ChainCatcher news, Oasis announced a partnership with Thorn Protocol, which will build a native Stableswap protocol on Oasis Sapphire and receive a $30,000 grant. Stableswaps adopt an AMM system aimed at facilitating the exchange of stablecoins with minimal slippage. The protocol is planned to launch at the end of the second quarter, including the launch on the Sapphire testnet and mainnet, and the development and integration of an abstract wallet for smart trading strategies (referred to as the AI wallet).

ChainCatcher news, according to official sources, the DeFi stablecoin trading platform Curve Finance has initiated a proposal for the next-generation restructured stable liquidity pool, Stableswap Pool, which opened community voting on August 8.It is reported that the fees for the Stableswap Pool launched by Curve Finance will be reduced by 4 basis points. Current voting information shows that the approval rate is 100%, and the voting will end on August 15.

ChainCatcher news, the Avalanche ecosystem StableSwap project Platypus announced that it is formulating a user loss compensation plan and reminded users not to repay the stablecoin USP. In addition, liquidation has been paused, and users do not need to worry about liquidation issues.Platypus also stated that some funds are trapped in AAVE, so it is exploring a possible way to recover these funds, which will need to be proposed and passed through a recovery proposal on the AAVE governance forum.ChainCatcher previously reported that on February 17, Platypus stated that its native stablecoin USP had suffered a hack and is formulating a comprehensive recovery plan, and will keep the community updated on the latest developments. (source link)

ChainCatcher news, the DEX Osmosis on the Cosmos chain has announced the launch of the stablecoin trading protocol "stableswap," aimed at helping users exchange large amounts of stablecoins with minimal price impact, and promoting Osmosis as the primary venue for accessing and trading stablecoins in Cosmos, currently supporting USDC, USDT, BUSD, and others. (The Block)

ChainCatcher news, the Avalanche ecosystem StableSwap project Platypus announced the launch of its native stablecoin USP, which is an over-collateralized stablecoin pegged to the US dollar. Platypus stated that the stablecoin will use the TVL of its stablecoin swap protocol as LP collateral, and will also utilize the algorithm of the stablecoin swap protocol as a mechanism to maintain the peg.ChainCatcher previously reported that in December 2021, Platypus completed a $3.3 million funding round, led by Three Arrows Capital and DeFiance Capital, with participation from 0xVenturesDAO and Avalanche. (source link)