And cheap deploys lay the path towards permissionless pools and virtual swaps.
The Saddle AMM platform is rapidly evolving towards providing a high-liquidity marketplace for pegged value crypto assets in the DeFi sector. In addition to the existing BTC Pool [tBTC, WBTC, renBTC, sBTC], Saddle recently launched a new Stablecoin Pool — [USDC/USDT/DAI] — which currently holds approximately $11 million TVL.
The new Saddle Stablecoin Pool also supports flash loans, which will generate additional returns for liquidity providers. For the Stablecoin Pool, providers will earn from swap and flash loan fees. For the BTC Pool, providers can earn rewards from swap fees and KEEP incentives. As Saddle further integrates with aggregators, Saddle liquidity providers will benefit from increased trading volume. In the near future, Saddle will launch sUSD and sETH Pools.
Additionally, Saddle has increased platform scalability by updating our swaps to use minimal proxy contracts (EIP-1167), which allow us to launch future swaps with minimal deployment costs. This new functionality paves the way for permissionless pool creation by liquidity providers in the future.
The new stablecoin pool and infrastructure upgrades are major steps towards the launch of Virtual Swaps via Synthetix. Once live, Saddle’s integration of Virtual Synths will unlock deep on-chain liquidity between pegged value crypto assets for the entire crypto ecosystem — further establishing Saddle as the easiest way to trade and earn with pegged value crypto assets.