DeHive releases Stable Curve Europool on Polygon Chain
A couple of weeks ago, we shared an article about stablecoins and all the benefits of stablecoin staking. They are truly a great instrument and one of our favorite parts of the DeFi world since they enable stability even at times of fluctuations or market recession.
That’s why a big part of the development in DeHive is dedicated to stable instruments. We have created Stables — pools of stablecoins that allow yield-farming on different chains. Recently, we have also modernized all the smart contracts responsible for Stables with a number of technical updates.
And today, we are happy to say that we are releasing a new tool, Stable Curve Europool on the Polygon chain.
What is Stable Curve Europool?
Stable Curve Europool is a new DeHive Stable on the Polygon chain. The Stable will contain four underlying assets: DAI, USDT, USDC, EURT.
However, despite the fact that there are four coins at the core of the Europool Stable, users will only be able to stake three of them: DAI, USDT, USDC.
In other respects, Stable Curve Europool will be pretty similar to other DeHive Stables. Users won’t need to do much to assemble the Stable — it’s all done on the platform with one button.
Here’s a short guide on how to start using Stable Curve Europool:
- Connect your wallet in the DeHive app.
- Choose the Polygon network in the top-right corner of the screen.
- Open the Stables tab.
- Click the Stake button in front of the needed Stable.
- Then indicate the amount of each stablecoin you’d like to stake and follow the instructions on the screen.
You can stake all three stablecoins at once, only one of them, or any combination of two.
We’ll enable our traditional incentivization in the DHV token in the Europool Stable as well. It will last for one month.
Please note that as you decide to leave the Europool Stable, you’ll need to pay a commission of 0.3% in the stablecoin you are unstaking.
More instruments are on their way, so don’t miss out!