SnowSwap is designed for low slippage stablecoin swaps and is based on Curve’s AMM. By creating pools for yVault stablecoins, traders can easily swap between different vaults without paying withdrawal fees and can exit positions cheaply by swapping into vaults with sufficiently large token reserves and then withdrawing.
SnowSwap users can also diversify their yield across multiple stablecoin vaults by acting as LPs, and can also earn additional yield in the form of trading fees, which will initially be set at 0.04% per swap.
The first pool will support yVault USDC, DAI, USDT, and TUSD. The second pool will support yUSD and ycrvBUSD. Vanilla stablecoins can be deposited via a zap contract ...