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Xave’s AMM infrastructure is purpose-built to support FX swaps, and uses a proprietary bonding curve we call the FXInvariant. This curve is optimized to mimic real-world FX markets, while setting programmatic thresholds that allow stablecoin pool ratios to snap back to ideal FX ranges to maintain pool health. You can read more about this here.
Xave’s FXPools uses Chainlink price feeds for each of the supported currencies.
Xave works with issuers that offer fiat-backed stablecoins denominated in a variety of the world’s currencies. Our focus is on supporting the growth of non-USD stablecoins, and we add new currencies on a regular basis.
The XAV token is built to a similar standard as Balancer’s BAL token, and is a key part of governance for setting FXPool parameters. Please review this page for a better understanding of how the process of locking XAV to mint veXAV works.
Last modified 20d ago