AvtoCross — an automated market maker ("AMM") on the Cronos network, designed to trade stablecoins and other pegged assets with minimal slippage.
The first fundamental and primary liquidity product - the branded Stablecoin cross pool with a basket of three dollar-pegged stablecoins. It consists of:
- USDC;
- USDT;
- DAI.
The protocol is designed to create additional metapools as other stablecoins accumulate liquidity depth such as BUSD, UST, MIM, etc.
In addition, the status of AMM for stablecoins is only the first step. AvtoCross assumes the creation of the "Liquidity as a Service" protocol. Stablecoin participants can earn high risk-adjusted diversified returns, while individual token holders can enjoy increased returns. CROSS is non-custodial, meaning CROSS developers do not have access to your tokens.
Earn a CROSS governance token as a reward for providing liquidity to a stablecoin in any of the main products of CROSS, such as a cross pool of stablecoins. Alternatively, both CROSS and DEX partner Cronaswap are generously rewarding liquidity providers to help to mitigate irreparable losses. You can stake CROSS-xUSD LP on the CROSS platform or Cronaswap farms.
The stablecoin AMM protocol, used by CROSS, has been battle tested in terms of both economics and cyber security since 2017. It is ideal for exchange between stablecoins (tokens, pegged to 1 US dollar). CROSS stable swaps are expected to be not only the fastest, but also the cheapest and lowest slippage in the entire Cronos ecosystem.