THE RATE WANDERS
A stable pair moves away from its intended exchange rate.
Unofficial meme inspired by StablePair Hook
BOTS
REACH.
YOINK!
A stable pair drifts. Arbitrage bots reach for the value. The hook scales the fee. LPs get paid.
$YOINK — THE SOUND STABLEPAIR HOOK MAKES.
FEE-FI-FO-YOINK!
YOINKY · HOOK STATUS: HUNGRY
The Peg Lab
MOVE THE PEG.
WAKE THE HOOK.
Slide the example rate away from $1 and watch Yoinky react. The farther the drift, the hungrier the hook.
STABLE A / STABLE B
CONCEPT SIMULATION$1.0000 RATE
$0.9700$1.0000$1.0300
Illustrative interaction only. It does not reproduce or quote the deployed StablePair Hook fee curve.
StablePair Hook
FOUR BEATS.
ONE YOINK.
The Meme is simple because the mechanism is simple enough to see.
BOTS SEE VALUE
Arbitrage activity arrives to trade the difference.
THE FEE SCALES
StablePair Hook adjusts the LP fee as the drift changes.
LPs COLLECT
Swap fees accrue directly to the pool's liquidity providers.
The Flip
SAME DRIFT.
DIFFERENT WINNER.
BOTS LOVE A CHEAP WAY BACK TO THE PEG.
A fixed fee cannot react when the value of correcting a drift changes.
THE FARTHER THE DRIFT, THE HARDER THE YOINK.
The fee can adapt at swap time, capturing more of the opportunity for LPs.
Meet Yoinky
THE HOOK
HAS A FACE.
Yoinky sleeps beside the $1 peg. When a stable pair starts wandering, one eye opens. When a bot reaches in, Yoinky does what Yoinky does.
YOINK!
$YOINK