Deploying a Stableswap-NG pool
For a better understanding of what Stableswap-NG is and how it differs from regular Stableswap pools, check this.
To start the pool creation process, navigate to the
POOL CREATION tab and choose the
The token selection tab can be used to select between two and four tokens.
A token can be selected by searching for the symbol of any token that is already being used on Curve, or by pasting the pool's address. Additional tokens can be added through the
Add token button.
StableSwap-NG supports various asset types:
- Standard: ERC20 tokens with no additional features.
- Oracle: tokens with rate oracles (e.g., rETH or wsETH).
- Rebasing: tokens that rebase (e.g., stETH).
- ERC4626: tokens with a
convertToAssetsmethod (e.g., sDAI).
ERC20:Users are advised to do careful due-diligence on ERC20 tokens that they interact with, as this contract cannot differentiate between harmless and malicious ERC20 tokens.
Oracle:When using tokens with oracles, its important to know that they may be controlled externally by an EOA.
Rebasing:Users and Integrators are advised to understand how the AMM contract works with rebasing balances.
ERC4626:Some ERC4626 implementations may be susceptible to Donation/Inflation attacks. Users are advised to proceed with caution.
Tokens with Oracles¶
Some tokens might require an oracle. In this case, when selecting a token that has an oracle, the corresponding box needs to be ticked, and an extra section for the contract address and oracle price method appears. Some tokens might retain their price oracle form a contract other than the token contract.
After selecting the tokens and possibly setting the oracles, parameters need to be set.
Stableswap-NG offers two different default Pool Parameter Presets:
Depending on the choice of the preset, some predefined parameters will be chosen. These are recommended parameters based on the chosen option. Ultimately, parameter values can be freely selected within the supported ranges.
Stableswap-NG introduces a dynamic fee. The use of the
Offpeg Fee Multiplier allows the system to dynamically adjust the fee based on the pool's state.
A tool to play around with the dynamic fee: https://www.desmos.com/calculator/zhrwbvcipo?
Swap Fee: The swap fee charged during transactions.
A: The amplification coefficient, which defines the pool's density.
Offpeg Fee Multiplier: A multiplier that adjusts the Swap Fee based on the pool's state.
Moving Average Exp Time: The moving average time window for the built-in oracle.
Finally, after setting all the parameters,
symbol can be chosen:
Deploying the Pool¶
On the right-hand side, there is a tab that summarizes all the tokens, parameters, and information. The pool can finally be deployed by pressing the blue
Create Pool button at the bottom.