Olympus DAO will Soon Launch Range, a Stablecoin Exchange Protocol

TokenInsight news, Olympus DAO developer Zeus announced on his personal Twitter account the upcoming launch of Range, a stablecoin exchange protocol that builds Range Pools, an exchange pool that makes the assumption that the tokens in the pool all have the same value and can be exchanged at a 1:1 ratio. The tokens in the pool are kept within a predetermined range, e.g. 20%-70% DAI, and any transaction that would push the ratio out of this range is rejected. In this way, the exchange rate of stablecoins is guaranteed, Gas fees are reduced, capital utilization is improved, and risk is accurately assessed. The protocol is planned to support DAI, LUSD, FRAX, USDC, USDT, MIM and is not yet audited.