Stabull is an innovative AMM designed to serve as the central liquidity source for stablecoins and RWA’s across multiple chains.
Why is Stabull different?
Stabull is a proactive AMM. Liquidity is dynamically recentered around an off-chain oracle (e.g. EUR/USD) to enable low slippage swaps and capital efficient liquidity provision.
Features
- 24/7 permissionless access
- Instant transaction finality and settlement
- Trustless and transparent
- Low execution costs
Swap stablecoins and provide liquidity to earn $STABUL token.
Unlike Uniswap or other constant product AMMs, Stabull is a proactive AMM. Instead of waiting for arbitrageurs to align prices with other sources of liquidity, the Stabull AMM dynamically concentrates liquidity around an off chain FX oracle to provide lower slippage. This lends itself naturally to FX and RWA's where the majority of price discovery occurs off chain. As well as providing price improvement for traders and relieving peg pressure for token issuers, this model greatly reduces impermanent loss for LP's, because their liquidity is dynamically recentered around the oracle price, without leaking profit to arbitrageurs.
Whats the difference between stabull & curve?
For a 2 asset pool (e.g. EURS/USDC), uniswap v1 spreads liquidity across all prices, curve v2 concentrates liquidity around an "internal oracle" and uniswap v3 concentrates liquidity based on a user set range. These are different methods for reducing slippage (price improvement) by concentrating liquidity around a 'best estimate' of swap price.
Stabull uses an offchain FX (or commodity) oracle to concentrate liquidity (e.g. the EURO/USD price). This is because at present the majority of price discovery for FX stablecoins and RWA's occurs offchain (e.g. on FX exchanges & OTC desks).