Stable-Basepool Launch and Farms Retirement

Our much-anticipated stablecoin basepool is finally launching tomorrow! As part of the Moonbeam Ignite campaign, the basepool would be boosted with ecosystem liquidity incentives in the form of GLMR and STELLA. The basepool would feature 4 of the biggest stablecoins in the cryptocurrency market: USDC.wh, USDT(native), BUSD.wh and FRAX.

As part of the continual efforts to streamline trade efficiency and maximize tokenholder value, several unproductive and interim farms will be retired with the launch of the basepool.

Basepool Launch Details

The basepool will be launched with 2 Wormhole-bridged assets — USDC & BUSD — as well as 2 native assets in the form of USDT & FRAX. Having a good mix of bridged and native assets is vital in balancing efficient TVL accrual and ecosystem security.

Here is the details of the farm launch;

⭐️ 4Pool Basepool: USDC.wh, USDT(native), BUSD.wh, FRAX
⭐️ Bridge for USDC & BUSD: Wormhole (Guide to bridging)
⭐️ Native USDT: XCM (Guide to getting native USDT)
⭐️ Daily Emissions: 340 GLMR + 2,297 STELLA
⭐️ Launch Date: 21 October | 15:00 UTC

Introducing: Native USDT

We’re proud to be one of the first DEX to include native USDT into the basepool. This is a strategic decision to enhance ecosystem security, since native assets do not possess bridge risk.

Here are the steps required to get native USDT to stake into the basepool:

If you cannot open up a Bitfinex account due to regulatory reasons, we encourage you to get native USDT by swapping.

Emission Changes & Farm Retirement

In the continual pursuit of enhancing the protocol and ensure its sustainability, StellaSwap will reduce the emissions of several ‘unproductive’ farms in order to tighten emissions and maximize tokenholder value.

Changes in Emissions

After extensive analysis on StellaSwap, we have identified several unproductive farms that do not have sufficient trading volume. Continuing daily emissions of STELLA for unproductive farms will not be optimal as it erodes the value for other tokenholders.

The following farms will see a reduction in emissions once the basepool launches;

⭐️ ATOM-GLMR: 🔽800 Stella Per Day (50% decrease)
⭐️ AVAX-GLMR: 🔽750 Stella Per Day (30% decrease)
⭐️ STELLA-GLMR: 🔼9,000 Stella Per day (20% increase)

Farms Retirement

We will retire several ‘unproductive’ farms as well as interim farms (farms that were set-up post-Nomad) in order to tighten emissions and channel these savings into the newly-launched basepool. Additionally, the reconfiguration of these farms will also improve the trade routes on StellaSwap, ensuring that users will access the best prices with limited slippage, which refers to the difference between the expected price of a trade and the price at which the trade is executed.

The following farms will be retired once the basepool launches;

⭐️ USDC.multi — BNB.multi
⭐️ BUSD.multi — GLMR
⭐️ FTM— GLMR
⭐️ FRAX— GLMR

About StellaSwap

StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. StellaSwap’s products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.

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StellaSwap

StellaSwap.com, Leading Moonbeam DEX and DeFi gateway on Moonbeam. Swap, earn & stake effortlessly from a single unified platform.