Apr 29, 2022
oUSD Metapool rebalancing: a win for arbitragers, swappers, and liquidity providers
Since Sirius Finance provides low slippage trades, users are available to swap a big amount of stablecoins between each other without harm:
The graphics above demonstrate how profitable it is to trade on Sirius Finance. On Sirius Finance, converting 1,000,000 USDC to BUSD can help you save $222 — $1,200.
It also gives arbitrageurs a good opportunity to earn from swapping oUSD to USDC due to the oUSD Metapool imbalance (50% of each asset is the perfect balance for the 4SRS/oUSD pool), where arbitragers can gain more USDC when the OTC price is $1 for each stablecoin.
But if you are going to trade in reverse, here is what can you get:
How to gain more LPs
If you are a liquidity provider, based on the oUSD Metapool asset balance(4SRS: 80.99% and oUSD: 19.00%), you can earn more LP tokens if you are depositing oUSD instead of depositing 4SRS, and lose fewer LP tokens if you are withdrawing 4SRS instead of withdrawing oUSD.
