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StableXSwap is a stablecoin-focused AMM-style decentralized exchange built on Binance Smart Chain. Similar to what Curve.fi did for the Ethereum DEX space, StableXSwap describes itself as the first DEX featuring lower slippage and lower fees for the trading of stable assets. With minimized impermanent loss and lower gas fees on Binance Smart Chain, the swap mechanism is ideal for casual users and experienced arbitrageurs alike.
Staking to earn a share of the trading fees the platform generates
Potential fee rebates and discounts for traders
Voting in Governance for control of the community treasury and addition of new incentivized pairs
In the future, STAX will integrate new stablecoins as they join Binance Smart Chain and help provide the first liquid venue for these stablecoins to gain adoption.
STAX had a fair launch beginning on October 16, 2020, and has issued roughly 4 million tokens to its community members since launch. However, the community will vote on the ending of issuance prior to the end of the first 40 days of launch, mimicking YFI’s initial launch.
STAX is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.
