PancakeSwap is excited to announce the launch of USDT-BUSD, USDC-BUSD, and USDC-USDT trading pairs on our new StableSwap platform. This upgrade delivers lower slippage and reduced fees for stablecoin swaps, optimizing your DeFi trading experience.
What Is StableSwap?
StableSwap is PancakeSwap's implementation of Curve Finance's AMM (Automated Market Maker) model, specifically designed for similarly priced assets like stablecoins. Key benefits include:
- Reduced Impermanent Loss: Unlike traditional AMMs, StableSwap minimizes IL risks (except during extreme depegging events).
- Higher Capital Efficiency: Swaps maintain better price stability with concentrated liquidity.
Why Use PancakeSwap's StableSwap?
- Lower Slippage: StableSwap's algorithm outperforms standard constant-product AMMs for stablecoin pairs.
- Reduced Fees: Trading fees are significantly lower than PancakeSwap's standard 0.25%.
- Seamless Integration: Swap stablecoins with the same familiar interface.
👉 Discover how StableSwap maximizes your stablecoin yields
StableSwap Farm Migration Guide
Existing LP providers for USDT-BUSD, USDC-BUSD, and USDC-USDT must migrate to StableSwap farms to continue earning CAKE incentives.
Migration Steps (5-Hour Window)
- Unstake LP Tokens: Withdraw your V2 LP tokens from the current farm.
- Remove Liquidity: Redeem your tokens via the Liquidity Page.
- Re-Add Liquidity: Deposit into the new StableSwap LP pool (select "Stable LP" during the process).
- Restake: Stake your Stable LP tokens in the designated farms labeled "Stable LP".
Note: No action is needed if you're not farming these pairs.
StableSwap Fee Structure
StableSwap transactions incur lower fees, distributed as:
| Fee Allocation | Percentage |
|---|---|
| LP Rewards | 50% |
| CAKE Burn | 40% |
| Treasury | 10% |
The team will iteratively adjust fees and expand supported pairs (including liquid-staking BNB pairs) based on user feedback.
FAQs
1. What happens if I don’t migrate my LP farms?
Your existing V2 farms will stop earning CAKE rewards after the 5-hour migration window.
2. Are there risks with StableSwap?
Impermanent loss is minimal but possible during stablecoin depegs (e.g., USDC losing its $1 peg).
3. How do I identify StableSwap farms?
Look for the "Stable LP" tag on the Farms Page.
4. Will more pairs be added?
Yes! HAY-BUSD and other stable/liquid-staking pairs are planned.
👉 Learn advanced StableSwap strategies
Stack those stablecoins wisely!
The PancakeSwap Team 🐰🥞
For detailed instructions, refer to our StableSwap Documentation. Feedback? Reach out via Twitter or Discord.
### Keywords Integrated:
1. StableSwap
2. USDT-BUSD
3. USDC-BUSD
4. USDC-USDT
5. Lower slippage
6. LP migration
7. CAKE rewards
8. Stablecoin pairs