MM StableSwap (Polygon) provides low slippage and capital efficient swaps for all your stable needs.
Site description of MM StableSwap (Polygon)
With the launch of MM StableSwap, the MMF ecosystem provides cheap, efficient, fast, low slippage swaps so that traders can exchange stable tokens more efficiently. MM StableSwap offers traders much lower trading fees for stablecoin trades than any other exchange (0.17-0.25% per trade on average on traditional exchanges versus 0.04% on MM StableSwap). You pay 5 times less commissions per trade.
Large traders and high volume trading pairs are subject to high slippage on the traditional DEX, but MM StableSwap can prevent high slippage on stablecoin pairs. Liquidity providers on MM StableSwap supply stablecoin pairs that eliminate temporary losses.
The stablecoin pool holds three stablecoins, opening up deep on-chain liquidity between value-bound crypto assets:
| USDC | it is an ERC20 token, pegged to the US dollar (USD) at a ratio of 1:1. |
| USDT | like USDC, it is pegged to the US dollar at a ratio of 1:1. |
| DAI | algorithmically soft pegged to the US dollar. |
MM StableSwap provides a smoother and cheaper way to provide liquidity and exchange stablecoins. It also comes with optimized code (lower gas cost), meta pool and no withdrawal fees.
Other work details
MM StableSwap currently offers trading fees as a reward. In the future, it is planned to include support for express loans, which will bring additional profit to liquidity providers.
Multisig has the ability to suspend new deposits and transactions in case of technical emergencies. Users will always be able to withdraw their funds, whether or not new deposits are suspended. Multisig can also change the swap/withdrawal fee and pool/account deposit limit.