Drachma Exchange is a multichain stableswap 2.0 on Solana with low slippage, robust stability, and high scalability. Drachma aspires to become the standard Stableswap platform based on Solana technology. The protocol is intended to address the aforementioned concerns and provide all traders in the cryptosphere with a better performing DeFi protocol that provides reduced slippage, greater scalability, and a far better user experience than has previously been available.

Additionally, users can give unilateral liquidity using Drachma. Rather than using pools of token pairs and bundles to record assets and liabilities, it utilizes token accounts. This design enables the provision of single-sided liquidity. Furthermore, it uses coverage ratio as the input parameter for AMM (rather than liquidity), removing the same liquidity equilibrium constraint from Curve’s Stableswap invariant and allowing the token to develop organically in accordance with its inherent demand and supply. Additionally, this design allows for the addition of new tokens to the existing pool, significantly increasing the protocol’s scalability and capital efficiency. For instance, while the protocol may begin with the base three tokens (USDT, USDC, and USDH), the project may gradually add more tokens to the large pool (for example, TUSD, FRAX) to facilitate shared liquidity. This concept is referred to as an “Open Liquidity Pool“.