Why is slippage so low when swapping between stablecoins?
Curve launched its own stablecoin, crvUSD, which uses a gradual liquidation mechanism called LLAMMA.
When a stablecoin in the pool appears undervalued, arbitrageurs will swap it out to profit from the price difference, while pushing the pool back toward balance.
$CRV is Curve’s governance token. Locking it up lets you participate in voting.
#CRV
This is not financial advice. Make your own decisions when trading.
Curve launched its own stablecoin, crvUSD, which uses a gradual liquidation mechanism called LLAMMA.
When a stablecoin in the pool appears undervalued, arbitrageurs will swap it out to profit from the price difference, while pushing the pool back toward balance.
$CRV is Curve’s governance token. Locking it up lets you participate in voting.
#CRV
This is not financial advice. Make your own decisions when trading.