Wave
From CryptoWiki
Basics
- From DeFi Weekly (3-2-2020):
"TLDR: It's Uniswap but just for stable coins. Why? Help build on-chain liquidity for transferring and supporting multiple stable coin pairings. It's a great public infrastructure tool but I think precisely just that. For starters, it allows more types of stable coins to be used in DeFi without DAI or USDC having an exclusive monopoly at the moment. From a value capture perspective, a 0.3% cut for liquidity providers for a paring which is theoretically meant to have the same price is absolutely tiny. Wave was started by the current CTO of NuCypher which I never understood the detailed value proposition for apart from "encryption as a service".
