KittyPunch StableKitty Review 2026: Flow Stableswap in Beta

KittyPunch StableKitty is a decentralized exchange on the Flow network focused on stable swaps. It is part of the wider KittyPunch ecosystem, which also includes the PunchSwap core app, and it has been tracked since February 2025.

The app offers swapping, liquidity pools, farms and a stablecoin bridge page. Its pitch is low slippage and capital efficiency for assets that trade near the same price, with a playful cat-themed interface.

The homepage states plainly that StableKitty is in early beta and that users may hit bugs. Total value locked is about 1.7 million USD, down about 1.1 percent over the last seven days. No audits are listed in the data and the project has no token of its own.

StableKitty is an automated market maker. Instead of an order book, users trade against pools of tokens that liquidity providers have deposited. A pricing curve sets the exchange rate based on pool balances.

Stable swap curves are tuned for assets that should hold the same value, such as different dollar stablecoins. This keeps the price flat across a wide range of pool balances, so trades see less slippage than on a standard constant-product pool.

The homepage lists three pool designs. Super Stable pools are for stablecoins and support up to 10 tokens. Two Kitty pools handle pairs with varying volatility using dynamic fees and concentrated liquidity. Tri Kitty pools are three-token pools with price-responsive liquidity and customizable parameters. Liquidity providers can earn from fees and from farms.

The homepage does not publish a fee schedule. It describes Super Stable pools as having low fees and Two Kitty pools as using dynamic fees, but gives no percentages. Users would see the exact swap fee for a pool in the Swap and Pools pages before confirming a trade.

As on any Flow transaction, a network gas fee also applies. Liquidity providers should check how fees are shared and whether farm rewards are paid in a separate token.

No audits are listed, and the homepage Audits heading names no reports. The homepage itself says the app is in early beta and users should expect occasional bugs. Smart-contract risk, pool imbalance and stablecoin depegs are the main concerns for anyone trading or providing liquidity.

The exchange is non-custodial in the usual DEX sense: users connect a wallet and keep their keys. The project does not publish team details in the available pages, and there is no mention of insurance. Start with small amounts and read the documentation and disclaimer linked from the site.

StableKitty suits Flow users who swap stablecoins regularly and liquidity providers comfortable with beta software and smart-contract risk. It is a poor fit for large traders who need deep liquidity, or for anyone who requires audited contracts before using a protocol.