VOLTSWAP
  • Introduction
  • Key Features
  • Official Links
  • Understanding ve (3,3)
    • Overview
    • Key Stakeholders
    • Ve (3,3) Process
    • Voting Stratgies
  • The VOLT Token
    • Value Accrual to VOLT with ve (3,3)
    • Token Supply and Emissions
    • Pre ve (3,3) VOLT Emissions
      • Volt Emission - Meter Mainnet
        • Previous Cycle Emissions
      • Volt Emission - Theta Mainnet
        • Previous Cycle Emissions
      • Volt Emission - Moonbeam Mainnet
        • Previous Cycle Emissions
  • 中文版文档
  • VOLTSWAP
    • Supported Assets
    • Supported Wallets
    • Meter Passport - Crosschain Bridge
    • Swapping Stable and Volatile Assets
    • Adding Liquidity
    • Staking LP tokens into the gauge
    • Vesting VOLT
    • Voting
    • Bribes
    • Rewards
      • Understanding Fee Revenue from Weekly Voting for veVOLT Holders
      • Understanding Emission Boost from Weekly veVOLT Voting for Liquidity Providers
      • Maximizing Returns through veVOLT Voting
    • Governance
    • Security
  • Tutorials
    • Transfer of Liquidity from Voltswap V1 to Voltswap ve (3,3)
    • Pre-requisites for Voltswap
      • Meter Mainnet
  • Setting up a wallet
    • MetaMask 101
    • Adding Custom Tokens to MetaMask
    • Setting up Networks
  • How to Bridge Funds
    • Meter Mainnet
    • Meter Passport - Operational Statistics
  • Transfer Funds from CEX
    • Meter Mainnet - Withdrawal from Gate.io
    • Meter Mainnet - Withdrawal from KuCoin
  • How to Vest VOLT
  • How to Add Liquidity
  • How to Stake LP token into the Gauge
  • How to Vote
  • How to Create Bribe
  • How to Claim Rewards
  • Understanding APRs
    • Liquidity Providers
    • veVOLT Holders
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  • Stable pools
  • Volatile Pools

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  1. VOLTSWAP

Swapping Stable and Volatile Assets

PreviousMeter Passport - Crosschain BridgeNextAdding Liquidity

Last updated 2 years ago

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Voltswap is a non-custodial decentralized exchange that is designed to provide minimal slippage and trading fees for swapping stable coins and volatile assets alike. Users are able to trade trustlessly, peer-to-peer, with liquidity that is supplied by other users.

To be a liquidity provider, holders of supported tokens need to supply equal parts liquidity for the quote token and a base token in return for liquidity provider (LP) tokens. LP tokens are the certificate to the holder that they have provided liquidity to the token pair. This pooled liquidity enables traders access to the base or quote tokens in exchange for a small fee, which is distributed proportionately to all of the liquidity providers.

The ve(3,3) deployment supports both stable and volatile pools ensuring better capital efficiency;

Stable pools

Stable pools are designed for assets which have little to no volatility. They follow the curve which provides lower slippages for similar assets:

x3y+y3x=kx^3 y + y^3x = kx3y+y3x=k

The lower swap fees of 0.04% reduces the slippage further.

e.g.: BUSD.bsc-USDC.eth, WETH.eth-SuETH

Volatile Pools

Volatile pools are designed for assets with high price volatility. They follow uniswap like generic AMM curve:

x∗y=kx * y = kx∗y=k

The swap fees are 0.3% similar to Uniswap.

e.g.: MTRG-VOLT, MTRG-BUSD.bsc

IMPORTANT: While adding liquidity or creating new pools, users should ensure that they are adding liquidity to the right type of pool (stable or volatile)

NOTE: If both tokens of a liquidity pool's pair are whitelisted by veVOLT to be staked in gauges and receive VOLT emissions rewards, the liquidity providers of that pair will not receive swap fees. The profits expected by the liquidity providers staking on gauges are solely derived from VOLT emissions.

NOTE: If a liquidity pool is not whitelisted to be staked in the gauge, it will receive all the swap fees it generates but have no VOLT emissions. Likewise, liquidity providers that do not stake the LP in gauges will receive the swap fees, but no VOLT emissions.