MadFish Solutions Announced the Launch of Stable DEX on Tezos

by | Jun 23, 2022 | Adoption, Latest

Continuing to develop and improve the Tezos ecosystem, MadFish announced the launch of a new Curve-like Stable DEX on Tezos, which was implemented within the QuipuSwap AMM protocol.

A New Stable DEX On Tezos

Continuing to develop and improve the Tezos ecosystem, MadFish announced the launch of the Curve-like Stable DEX on Tezos, which was implemented within the QuipuSwap AMM protocol.

What You Should Know

Stable DEX is designed to provide the most profitable swaps of the same price tokens, primarily fiat-pegged cryptocurrencies.

With the launch of the Curve-like Stable DEX on Quipuswap, the Tezos ecosystem’s users can make large volume swaps of kUSD, USDtz, uUSD, and, soon, many other tokens with the same value, without high slippage and price impact.

The new solution is also useful for swaps, for example, between wrapped BTC tokens (uBTC and tzBTC) or other bridged tokens through different protocols that have the same asset price. Needless to say, such platforms are invaluable for arbitrage.

QuipuSwap Stable Dex currently hosts three liquidity pools:

  • uUSD/kUSD/USDtz
  • uBTC/tzBTC
  • uUSD/USDC.e

QuipuSwap Stable DEX users are able to join the incentive programs and receive rewards in the form of QUIPU tokens.

To participate in these farming programs, users need to hold the LP tokens of available stable DEX pools. This provides farming opportunities to stablecoin (and not only) holders in the Tezos ecosystem.

Future Plans

Next, the QuipuSwap team plans to add new pools and release additional features that provide rewards for staking QUIPU.

To learn more about the QuipuSwap Curve-like Stable DEX, check out the protocol’s overview on the official MadFish blog.

About QuipuSwap

QuipuSwap, created by MadFish Solutions, is currently the most popular Decentralized Exchange (DEX) on Tezos.

QuipuSwap allows anyone to trade any Tezos-based token without the need for third-party dependency.

The protocol also includes different farming, staking, and other earning opportunities.

Stay tuned for more updates and news from MadFish in their official Telegram and Discord communities.

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