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CROSS

Welcome to CROSS (Cronos Stable Swap)
Category
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Finance
Blockchain
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Cronos
Publisher
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CROSS Team
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What is CROSS?
CROSS is an automated market-maker ("AMM") on the Cronos chain designed for low-slippage trading of stablecoins and other pegged assets.

The first fundamental and core liquidity product is the signature Stablecoin Cross Pool with a basket of three dollar-pegged stablecoins consisting of USDC, USDT, DAI. The protocol intends to establish additional metapools as other stablecoins accumulate liquidity depth such as BUSD, UST, MIM, etc., as well as pegged blue-chip pools such as BTC and ETH in collaborative efforts with cross-chain protocols.

CROSS is an automated market-maker ("AMM") on the Cronos chain designed for low-slippage trading of stablecoins and other pegged assets.

The first fundamental and core liquidity product is the signature Stablecoin Cross Pool with a basket of three dollar-pegged stablecoins consisting of USDC, USDT, DAI. The protocol intends to establish additional metapools as other stablecoins accumulate liquidity depth such as BUSD, UST, MIM, etc., as well as pegged blue-chip pools such as BTC and ETH in collaborative efforts with cross-chain protocols.

In addition, being a stablecoin AMM is only the first step, and CROSS envisions building towards a Liquidity-as-a-Service protocol, where stablecoin stakers can enjoy high diversified risk-adjusted returns, single token stakers enjoy enhanced yields, and everyone wins with the improved liquidity depth of solid projects across the Cronos ecosystem.

CROSS is non-custodial, meaning the CROSS developers do not have access to your tokens.

Be a DeFi Trader
Buy CROSS now and join us in our journey to be the #1 stableswap on Cronos!

SWAP NOW
Be a Liquidity Provider

Learn the various ways to interact with the CROSS ecosystem!
Earn CROSS
Stake your tokens and earn CROSS today!
Information
Type
Automated Market Maker
Blockchain
Cronos
Platform
Windows, macOS
Publisher
CROSS Team
Version
v1
FAQ
CROSS is an automated market-maker ('AMM') on the Cronos chain designed for low-slippage trading of stablecoins and other pegged assets.
The first fundamental and core liquidity product is the signature Stablecoin Cross Pool with a basket of three dollar-pegged stablecoins consisting of USDC, USDT, DAI. The protocol intends to establish additional metapools as other stablecoins accumulate liquidity depth such as BUSD, UST, MIM, etc., as well as pegged blue-chip pools such as BTC and ETH in collaborative efforts with cross-chain protocols.
Swapping of tokens with unequal pricing (such as BTC to CRO) works very well with current AMM protocols, which tend to be based off the original Uniswap or Sushiswap protocols on the ETH Mainnet. However, this concept no longer holds when swapping between stablecoins, or tokens that are expected to be pegged to a similar price (in this case it is US$1.00). Swapping large amounts of stablecoins expose you to not only higher swap fees (typically 0.3%) on each routing but also on multiple routes (say, a USDC->USDT->DAI route). Depending on the liquidity depth of each two-sided LP pool, your slippage can also vary.
Most of the starting liquidity after launch will be in CROSS-xUSD CLP on Cronaswap. In order to buy CROSS you will need xUSD. You can mint xUSD by depositing stablecoins into the Stablecoin Cross Pool.
Alternatively, you can buy CROSS with CRO on Cronaswap. However, liquidity will be very thin after launch and you may need to wait for liquidity to deepen before doing so
Flash loans are a feature designed for developers, due to the technical knowledge required to execute one. Flash Loans allow you to borrow any available amount of assets without putting up any collateral, as long as the liquidity is returned to the protocol within one block transaction. To do a Flash Loan, you will need to build a contract that requests a Flash Loan. The contract will then need to execute the instructed steps and pay back the loan + interest and fees all within the same transaction.
Swapping Steps
Step 1: Select the source token and select the target token.
Step 2: Enter the number of tokens you wish to sell. You will see how many new tokens you will receive, the price impact and the total fee.
Step 3: Click the “Advanced Options” link to select options like slippage and txt deadline. Click the “Swap” button.
Step 4: Double-check your transaction details and click the “Confirm swap” button.
In order to allow CROSS to access the tokens in your wallet, you will be prompted to agree to a small fee associated with this initial connection process. This fee is compulsory, because it is charged by the blockchain, not the CROSS platform. Allowing CROSS to access your tokens is completely safe and the CROSS platform cannot perform any transactions without your prompt and confirmation. You can disconnect your wallet at any time.
Step 5: Wait for the transaction to complete.
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