bStable — an open source Automated Market Maker (AMM) engine, specifically designed to enable the exchange of tokens between any stablecoins on the Binance Smart Chain (BSC), with low fees and minimal price slippage.
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About the bStable project
By combining an efficient decentralized BSC stablecoin exchange platform with a “savings account” with multiple stablecoins, bStable will allow users to add their funds to the protocol's liquidity to generate passive income. Moving from stablecoin to stablecoin on BSC will be as easy as possible soon.
Why the Binance blockchain was chosen:
| 1 | The developers of the project believe that Ethereum fees are too high, and are aiming to allow BSC users to switch between stablecoins in seconds, at the best rates and with minimal slippage. |
| 2 | They also believe that BSCs represent the future of public networks and want to provide BSC users with the decentralized financial instruments they need. |
| 3 | The platform has also implemented additional features to ensure that the security and privacy of their members are well protected. |
bStabke draws inspiration from StableSwap, an automated market maker algorithm, designed specifically for exchanges between stablecoins, built on the Ethereum blockchain by using curve.fi.
The bStable smart contract is a BEP20 contract that fully complies with the BEP20 contract standard for BSC. The bStable BEP20 contract has been ported from the ERC20 contract to Openzeppelin, which is recognized as a relatively secure framework for developing Ethereum Solidity contracts. By strictly adhering to the security protocols of the Openzeppelin platform and by porting contracts from Ethereum to BSC, the bStable team can ensure that key functionality does not leak and that hacker attacks are prevented.
Additional information
bStable uses the Openzeppelin framework reentry attack component for some transaction-related functionality in the swap contract and also uses the Openzeppelin ownership component to manage contract ownership. The Openzeppelin project itself also includes auditing services. All bStable algorithms run through SafeMath to ensure the accuracy and safety of the contract algorithms. Finally, bStable uses a secure transaction transfer method that limits gas to 2300. For more information about the project, visit the blog on the Medium site. There are articles with news and other useful data.
From social networks, the community leads:
Subscribe and communicate with other project participants. The smart contract has not been audited.