[ swap ]
Swap
Trade tranche tokens against the underlying stablecoin on the AMM. This price is set by pool liquidity — a separate number from redemption value, which is what the contract owes.
Liquidity pools (0)
No liquidity pools yet.
Swap price is set by this pool’s reserves at the moment you trade — a thin pool moves price further per unit traded than a deep one. It has nothing to do with a tranche’s redemption value, which accrues deterministically regardless of what any pool is doing.