Common has released a StableSwap AMM on Mainnet, which will enable more efficient trading with stable coins through lower slippage and fees, while simultaneously heighteningTVL. Plus, there’s a new USDT/USDC pair farming pair. Additionally, rewards from Common Staking Drops Season 3 have been distributed and Season 4 is now officially live!
StableSwap AMM Mainnet release for lower slippage and fees on stable pairs, and heightened TVL
The StableSwap AMM is an implementation of Curve Finance’s AMM on Common. It uses a formula that is more complex than traditional constant product AMMs in order to minimize price slippage and maintain price stability. For this reason, StableSwap protocols are a much more suitable choice for trading assets where price stability is a priority. Initially, the StableSwap AMM will feature the USDT-USDC pair. However, we plan to expand the platform over time to include other stablecoin pairs and potentially liquid staking pairs.
Additionally, fees will be lower, as StableSwap AMM charges are generally less when compared to traditional AMMs. For example, the current USDT-USDC pool on Common has a 0.1% exchange fee. While the new StableSwap-based pool will only charge 0.05%! These lower fees (plus lower slippage) mean much better swap prices for traders, which will attract more traders and encourage bigger swaps—and therefore drive more volume. Plus, StableSwap protocols are also more scalable and can handle larger volumes and provide more liquidity to the market.
Moving from Season 3 to Season 4 farming rewards: A brand new USDT/USDC pair
Farms for Season 3 will end on Wednesday, September 25th at 20:00 CET. Rewards for Season 4 will start one hour later. All the same pairs will be available and there is no action needed to continue receiving rewards. However, for the USDC/USDT pair, a new stable pool will be created. If you want to join the new USDC/USDT farm, you will need to move your tokens to the new pool to receive rewards. All Season 4 pools will last until November 6th at 16:00 CET.
The Common Drops campaign continues with Staking Drops Season 3 distribution and Season 4 go-live
Today—September 24th, 2024—marks the distribution of Common Staking Drops rewards for Season 3. Your rewards are calculated by taking your Effective Stake from 6 weeks after Season 2’s distribution (you will receive 1 Drop per AZERO).
Season 4 has now begun and its rewards distribution will happen on November 5th, 2024. This distribution will take your Effective Stake from 18 weeks after Season 1’s distribution (you will receive 3 Drops per AZERO). Additionally, while Lucky Drops were introduced during Season 3, they will not continue in Season 4.
You can learn all about Common Staking Drops and how they are distributed to AZERO stakers and ecosystem participants during the four (4) rounds of this campaign here!
