Agora Stable Swaps

Why Agora Stable Swaps?

Stablecoins and tokenized RWAs typically trade close to their redemption price, but inefficiencies in traditional liquidity pools often result in unwanted slippage and increased transaction costs. Agora Stable Swaps offers verified users seamless, fixed-price swaps, eliminating price uncertainty and significantly lowering transaction costs.

Overview

Agora Stable Swaps enables the exchange of stablecoins and RWAs, allowing trades at fixed, predictable prices without typical market slippage or price impact. It is tailored for users seeking token swaps within a secure environment without the need for trusted intermediaries, prioritizing execution efficiency and reducing market impact. Agora Stable Swaps is available as open-source software on GitHub under the BUSL-1.1 License.

The Stable Swap facility adheres to the Uniswap-v2 interface and is available exclusively to verified platform users through a protected whitelist.

Ecosystem Participants

Unlike most decentralized liquidity protocols, Agora Stable Swap does not rely on external Liquidity Providers (LPs). Instead, liquidity management is handled by Agora’s team, which oversees inventory and redemption across chains to guarantee a fixed exchange price between stablecoins and RWAs. Unlike typical decentralized exchanges, Agora Stable Swap pair pricing does not rely on the Constant Product formula, enabling users to rebalance their portfolios without price impact.

Agora Stable Swaps prioritizes regulatory compliance and user security. All participants undergo thorough Know-Your-Customer (KYC) verification, ensuring compliance with relevant anti-money laundering (AML) and financial regulation. Additionally, our smart contracts have undergone rigorous audits, reinforcing trust and reliability.

Whitelisted Users

Users verified through Agora’s KYC system are eligible to be whitelisted for interacting with the pair contracts, allowing swap execution at any time.

• DAPP Users: Users interacting directly with the decentralized application through their wallet, benefiting from predictable swap rates and instant liquidity.
• Arbitrageurs: Traders who identify price inefficiencies across platforms. They help equalize prices across the broader DeFi ecosystem, promoting fair valuations aligned with underlying token redemption price.
• Liquidity Aggregators and Smart Contracts: Automated systems leveraging Agora’s predictable pricing for optimal trade execution across multiple platforms, significantly enhancing their operational efficiency.