Uniswap V4 Introduces Sky Stablecoin Conversion Module for Zero-Slippage Large Swaps

◎ Half a month ago, Spark deployed $150 million in stablecoin liquidity on Uniswap V4, covering trading pools like USDS/PYUSD and USDS/USDT. ◎ Today, Uniswap has further integrated Sky's official stablecoin conversion module, allowing stablecoins like DAI, USDS, and USDC that support official conversion paths to complete large swaps at nearly a 1:1 price. This is a big deal for whales and institutions. Previously, swapping stablecoins at the million-dollar level often incurred slippage costs of tens of thousands or even hundreds of thousands of dollars. Now, for stablecoins that support official conversion paths, large swaps are almost unaffected by AMM slippage. From the results, in stablecoin swap scenarios involving DAI, USDS, and USDC, Uniswap has gained a clear advantage over Curve. However, the true enabler of this zero-slippage swap capability is not Uniswap itself but Sky's official conversion mechanism, combined with Spark's substantial liquidity provision. In essence, Uniswap gets the spotlight, while Sky and Spark provide the substance—making this a win-win-win for all three parties.