Important update on the @CurveFinance sUSDS/stUSDS stableswap pool.
The pool configuration was not set up properly to provide deep liquidity between the two assets. As a result, this pool will provide boosted rewards on top of stUSDS, giving extra APR to stUSDS holders until the incentives run out.
All funds in the pool are safe, and all users can withdraw at any time.
To build supporting liquidity for stUSDS, a new @CurveFinance pool is being deployed with the correct configuration. This new pool will support liquidity between USDS and stUSDS, functioning as the intended discount market for stUSDS.
More updates to come soon.
A new sUSDS/stUSDS pool on @CurveFinance is now live with 500,000 USDS in incentives over the next three months for liquidity providers.
This liquidity pool creates a temporary discount market during periods of high withdrawal demand from Sky Protocol’s stUSDS. This means stUSDS holders can sell at a discount on the sUSDS/stUSDS @CurveFinance pool if they desire to exit their positions quickly.
• The sUSDS/stUSDS pool on @CurveFinance is live at:
• The pool address is: 0xb0cefac820228827a3f40deedbca88d5de44bca9
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