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Content
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Khế Ngọt
@khengot
The reason? There are no switching costs to LSTs on Solana since slashing is not enabled.
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Youre
@dtmyxuyenst
Referring back to our original chart, the 3pool is the dominant vehicle to trade stablecoins.
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Pravas
@khet
Generally combining liquidity in a multi-asset pool is more efficient.
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Suner
@bronu
These trades are more efficient, not requiring unstaking or staking.
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85cent
@salonpas
The portfolio seeks to attain high LST yield ($INF is itself a staking token) while also bootstrapping liquidity to up and coming LSTs.
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Du Tho
@dutho
👍 👍 👍
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Vét Láp
@vestlab
The inbound and outbound fees are controlled to maintain a desired portfolio balance.
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Ca Non
@canon
The inbound and outbound fees are controlled to maintain a desired portfolio balance.
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Gop
@guop
Each token-to-token trade is executed at exchange rate and adding a cost to both the inbound and outbound token.
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iguverse
@iguverse.eth
This token represents a basket of 40+ LSTs providing liquidity at the same time.
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Vien Tin
@vientin
Infinity has a single LP token called $INF.
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Cây Thúi
@chicken
The Router supported LST to LST trades by simply combining the Sanctum Reserve unstake action and then staking that SOL on the desired LST. staking of the relevant token to the desired LST.
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Đà Nẵng
@chetruoi
Each LST is effectively a 3-day bond for SOL and Sanctum is buying them at a discount to the underlying.
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Matngot
@matngot
Since Solana withdrawals only take 2-3 days you have to build a modest capital reserve and you can serve ongoing withdrawals pretty easily (no slashing means you will always get your money back).
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Nguyễn Phương Nhi
@beautiverse
Sanctum build their entire product strategy around this idea.
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Lam-May
@lammay
This means that you can not only deterministically calculate the exchange rate of any two LST, the underlying capital (existing in a staked pool) can be easily migrated too.
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Cá Ba Sa
@cabasa
👍 👍
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Kinh Ba
@kinh3
So 3pool stops at three very blue chip assets that generally maintain a 1:1:1 exchange rate.
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Tuổi Trẻ Cười
@tuoitrecuoi
Well, depeg risks could lead to severe impermanent loss for LPs.
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Emmauel
@vinhtuong
But why doesn't it have 20+ stablecoins?
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