๐๏ธ Today's key takeaway: Stablecoin exchange pools
StableSwap's curve approaches constant sum (x + y = k) when the price is near 1:1. The further it moves from 1:1, the closer the curve gets to a constant product.
Before exchanging, check the share of each coin in the pool. An unusually high share of a particular coin is often interpreted as funds selling off that coin.
Make sure you understand the rules before getting started; don't place trades based on gut feeling.
$CRV is Curve's governance token. Locking it lets you participate in voting. Currently at 0.2708.
StableSwap's curve approaches constant sum (x + y = k) when the price is near 1:1. The further it moves from 1:1, the closer the curve gets to a constant product.
Before exchanging, check the share of each coin in the pool. An unusually high share of a particular coin is often interpreted as funds selling off that coin.
Make sure you understand the rules before getting started; don't place trades based on gut feeling.
$CRV is Curve's governance token. Locking it lets you participate in voting. Currently at 0.2708.