Danaswap’s Stable Pools hold sets of pegged assets, these asset sets are sets of assets that all trade at (very approximately) the same price, examples of which are dollar-stablecoin pools and wrapped Bitcoin and Bitcoin-pegged derivatives pools.
Stable Pools offer more a more effective trade execution platform for swap as opposed to traditional constant-product AMMs by concentrating most of the present liquidity around the current price point.
Swaps on Danaswap are performed through any of our liquidity pools. When performing a swap users can exchange between one asset to another (provided both are supported by the respective pool), while enjoying fast & efficient trade execution. Danaswap pools allow for market-competitive slippage even when performing six to seven-figure swaps.
Liquidity providers (LPs) are those who deposit their assets into Danaswap pools and are the market-makers of Danaswap. LPs deposit any or one of the assets supported by the pool and immediately start earning trading fees proportional to their share of the pool. Please note that even if an LP deposits only type of asset into the pool, he will still be exposed to all of the pool’s underlying assets & their possible price fluctuations.
LPs can additionally stake their LP tokens in the Ardana Rewards Enhancement Module(AREM) to participate in Ardana’s liquidity mining programs to earn an additional $DANA yield.