Olympus DAO will Soon Launch Range, a Stablecoin Exchange Protocol

TokenInsight news, Olympus DAO developer Zeus announced on his personal Twitter account the upcoming launch of Range, a stablecoin exchange protocol that builds Range Pools, an exchange pool that makes the assumption that the tokens in the pool all have the same value and can be exchanged at a 1:1 ratio. The tokens in the pool are kept within a predetermined range, e.g. 20%-70% DAI, and any transaction that would push the ratio out of this range is rejected. In this way, the exchange rate of stablecoins is guaranteed, Gas fees are reduced, capital utilization is improved, and risk is accurately assessed. The protocol is planned to support DAI, LUSD, FRAX, USDC, USDT, MIM and is not yet audited.
Source

Stablecoins

In This Article

Related News
Wall Street back-office giant DTCC mulls stablecoin integration: report Wall Street back-office giant DTCC mulls stablecoin integration: report
Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act
Circle secures in-principle approval to operate as money services provider in Abu Dhabi Circle secures in-principle approval to operate as money services provider in Abu Dhabi
Mastercard moves to integrate stablecoins into global payments network Mastercard moves to integrate stablecoins into global payments network
Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030 Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
Latest News More More
15 Hours Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
1 Day Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
1 Day Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
4 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open