Developer 'Ohmzeus’ has launched a new protocol allowing stablecoins to swapped at fixed price of exactly one-to-one.
A developer working on DeFi darling OlympusDAO has launched a new protocol that seeks to facilitate stablecoin swaps without price curves.On Oct. 26, OlympusDAO developer “Ohmzeus” announced they had launched an experimental project dubbed Range comprising decentralized stablecoin pools that do not use a price curve. The programmer described Range as an “optimistic stablecoin swap protocol” designed to “abandon a pricing curve altogether.”Introducing Range, an optimistic stablecoin swap protocol.(Note: Range is unaudited. Use at your own risk with money you can afford to lose.)Let’s run through what it does — Zeus Ω (3, 3) (@ohmzeus) October 25, 2021
The protocol uses “Range Pools,” which assume both of the tokens in a pool are worth an equal value. There are currently six live pools for D
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