Share this article
BTC
$95,858.95
-
0.47%ETH
$1,838.70
-
0.16%USDT
$1.0011
+
0.07%XRP
$2.1917
+
0.00%BNB
$589.76
-
1.56%SOL
$147.10
-
0.38%USDC
$1.0009
+
0.08%DOGE
$0.1731
-
1.90%ADA
$0.6885
-
2.47%TRX
$0.2475
+
0.84%SUI
$3.3320
+
0.27%LINK
$14.17
-
0.85%AVAX
$20.19
-
2.68%LEO
$9.0945
+
1.29%XLM
$0.2692
-
0.65%TON
$3.0590
-
1.39%SHIB
$0.0₄1285
-
1.43%HBAR
$0.1789
-
1.07%BCH
$358.38
-
1.66%HYPE
$20.49
-
3.07%25:22:53:39
25
DAY
22
HOUR
53
MIN
39
SEC
Bridged Stablecoins on Solana Get a Boost With Mercurial Finance Pools
Solana DeFi users can now swap wrapped stables via a Mercurial Finance liquidity pool.
Updated May 11, 2023, 7:02 p.m. Published Sep 25, 2021, 12:26 a.m.
Mercurial Finance has launched a liquidity pool for Wormhole wrapped stablecoin assets, the decentralized exchange announced Friday.
- Mercurial Finance is conceptually similar to Ethereum-native Curve Finance, a decentralized exchange optimized for swapping like-assets such as two different stablecoins. Mercurial is backed by the DeFi Alliance incubator.
- Wormhole has been expanding aggressively to new asset types, and with new functionalities. Earlier in the month, Wormhole v2 launched to provide a bi-directional bridge for a variety of tokens, including non-fungible tokens (NFTs).
- In a tweet today, Mercurial Finance wrote that the pools will help ensure the end-to-end decentralization of stablecoin assets on Solana.
- A press release from Mercurial said users who provided liquidity to the USDC-wUSDC-wUSDT-wDAI cross-chain pool could earn up to 159.5% APY. The yield currently sits at 33%.
- Jump Crypto is a lead contributor to Wormhole, and the firm has also backed and helped to develop the Solana-native oracle service Pyth.
We think this is a very important step in making liquidity work seamlessly across chains in a fully decentralized manner, and we have created a step by step guide for you to do so. https://t.co/ftxrLbVRDT
— Meteora (@MeteoraAG) September 24, 2021
Hubi Test May 2 2025 3
Keep WatchingNext video in 10 seconds
More Videos
0 seconds of 9 minutes, 56 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
Keyboard Shortcuts
Shortcuts Open/Close/ or ?
Play/PauseSPACE
Increase Volume↑
Decrease Volume↓
Seek Forward→
Seek Backward←
Captions On/Offc
Fullscreen/Exit Fullscreenf
Mute/Unmutem
Decrease Caption Size-
Increase Caption Size+ or =
Seek %0-9
Next Up
Hubi Test May 2 2025 23
10:53
Live
00:05
09:51
09:56
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto for Advisors Newsletter today. See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
UPDATE (Sept. 25, 14:15 UTC): Adds current APY.
Andrew Thurman
Andrew Thurman was a tech reporter at CoinDesk. He formerly worked as a weekend editor at Cointelegraph, a partnership manager at Chainlink and a co-founder of a smart-contract data marketplace startup.
