AshSwap Is Live On The MultiversX Mainnet Bringing Extremely Efficient Trading Of Stablecoins And Price-Like Assets

USDT and BUSD, two of the largest stablecoins, have recently become available on the MultiversX Network thanks to the added support in the Ad Astra Portal cross-chain bridge.

Alongside USDC, the two stablecoins can be leveraged by DeFi users to effectively hedge exposure against market volatility without leaving the ecosystem.

Having multiple options available inherently creates DeFi opportunities, as some projects choose to pair with a stablecoin over another and the swap route might include two or more stablecoins. Thus, the arbitrage outcome of the opportunities that might arise can be highly affected by how efficiently users can move from one stablecoin to another.

This is where AshSwap comes into play. By using a different invariant from traditional AMMs such as xExchange, capital efficiency is magnitudes better, which translates into minimal slippage when swapping price-like assets such as stablecoins, wrapped assets or staking derivatives.

The AshSwap protocol is now live on the MultiversX Mainnet, enabling users to swap between USDT, BUSD and USDC at near 1:1 ratios.

Besides the multi-stablecoin liquidity pool, the new DEX also introduces pools for volatile paired asset swaps, featuring an EGLD - BUSD and ASH - USDT pool.

You can find more details about their product launch here:

https://blog.ashswap.io/ashswap-mainnet-launch-the-order-of-events/

DeFi is powerful. And it becomes even more so with the number of protocols growing and providing users with access to a broader range of financial instruments, services and possibilities.

The next period will be super exciting, as it will bring out months of efforts from many teams leveraging the innovative MultiversX infrastructure.

It’s time to build!