In connection with the recent USDN depeg, we would like to discuss the opertaion of Flat pools USDT-USDN and USDC-USDN with our
17 May 2022, 11:13
ā In connection with the recent USDN depeg, we would like to discuss the opertaion of Flat pools USDT-USDN and USDC-USDN with our community ā
The Flat smart contract prevents too high imbalance: the ratio of pooled tokens cannot exceed 1:3. This restriction protects liquidity providers' capital when stablecoins become temporarily unstable.
At the same time, due to the restriction, it's impossible to buy a token when its price has risen above ~1.07 relative to another token.
Do you think we should cancel the restriction and make the exchange in Flat pools available at any token ratio?
š¤© - cancel
š± - leave
Let's discuss!