WingRiders' StableSwap pools bring several benefits for traders, liquidity providers, and Cardano in general:.
26 Jul 2023, 14:21
WingRiders’ StableSwap pools bring several benefits for traders, liquidity providers, and Cardano in general:
1️⃣ Minimal possible slippage and price impact, when doing swaps between two same-valued assets.
2️⃣ StableSwap pools are more efficient, therefore less liquidity is needed to accommodate even larger swaps.
3️⃣ Assets in a StableSwap pool are of the same value, so there’s minimized impermanent loss for liquidity providers.
4️⃣ The minimal impermanent loss leads to deeper liquidity, higher trading volumes resulting in bigger pool fees and thus gains.
5️⃣ Using the zap-in, you can provide liquidity in only one asset into a StableSwap pool. Thus you don't need to own both assets while doing it.
6️⃣ The possibility to swap between bridged and native stablecoins increases the ease of adoption of new liquidity and users from other chains, contributing to the overall growth of Cardano.
Go ahead and see the benefits yourself at app.wingriders.com.