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What Are the Characteristics of a Stablecoin-Focused AMM like Curve?

Stablecoin-focused AMMs use a specialized bonding curve (like the StableSwap invariant) that minimizes slippage for trades between assets that are meant to maintain a near 1:1 peg, such as stablecoins. This design is highly capital-efficient for low-volatility assets.

The goal is to provide deep liquidity and low-cost swaps for stablecoins, which is crucial for decentralized finance infrastructure.

What Are ‘Stableswaps’ and How Do They Modify the Constant Product Formula for Pegged Assets?
What Is a “Stableswap” AMM and Why Is It Used for Stablecoins?
Explain the Difference between a Constant Product and a Constant Sum AMM Curve
How Are Stablecoins Different from Other Cryptocurrencies?