and stETH.
2) Near a 1:1 price ratio, the StableSwap curve approximates a constant sum (x + y = k). The farther the ratio moves from 1:1, the closer the curve gets to a constant product.
3) Before swapping, it’s worth checking the proportions of each coin in the pool. If one coin’s proportion is unusually high, it’s often interpreted as a sign that people are selling that coin.
$CRV is Curve’s protocol token. Locking it up lets you participate in voting. It’s currently at 0.3581.
#CRV
NFA, DYOR.
1) Curve’s StableSwap is an AMM designed for assets with similar prices, such as swapping between different stablecoins or between ETH and stETH.
2) Near a 1:1 price ratio, the StableSwap curve approximates a constant sum (x + y = k). The farther the ratio moves from 1:1, the closer the curve gets to a constant product.
3) Before swapping, it’s worth checking the proportions of each coin in the pool. If one coin’s proportion is unusually high, it’s often interpreted as a sign that people are selling that coin.
$CRV is Curve’s protocol token. Locking it up lets you participate in voting. It’s currently at 0.3581.
#CRV
NFA, DYOR.