This proposal, if approved, will launch a new stablepool “3-Pool” consisting of aUSDT, USDC (snowbridge) & USDT (snowbridge) - this pool facilitates swaps between Ethereum native stablecoins via Snowbridge and any other asset on Hydration. The call data was created and tested by lolmcshizz.
This proposal does the following:
⁃ register stableswap asset 103 “3-Pool”
⁃ create stableswap pool 103
⁃ aUSDT 1002
⁃ USDT (snowbridge) 1000767
⁃ USDC (snowbridge) 1000766
⁃ A: 222
⁃ fee: 0.02%
⁃ add liquidity to stableswap pool 103
⁃ aUSDT 1002 (333,200)
⁃ USDT (snowbridge) 1000767 (333,377)
- USDC (snowbridge) 1000766 (330,010)
I can confirm that I created the call data for this proposal and have tested it executes as expected using chopsticks.
For some context, this stablepool will enable stablecoin flows from Ethereum using snowbridge - until now the only option is via moonbeam, and users who sent USDT or USDC over snowbridge are somewhat stuck with no option but to wait for liquidity or send it back to Ethereum.
This stablepool will not sit inside the Omnipool, as trades between snowbridge stables can hope through aUSDT -> USDT -> 2-Pool -> any Omnipool asset.
These stablepool shares will be added to the GIGAHydration campaign once configured and released (not part of this proposal)