Stableswap pools are specialized liquidity pools designed for assets with similar prices, such as USD stablecoins or wrapped BTC variants. Unlike traditional Cryptoswap pools, Stableswap pools prioritize minimal price impact during trades, making them ideal for stablecoin arbitrage and low-slippage swaps.
How Stableswap Pools Work
A Stableswap pool typically holds 2–8 assets that maintain near-parity in value. For example:
- A USDT/crvUSD pool might hold $9M USDT and $1M crvUSD.
- Despite the imbalance, trading 1 crvUSD would yield ~1.001 USDT due to the pool’s algorithmic design.
⚠️ Important: Depositing exposes you to all assets in the pool. During a depeg event, arbitrageurs may concentrate the pool with the devalued asset.
👉 Explore Stableswap mechanics
Step-by-Step Deposit Process
This guide uses Curve’s 3Pool (USDC/USDT/DAI) as an example.
1. Depositing Assets
- Navigate to the 3Pool deposit page.
Choose assets to deposit (single or multiple).
- Pro Tip: Enable "Add all coins in a balanced proportion" to avoid price impact.
- Approve the Curve contract (first-time only).
- Click
Depositto mint LP tokens.
📌 LP tokens represent your share of the pool and accrue trading fees instantly.
2. Staking for Rewards
To earn CRV and other incentives:
- Select the
Staketab. - Approve the Reward Gauge (first-time).
- Stake your LP tokens.
Combined Deposit & Stake
Save time by merging both actions:
- Select
Deposit & Stake. - Enter deposit amounts.
- Approve and execute.
👉 Maximize rewards with CRV locking
FAQ
Q1: Can I deposit a single asset?
Yes, but your LP tokens will represent a share of all pool assets.
Q2: How do rewards accrue?
- Trading fees: Earned immediately after depositing.
- CRV rewards: Require staking LP tokens in the gauge.
Q3: What’s the benefit of balancing deposits?
Depositing underweight assets may grant bonus LP tokens due to favorable exchange rates.
Key Takeaways
- Stableswap pools minimize slippage for stable assets.
- Always stake LP tokens to unlock CRV rewards.
- Monitor pool composition to mitigate depeg risks.
For advanced strategies like CRV boosting, review Curve’s official resources.
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