Summary
- Paradigm has announced a new AMM protocol 'Orbitals' designed for more efficient management of stablecoin pools.
- Orbitals addresses the drawbacks of existing Uniswap V3 and Curve platforms and is expected to improve capital efficiency within liquidity pools that may include over 10,000 stablecoins.
- Paradigm noted that Orbitals is still in the design phase, but they are closely watching its potential to reshape the stablecoin liquidity ecosystem.
Paradigm, a crypto asset (cryptocurrency) investment firm, has unveiled a new automated market maker (AMM) designed to manage stablecoin (virtual assets pegged to fiat currency values) pools more efficiently.
According to The Block, a cryptocurrency-focused media outlet, on the 2nd (local time), Paradigm researchers announced their new AMM protocol, Orbitals, via a blog post, explaining, "Orbitals can address the shortcomings of Uniswap V3 and Curve, elevate concentrated liquidity to the next level, and further enhance capital efficiency."
According to Paradigm, Orbitals is an AMM mechanism developed to more efficiently operate liquidity pools containing up to over 10,000 different stablecoins.
Paradigm researchers stated, "While Orbitals is still in its early design stages, we are anticipating whether it can transform the future landscape of stablecoin liquidity."
The Block commented, "As interest in stablecoins is surging internationally, various companies are considering the adoption of stablecoins. However, despite the launch of many stablecoins recently, Tether (USDT) and USDC still capture the vast majority of the market share."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
