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scrtlabs
Liquidity Book, highly-capital efficient Automated Market Maker
Project Description
Liquidity Book is an innovative Automated Market Maker (AMM) protocol designed to support high-volume trading with lower liquidity requirements. It introduces unique features that enhance the trading experience and optimize earnings for Liquidity Providers.
HackSecret Winners.
Trader-crow won first prize at the HackSecret Hackathon, which helped us to unlock a grant of $20k to bring Liquidity-Book to a secret network. "A 20,000 USD grant denominated in SCRT for the hackathon winner to bring their application to mainnet"
Key Features
- Zero Slippage: Liquidity Book allows traders to swap tokens with zero slippage within designated bins, ensuring optimal trading conditions.
- Surge Pricing: During periods of high market volatility, Liquidity Providers earn additional dynamic fees, increasing their potential earnings.
- High Capital Efficiency: Unlike many existing AMMs, Liquidity Book supports high-volume trading with significantly lower liquidity requirements.
- Flexible Liquidity: Liquidity Providers can strategically build flexible liquidity distributions according to their specific trading strategies.
Comparing Liquidity Book and Uniswap V3
While both Liquidity Book and Uniswap V3 operate as concentrated liquidity AMMs, there are a few key differences:
| Feature | Liquidity Book | Uniswap V3 |
|---|---|---|
| Price Ranges | Discretized into bins | Utilizes ticks |
| Invariant used | Constant sum | Constant product |
| Bin Steps/Tick Sizes | Can be more than 1 basis point | Generally 1 basis point |
| Liquidity Aggregation | Vertically aggregated | Horizontally aggregated |
| Fungibility of Liquidity Positions | Yes | No |
| Liquidity Distribution | Not restricted to uniform, can take any desired shape | Typically uniform across price range |
| Swap Fees | Fixed + variable pricing, allows higher fees during volatility | Fixed pricing |
| Zero Slippage | Yes | No |
| Surge Pricing | Yes | No |
| High Capital Efficiency | Yes | Variable |
| Flexible Liquidity Distributions | Yes | Limited |
Project Links
EVM Inspiration
Trader-Joe Website Trader-Joe Github Repo Trader-Joe Documentation
Team
Haseeb Saeed. Blockchain researcher turned Dev has contributed to the Secret network for almost 2 years. Core-Dev CryptoClerk.xyz. Some other unlaunched products with Shade protocol.
Kent : Core-dev Amber and Fortress labs. Has contributed to Secret for more than 18 months. Twitter Github
Request / Grant Usage
Grant Timeline Total Estimate: ~5-7 weeks
Cosmwasm contracts - (LbPair contract + LbFactory + LbToken) (~2-3 weeks) Cosmwasm contracts testing (~1-2 weeks) Internal audits (~2-3 weeks)
#Milestones Start: $10k in SCRT Testnet Launch: $5k in SCRT Main-net Launch: $5k in SCRT Finish: Delivery of Liquidity-book on SCRT Networks.
