Understanding StableSwap (Curve)
・12 min read
Disclaimer: These are my notes on learning about StableSwap and may contain errors. Please do your own research and cite the official whitepaper.
Intro StableSwap is an autonomous market-maker (AMM) for stablecoins.
The StableSwap AMM aims to provide low slippage and low fees when trading stablecoins (such as USDC, DAI, USDT, etc).
A starting point for understanding the StableSwap protocol is to look at a simple linear invariant and existing AMMs like Uniswap since the StableSwap bonding curve is a more sophisticated combination of these curves.
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