Andre Cronje Develops a New ibAMM for Stablecoins

The approval would allow zero fees, zero slippage trades from MIM to ibEUR, ibCHF, ibJPY, ibKRW, and ibAUD.

In Brief:

Andre Cronje deployed an ibAMM to help users.
He is waiting for its official approval.
Keep3r launched a pool for stablecoins where they would provide interest for staking Forex stable coins.

Andre Cronje, the DeFi architect recently announced through a tweet that he has deployed an ibAMM to help users. Although he is still waiting for its official approval.

https://twitter.com/AndreCronjeTech/status/1468218063522832393

This would help users to interchange between various non-USD stable coins as per their convenience.

Additionally, if the approval arrives it would allow zero fees, zero slippage trades from MIM to ibEUR, ibCHF, ibJPY, ibKRW, and ibAUD.

Using this feature Keep3r, a decentralized keeper network for projects recently has launched a pool for stablecoins where they provide interest for staking Forex stable coins.

The current interest rates on various Forex stable coins on Keep3r are:

39.46% on GBP
34.95% on JPY
34.91% on CHF
34.82% on EUR
34.47% on KRW
32.45% on AUD

So users can choose accordingly, what they want to convert their stable coins into.

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