Stasis : the AuroraSwap StableSwap is out TODAY
Stasis Pool: USDC-USDT-BUSD
Users can use Stasis Stableswap to swap their stables with extremely low slippage and fee or provide liquidity and earn JUICY APR (8719% right now) in AuroraSwap farms!
You can bridge BUSD to Aurora chain using MultiChain (AnySwap) bridge:
Cheaper Better Faster
Stasis StableSwap offers:
- 15X lower exchange fee (0.02%)
- ~500X smaller slippage
Stasis is a decentralized automated market maker (AMM) on the AuroraSwap, optimized for trading pegged value crypto assets with minimal slippage.
Stasis liquidity pools implement the StableSwap mathematical formula to reduce slippage and keep the market liquid. First introduced by Curve, Stableswap is a hybrid algorithm. The Stableswap hybrid combines both Constant Product and Constant Sum models.
What are Pegged Value Crypto Assets (Pegged Assets) ?
Stablecoins are cryptocurrencies whose value is pegged to another asset class to stabilize its price. The pegged asset can be a fiat currency like US$, or a real-world commodity like gold. Based on the pegging mechanism, stablecoins can be divided into several groups:
Fiat-collateralized stablecoins — E.g., USDC, USDT, BUSD
Commodity-collateralized stablecoins — E.g., DGX (backed by Gold), SRC (Real Estate)
Crypto-collateralized stablecoins — E.g., DAI
Algorithmic stablecoins — E.g., FRAX, AMPL
Best wishes, AuroraSwap Team