Introducing Trisolaris 5pool Stableswap, the first of its kind stableswap with a base pool of 5 tokens and deep liquidity of decentralized stablecoins!
Context
Over the past few days, the launch of USN has attracted a lot of attention from the market and promises to bring an exciting DeFi summer throughout Near and Aurora. Trisolaris aims to be at the center of this!
Stablecoins are not only used to accelerate trading in other cryptocurrencies, but also to make transfers between the legos of crypto-finance (exchanges, staking, lending, asset management, prediction markets, etc.).
Users can exchange seamlessly between the 5 following stablecoins with Low Slippage and Minimum Trading Fees:
- USN ( 0x5183e1B1091804BC2602586919E6880ac1cf2896)
- Wormhole UST ( 0x8D07bBb478B84f7E940e97C8e9cF7B3645166b03)
- FRAX ( 0xE4B9e004389d91e4134a28F19BD833cBA1d994B6)
- USDT ( 0x4988a896b1227218e4A686fdE5EabdcAbd91571f)
- USDC ( 0xB12BFcA5A55806AaF64E99521918A4bf0fC40802)
Pooling USN with the top stables on the market will make it easier for people to access USN than ever!
What makes this special?
Different from other stableswap engines, most of them have a 2 pool, 3 pool, or at most a 4 pool as the base pool. Trisolaris is one of the first to have a 5 pool as a base, pairing several popular stables into 1 pool and creating deep liquidity for these tokens! Users will be able to trade seamlessly with low slippage, high volume, and access to USN has never been easier!
On top of that, Trisolaris will also be the first AMM on the market that has deep liquidity of 3 leading decentralized algorithmic stablecoins: USN, UST, and FRAX.
This pool will be the primary stableswap pool on Trisolaris and will replace the USDT <-> USDC stableswap pool.
Smart-Order Routing
It can be confusing for users to choose whether they want to trade on the “Constant Product AMM” or the “Stable AMM”, therefore we implemented a Smart Order Router that powers our swap widget.
When users swap between any stablecoin assets, we automatically direct the user to the AMM with the deepest liquidity, lowest slippage, and most efficient execution!
One caveat: we currently haven’t turned on smart routing between assets on the normal AMM and the stableswap yet. Once the stableswap pools establish good levels of liquidity, we will roll this out.
With this launch however, Trisolaris is the only decentralized exchange on Aurora where users can swap across multiple AMMs from one unified User Interface!
Smart Order Router: Stable AMM & Standard AMM
What’s Next?
The Stableswap AMM is LIVE for users to trade and the 5pool is ready for you to add liquidity to!
We’re partnering with several projects for this initiative. They include: Luna Foundation, Wormhole, Frax finance, Proximity, and Jump!
A new double rewards farm will also be launched for this special pool, users who stake their LPs will receive AURORA rewards on top of TRI rewards!
Emission for the current USDT <-> USDC farm will be slowly migrated to the new 5pool farm, and users will need to migrate their assets to continue receiving farm rewards.
FAQ
Q: How can I add/remove liquidity to the 5pool?
A:
- Head to the pools page, click the Stable AMM tab, and then click “Add” to add liquidity.
2. Unlike Standard AMMs, users can add/remove liquidity in custom amounts & types of assets, not necessarily in a balanced proportion.
3. Similarly, users can remove liquidity in custom amounts & types of assets.
Q: How can I bridge UST to Aurora?
A: Go to https://wormholebridge.com/#/transfer, and bridge UST over.
Notes: UST is Wormhole UST, only UST bridged via the wormhole bridge can be added to this pool! You will not be able to add liquidity to the pool with other versions like atUST (via Allbridge) or UST (from Ethereum).
Q: How can I bridge FRAX to Aurora?
A: FRAX can be bridged from Ethereum to Aurora via the Rainbow Bridge, Celer Bridge or Multichain Bridge.
Note: After $FRAX has been bridged to Aurora via the above bridges, they need to be converted from Swap bridge tokens to chain-native canonical tokens on the Frax finance app.
Q: How can I bridge USDT and USDC to Aurora?
A: They can be bridged from Ethereum to Aurora via the Rainbow Bridge, or from most EVM chains via Synapse, cBridge, etc.
Q: How can I get USN?
A: You can trade other assets for USN right on Trisolaris, or mint on Near (see below) then bridge over to Aurora via the Rainbow Bridge.
Q: How to mint USN?
A: There are 3 ways to mint USN
- Mint USN directly on the Decentral Bank app via https://swap.decentral-bank.finance/
2. Mint USN via Sender wallet: https://senderwallet.io/
3. Mint USN via Ref Finance app: https://app.ref.finance/
About Trisolaris
TriSolaris is a community-owned decentralized exchange (DEX) with fast-settlement, low fees, and a democratic governance process. Built on NEAR’s Aurora EVM, TriSolaris is building the one-stop-shop for DeFi on NEAR!
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Introducing the Trisolaris 5pool Stableswap, the first 5 token-based stableswap engine! was originally published in TriSolaris Labs on Medium, where people are continuing the conversation by highlighting and responding to this story.