This article is machine translated
Show original

Magma helps the various stablecoins circulating within the Sui ecosystem maintain their value. Magma uses a stablecoin-specific, ultra-low-slippage algorithm to ensure that $USDC, $USDT, and the ecosystem's own stablecoins maintain a stable value of $1. Whenever a major market shock threatens to shake the peg, Magma's massive liquidity pool acts as a buffer, preserving trust in the ecosystem. Magma's role in establishing a foundation for investors to safely deposit their assets is a crucial core infrastructure service in the DeFi ecosystem. Even in volatile markets, isn't it thanks to Magma's stable system that we can all enjoy DeFi with peace of mind? The value of Magma, which plays a behind-the-scenes role in ensuring the ecosystem's stability, is even more evident.

Telegram
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments