Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Introducing bitCow: bitSmiley's Premier Native Stablecoin AMM

Introducing bitCow: bitSmiley's Premier Native Stablecoin AMM

CointimeCointime2024/03/28 04:23
By:Cointime

In a stride towards enhancing the utility of its native stablecoin, bitUSD, bitSmiley proudly unveils its first native stablecoin Automated Market Maker (AMM) platform, bitCow.

bitCow introduces innovative mechanisms such as dual LP tokens, effectively eradicating losses during trading processes and streamlining asset management for users.

As outlined in the official roadmap, the forthcoming version 1 will prioritize the introduction of trading functionalities supporting native stablecoins pegged to Bitcoin. Subsequently, version 2 will focus on implementing more advanced automated concentrated liquidity AMM solutions, thus significantly bolstering the efficiency of utilizing Bitcoin-native assets.

bitCow signifies the premier project initiated by bitSmiley to cultivate its autonomous ecosystem, eliciting considerable anticipation for the future evolution of the bitSmiley ecosystem.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ChatGPT’s head of product to testify in the DOJ’s antitrust case against Google

Share link:In this post: ChatGPT’s head of product, Nick Turley, has been added as a witness for the United States Department of Justice (DOJ) in its antitrust case against Google. Nick Turley is the latest addition to the witness list that features representatives from Perplexity and Microsoft. Google ramps up preparation for Turley’s testimony by asking for documents related to the hearing from OpenAI through a subpoena.

Cryptopolitan2025/01/18 16:01

SEC charges New York blockchain engineer over GME rug pull fraud

Share link:In this post: Eric Zhu settled SEC fraud claims for orchestrating a rug pull scheme involving Game Coin. Zhu allegedly misappropriated $553K by moving unlocked liquidity provider tokens to his control. The case marks one of SEC Chair Gary Gensler’s final enforcement actions.

Cryptopolitan2025/01/18 16:01

Analyst Points to the Next Target on the Horizon After the Surge in Bitcoin: “If This Place Is Breached, The Next Stop Could Be 128 Thousand Dollars”

A crypto analyst has spoken about the next target for Bitcoin’s price after its recent rally. Here are the details.

Bitcoinsistemi2025/01/18 14:00