💲StableSwap

This is not live yet. Still under construction.

StableSwap, integrated within Tapas DEX, offers a specialised feature for trading stable pairs with reduced slippage, leveraging an invariant curve slippage function. This functionality is tailored for swapping specific assets that maintain close price parity, such as USD stablecoins (e.g. USDC, USDT, and USDM) or liquid staking tokens (e.g. sTLOS).

Operating as an adaptation of Curve Finance’s Automated Market Maker (AMM), StableSwap introduces a linear invariant constant sum curve (x+y=k) varying from the traditional constant product formula (x*y=k). This integration aims to sustain price equality across assets within the liquidity pool, mitigating impermanent loss concerns—except in extreme depegg scenarios—and consequently lowering slippage compared to standard AMMs employing the constant product formula.

Engaging in a Swap transaction via StableSwap incurs reduced trading fees, deviating from the standard 0.25% on Tapas' regular AMM. The fee allocation will be determined at a future date.

Stableswap Fees

Fees for pairs are broken down in the table below:

Stable Pair	Trading Fee
Coming Soon	Coming Soon

Why should you use the StableSwap functionality over traditional AMM Swaps?

• Effortlessly exchange your stablecoins or comparable asset pairs with enhanced efficiency using StableSwap, all while following the same straightforward trade steps.

• StableSwap ensures lower trading slippage compared to conventional AMM setups.

• StableSwap boasts lower trading fees in comparison to standard AMMs.