What makes slippage so low when swapping between stablecoins?
Curve launched its own stablecoin, crvUSD, using a gradual liquidation mechanism called LLAMMA. Curve’s StableSwap is an AMM designed specifically for assets with similar prices, such as different stablecoins, and ETH and stETH.
StableSwap concentrates liquidity around a 1:1 ratio, so in a pool of the same size, slippage is much lower when swapping pegged assets.
$CRV is Curve’s protocol token. Locking it allows holders to participate in voting.
#CRV
Curve launched its own stablecoin, crvUSD, using a gradual liquidation mechanism called LLAMMA. Curve’s StableSwap is an AMM designed specifically for assets with similar prices, such as different stablecoins, and ETH and stETH.
StableSwap concentrates liquidity around a 1:1 ratio, so in a pool of the same size, slippage is much lower when swapping pegged assets.
$CRV is Curve’s protocol token. Locking it allows holders to participate in voting.
#CRV