HaloDAO Builds Custom AMM on Balancer V2 to Facilitate Non-USD Stablecoin Swaps and Liquidity

[PRESS RELEASE – Singapore, Singapore, 2nd September 2021] HaloDAO, the DeFi project spearheading non-USD stablecoins, has chosen to integrate with Balancer and its advanced V2 platform to facilitate swaps and yield generation for leading stablecoins based on non-USD fiat, such as XSGD, THKD and EURS.
Balancer V2 offers the best all-around solution for HaloDAO’s purpose, as it is among the only viable AMM architectures for facilitating swaps between low volatility assets such as fiat currencies. Models like Curve’s StableSwap are designed for assets that have the same nominal value, such as various permutations of USD stablecoins or wrapped crypto assets. This model does not bring any advantages for pairs that have a tight, but non-zero realistic price range, which is the case for stablecoin-based forex.
Integrating with Balancer V2 allows HaloDAO to create custom AMM bonding curves to optimize forex swaps, but it also carries significant benefits for yield generation and overall

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Źródło: https://cryptopotato.com/halodao-builds-custom-amm-on-balancer-v2-to-facilitate-non-usd-stablecoin-swaps-and-liquidity/

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