HOBO SWAP

THIS CONTAINS THE FULL FEATURES OF OUR DEX

Hobo swap is a noncustodial automated market maker for Stable coins and Erc20 tokens, it’s a dex that allows for the trading of multiple cryptocurrencies without the intervention of any centralized entity or middle man

HOBO SWAP IS DIVIDED INTO TWO PARTS

1. A NORMAL DEX FOR ERC20 TOKENS

2. A DEX FOR STABLE COINS

STABLESWAP

The protocol achieves extremely efficient stablecoin trades by implementing the StableSwap invariant, which has significantly lower slippage for stablecoin trades than many other prominent invariants (e.g., constant-product). Note that in this context stablecoins refers to tokens that are stable representations of one another. This includes, for example, USD pegged stablecoins (like DAI and USDC), but also ETH and SETH (synthetic ETH), CORE and STCORE (staked core) or different versions of wrapped BTC.

The liquidity pool is essentially a smart contract that implements the StableSwap invariant and therefore contains the logic for exchanging stable tokens. However, while all pools on the dex implement the StableSwap invariant, they may come in different pool flavors. In its simplest form, a HOBO pool is an implementation of the StableSwap invariant with 2 or more tokens, which can be referred to as a plain pool. Alternative and more complex pool flavors include pools with lending functionality, so-called lending pools, as well as metapools, which are pools that allow for the exchange of one or more tokens with the tokens of one or more underlying base pools.

MORE DETAILS INCLUDING SOURCE CODE WILL BE RELEASED AFTER THE LAUNCH OF OUR PROTOCOL.