{"id":357996,"date":"2021-10-26T08:50:04","date_gmt":"2021-10-26T05:50:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/olympusdao-developer-launches-protocol-enabling-one-to-one-stablecoin-swaps\/"},"modified":"2021-10-26T08:50:04","modified_gmt":"2021-10-26T05:50:04","slug":"olympusdao-developer-launches-protocol-enabling-one-to-one-stablecoin-swaps","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/olympusdao-developer-launches-protocol-enabling-one-to-one-stablecoin-swaps\/","title":{"rendered":"# OlympusDAO developer launches protocol enabling one-to-one stablecoin swaps"},"content":{"rendered":"<p>&#8220;<strong># OlympusDAO developer launches protocol enabling one-to-one stablecoin swaps  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvOGFmNTU2NzAtYzM3Zi00ODM3LWI4Y2EtNjMzOTViMjkyZDM4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>A developer working on DeFi darling OlympusDAO has launched a new protocol that seeks to facilitate stablecoin swaps without price curves.<\/p>\n<p>On Oct. 26, OlympusDAO developer \u201cOhmzeus\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ohmzeus\/status\/1452765658232590342\">announced<\/a> 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 \u201coptimistic stablecoin swap protocol\u201d designed to \u201cabandon a pricing curve altogether.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Introducing Range, an optimistic stablecoin swap protocol.<\/p>\n<p>(Note: Range is unaudited. Use at your own risk with money you can afford to lose.)<\/p>\n<p>Let&#8217;s run through what it does <\/p>\n<p>\u2014 Zeus \u03a9 (3, 3) (@ohmzeus) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ohmzeus\/status\/1452765658232590342?ref_src=twsrc%5Etfw\">October 25, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The protocol uses \u201cRange Pools,\u201d which assume both of the tokens in a pool are worth an equal value. There are currently six live pools for DAI, LUSD, FRAX, USDC, USDT, and MIM, though the developer has emphasized that they are unaudited and users should not deposit more than they can afford to lose. <\/p>\n<p>On Discord, they noted deposits to the USDC\/USDT pool have been suspended due to a decimal place error. <\/p>\n<p>Tokens trade within a pre-defined range in the protocol. In the example of a Range 20\/70 pool in which DAI is one of the pairings, Ohmzeus stated that as the range for the stablecoin in the first pool is set to 20% to 70%, DAI must comprise at least 20% of the pool and not exceed 70% \u2014 with any attempted trade outside of those limits being rejected.<\/p>\n<p>The protocol\u2019s maintenance of price parity between stablecoins <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to offer arbitrage opportunities to users as stablecoins rarely trade at exactly equal value on centralized trading venues and decentralized exchanges.<\/p>\n<p>Ohmzeus claimed the system offers a number of advantages over swapping stablecoins using traditional automated market makers, citing one-to-one stablecoin swaps, low gas fees, and capital efficiency. They commented:<\/p>\n<blockquote><p>\u201cMy expectation is that (at least early on) the pool swings from range extreme to range extreme as the pooled tokens fluctuate around peg. This should produce heavy fee volume from arbitrage.\u201d<\/p><\/blockquote>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>Olympus DAO chases a new ATH after fresh bond offerings and partnerships<\/em><\/strong><\/p>\n<p>Ohmzeus suggests that Range could be used to mobilize stablecoin reserves held by Decentralized Autonomous Organizations (DAOs), noting the protocol enables OlympusDAO to \u201cproductively deploy its reserves in an isolated environment where its exposure to different assets is defined and controlled.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/olympusdao-developer-launches-protocol-enabling-one-to-one-stablecoin-swaps\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# OlympusDAO developer launches protocol enabling one-to-one stablecoin swaps &#8221; 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 \u201cOhmzeus\u201d announced they had launched an experimental project dubbed Range comprising decentralized stablecoin pools that do not use a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":357997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvOGFmNTU2NzAtYzM3Zi00ODM3LWI4Y2EtNjMzOTViMjkyZDM4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,75493],"class_list":["post-357996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-stablecoin"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/357996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=357996"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/357996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/357997"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=357996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=357996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=357996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}