While our virgins have been hard at work making improvements to Chadswap and preparing for our community Chads of Defi NFT drop
07 Nov 2020, 20:53
While our virgins have been hard at work making improvements to Chadswap and preparing for our community Chads of Defi NFT drop tomorrow, Meter's basement virgins have also been hard at work building their smart AMM. We're finally ready to show off the fruits of their Mountain Dew-fueled labor:
Presenting the Meter Smart AMM
* This is a prototype - you can only access it from the Rinkeby network*. Feel free to play around with the ETH-DAI pair by clicking the MeterSwap and MeterPool tabs
As many chads already know, Meter's smart AMM allows single side add/withdraw liquidity and solves the impermanent loss problem using oracle guided price quotes and a novel bonding curve. Even in the prototype stage, you can see this in action. The oracle-guided price quote is set to 1 ETH = 2 DAI for testing purposes.
ChadSwap launch last week was only phase I of our three phase roadmap, which culminates in a fully functional cross-chain AMM deployed on Meter's parachain. STACY is almost ready for round 2