Today's Space Summary Project Information 4: A Brief Introduction to @bitCow_AMM

The following is a personal note, for sharing only, and does not constitute an investment advice. If there are any errors, please correct them.

1. Brief Introduction

A curve-like stablecoin incubated by bitsmiley, a swap defi product. We hope to carry the liquidity of stablecoins on bitsmiley and Merlin, and help users get more risk-free returns on our products.

2. Innovation

Then, as a swap product, we have two biggest innovations for other similar products.

1. External oracle and dynamic liquidity adjustment mechanism. Realize that our users' LP can achieve a zero error loss function.

2. Dual LP token mechanism. It allows users who provide LP tokens to have more transparent profits and losses. Because the LP users of the previous AMM method, their income is bilateral. After introducing this mechanism, we can achieve that users get pure left or pure right income, making their profits and losses more transparent.