Let’s talk about stablecoin swap pools.
Curve launched its own stablecoin, crvUSD, which uses a soft liquidation mechanism called LLAMMA.
One thing many people overlook: when a stablecoin in a pool becomes relatively cheap, arbitrageurs buy it to profit from the price difference, while pushing the pool back toward balance.
Before swapping, it’s worth checking the proportions of each coin in the pool. If one coin’s share is notably high, it’s often interpreted as a sign that funds are selling that coin.
$CRV is Curve’s protocol token. Locking it lets you participate in voting. Its current price is 0.3524.
#CRV
Curve launched its own stablecoin, crvUSD, which uses a soft liquidation mechanism called LLAMMA.
One thing many people overlook: when a stablecoin in a pool becomes relatively cheap, arbitrageurs buy it to profit from the price difference, while pushing the pool back toward balance.
Before swapping, it’s worth checking the proportions of each coin in the pool. If one coin’s share is notably high, it’s often interpreted as a sign that funds are selling that coin.
$CRV is Curve’s protocol token. Locking it lets you participate in voting. Its current price is 0.3524.
#CRV