.stablekwon announces launch of '4pool' with four major stablecoins $UST, $USDT, $USDC and $FRAX Terra yieldfarming w/ ItsAlwaysZonny fraxfinance redactedcartel
The architecture of the new mechanism dubbed 4pool includes two leading centralized stablecoins, U.S. Dollar Tether and USD Coin , the largest decentralized stablecoin Terra USD and FRAX by Frax Finance, the first fractional-algorithmic stablecoin in DeFi.
The Terra founder stresses that the ongoing launch is set to be a crucial milestone for the entire Web3 space in terms of sustainability and interoperability: The 4pool is an exciting new primitive on all EVM chains where curve lives, balancing truly decentralized stablecoins with offchain liquidity. Once the pool is live, the infamous"Curve Wars" will be over: the two largest CVX holders, Terra and Frax, will collaborate between each other on liquidity logistics.The exact technical details and rationales behind the inception of the new design are covered by anonymous Terra researcher Ezaan in hisHe said that the new pool will change the narrative in cross-chain compatibility for stablecoin LPs as it will be simultaneously tested on Fantom , Arbitrum and mainnet Ethereum.
In general, this collaboration is set to strengthen the positions of Terra's native stablecoin, UST, in Ethereum's DeFi segment.
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