The D4 Pool launches on Saddle with Alchemix, Fei, Frax, and Liquity!
We recently announced the launch of the alETH Alchemix pool on Saddle. Launching more pools is an essential aspect of the ongoing Saddle roadmap towards creating more cost-efficient, user friendly, and low-slippage ways for DeFi users to trade between pegged-value crypto assets.
**Update as of July 13, 2021**
Rewards for the D4 Pool are live! You can now earn $TRIBE $FXS $LQTY $ALCX when you provide liquidity to Saddle’s D4 Pool and stake your D4 LP tokens.
Provide liquidity at saddle.exchange and stake LP tokens on Frax Finance.
The D4 (decentralized) Pool
Saddle is launching the D4 pool to offer DeFi users a liquidity pool consisting entirely of permissionless, decentralized stablecoins. Though stablecoins like USDC, USDT, and Dai are heavily utilized throughout the DeFi ecosystem, they are not permissionless. For example: USDC and USDT are managed by centralized organizations with varying degrees of transparency in regards to the collateral reserves and token supply; these organizations also have the ability to blacklist specific addresses. In contrast, the D4 Saddle pool is composed entirely of permissionless stablecoins, ensuring that users can participate without any restrictions or blacklisting.
alUSD is a yield-backed synthetic stablecoin minted via Alchemix Finance, a DAO-governed synthetic asset platform.
FEI is a scalable and decentralized stablecoin that leverages protocol controlled value (PCV) for peg maintenance while maintaining highly liquid secondary markets.
FRAX is a fractional-algorithmic stablecoin that is partially backed by collateral and partially stabilized algorithmically.
LUSD is the USD-pegged stablecoin of the Liquity decentralized borrowing protocol.
Head to saddle.exchange and visit the D4 pool to provide liquidity or trade between alUSD, FEI, FRAX, and LUSD.