AshSwap price

ASH

#5062

AshSwap is the very first stable-swap, an undoubtedly essential pillar in any DeFi ecosystem, built on the Elrond blockchain. Our ultimate vision is to serve as an infrastructure for the sustainable development of DeFi on Elrond.

Not only does AshSwap inherit the ideas from its predecessors, but it also introduces new and novel concepts to tackle the current problems in DeFi. The ASH token has many more use cases than just farming rewards and voting power representation.

AshSwap optimizes swaps between stablecoins and other stable value assets, making larger-size trades relative to liquidity possible without leading to drastic price changes.

Being able to trade assets at 1:1 rates is an essential prerequisite for the deployment of valuable DeFi use cases on any blockchain infrastructure and AshSwap is the first to open this path on the Elrond Network. The range of assets that could leverage such a market opportunity goes beyond stablecoins. Different versions of bridged and liquid staking assets also require such an environment to be exchanged in an optimal way.