What Is Smoothy?

2021-04-09 02:07:27 · 1191 views · 3 min read


Smoothy is a novel stablecoin swapping protocol that is capable of supporting multi stablecoins in a single pool with low-cost low-slippage swapping and maximum interest earning for LPs. You can regard it as a challenger of Curve finance. 



Features of Smoothy:

  • Reduce the gas fee by algorithm optimization


  • Single pool supporting multiple stablecoins with better liquidity

(Source: Smoothy Medium)



  • Maximum LP reward

In addition to governance token earnings, liquidity providers can gain swap fees together with interest earning and lower gas fees.


  • Zero-slippage swapping algorithm

Smoothy developed a SmoothSwap algorithm that can guarantee 1:1 ratio swap most of the time if the percentage of the token in the pool is lower than soft weights; if not, a swap is still allowed by imposing a penalty fee as slippage.

The current 8 stablecoins supported by Smoothy are USDT, USDC, DAI, TUSD, sUSD, BUSD, PAX, GUSD. The protocol endeavours to make sure they trade at 1:1 for most of the time.



Comparing Smoothy BSC and Smoothy Ethereum


Smoothy launched on Binance Smart Chain at 2 am UTC time on March 30th, and held an initial mining and airdrop event. 

Maybe due to the initial mining and airdrop event, Smoothy BSC's data all go up: the 7d users have increased to 36.68K by 183.62%. The 7d volume experienced a 44.52% growth to 176.52M. Total 301.14K transactions happened on the protocol in the past 7 days with a sharp increase of 248.82%. 



However, for Smoothy on the Ethereum blockchain, all the on-chain users, transactions and volume have dropped. The active users decreased by 64.55% in the past 7 days to 369. The 7d volume was just $48.21M with a 65.29% drop. The 7d transactions witnessed a 69.03% decrease to 1.21K.



Launched less than 7 days on BSC, the users, transactions and volume of Smoothy BSC have all exceeded the Smoothy ETH. 



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