Mobius Money — an automated market maker (AMM), based on StableSwap and CurveCrypto invariants that specializes in low slippage swaps between price stable and interest rate pairs such as liquid staking tokens. This opens the way for more capital efficient trades between equal price pairs than AMMs with a fixed product like Ubeswap. At its core, Mobius contracts are built on top of the Nerve Finance variant, with modifications to support additional asset types.
About Mobius Money defi app
Mobius was primarily designed for swaps between assets with theoretically equal market prices. Examples include: cUSD-USDC, cEUR-EURS and cBTC-wBTC. The price stability of stablecoins makes liquidity provision break even without the risk of temporary losses. As such, Mobius is sure to raise sufficient liquidity for stablecoin pairs with near-risk-free returns.
Other features:
| 1 | Since each pool can have its own parameters, Mobius can also support any pair of assets with a relatively stable exchange rate, such as cUSD-cEUR. |
| 2 | In fact, this is where the biggest market potential of Mobius as a DEX on Celo is seen. |
| 3 | The foreign exchange market is one of the largest financial markets in the world, handling over $6.6 trillion daily. |
As the cLabs team continues to issue new stablecoins, denominated in various national currencies, the team believes that the need to exchange tokenized currency pairs will become increasingly important. Proof of Stake blockchains like Celo require a large amount of their native token to be locked up and staked in order to secure their network. These tokens often remain dormant and are used as non-productive assets that are not managed.
For current liquidity providers (LPs) on CPMM, such as Ubeswap and Sushiswap, Mobius will offer LPs an attractive opportunity to deposit their tokens into Mobius and earn trading fees proportionate to their position.
Commission structure
LP on Mobius are rewarded with a trading fee of 0.15%. By running various simulations, the developers determined that this gives the best balance of liquidity provider returns with the best price offer. The volume on the stable swap exchange is expected to be much higher and offset the lower fees. In addition, pairs with low exchange rate volatility offer much less risk of intermittent losses than traditional trading pairs.