Gresham’s Law: Bad Money Drives Out Good
Level 4 - Turbo Autist
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In today’s post we talk about AMM pools and Gresham’s law.
Curve is an AMM DEX designed primarily for swapping stablecoins and the most important source of on-chain liquidity (and therefore price discovery) in stablecoins. We alerted on Twitter that the UST-3pool metapool was becoming imbalanced. What does this mean?
Normally a pool will ha…