💲Stable Swaps

By leveraging the ability to authorize bulk intents with a single transaction, a user may participate in extremely efficient market making for stable pairs while retaining full custody of the same effective dollar value, assuming the peg or backing for each remains stable. With a single transaction, the user authorizes a 1:1 order for each stable coin permutation ranging from $5 to $10,000, at $5 increments. This results in roughly 24 thousand orders. Unlike standard limit orders which may only execute once, these are authorized as perpetual authorizations and may be repeated until the user cancels the instruction. Trades initiated by market takers can then repeatedly utilize any stable coin liquidity in the user's smart account by trading it for any stable pair. Each time liquidity is used in this way the user earns market making fees. Throughout this process, the user retains custody of the same total stable coin value and may continue to trade and place other orders or DeFi operations while market making in this way. This achieves a form of liquid market making for stable coins.