diff --git a/public/slippage-comparison.png b/public/slippage-comparison.png new file mode 100644 index 0000000..8da69a0 Binary files /dev/null and b/public/slippage-comparison.png differ diff --git a/src/app/about/page.tsx b/src/app/about/page.tsx index 47071af..da94579 100644 --- a/src/app/about/page.tsx +++ b/src/app/about/page.tsx @@ -11,10 +11,10 @@ export default function AboutPage() { {/* Header */}
- A game-theoretic multi-asset AMM revolutionizing decentralized exchange + Multi-asset AMM based on Party Game Theory.
+ Our formulation and implementation is described in the{' '} + + Liquidity Party whitepaper. + +
A Logarithmic Market Scoring Rule (LMSR) is a pricing formula for AMMs that know only their current asset inventories and no other information, naturally supporting multi-asset pools. @@ -45,11 +55,11 @@ export default function AboutPage() {
- Reduced slippage for small and medium trade sizes compared to CP markets + Reduced slippage for small and medium trade sizes
Trade long-tail pairs in a single hop with multi-asset support
@@ -68,10 +78,17 @@ export default function AboutPage() {- According to game theory, CP's slope at the current marginal price is too steep, overcharging takers + According to game theory, the initial price slope of a Constant Product AMM is too steep, overcharging takers with too much slippage at small and medium trade sizes. LMSR pools offer less slippage and cheaper - liquidity for the small and medium trade sizes common for arbitrageurs and aggregators. + liquidity for the small and medium trade sizes used by real traders.
+
+ * Stablecoin pair pool optimization
+* Stablecoin pair optimization
Liquidity Party aggregates scarce, low market cap assets into a single pool, providing one-hop liquidity - for exotic pairs without fragmenting LP assets. CP pools would need 190x the LP assets to provide the same - pairwise liquidity as a single 20-asset Liquidity Party pool, due to asset fragmentation. + for exotic pairs without fragmenting LP assets. Constant Product pools would need 190x the LP assets to provide the + same pairwise liquidity as a single 20-asset Liquidity Party pool, due to asset fragmentation.
@@ -158,45 +175,64 @@ export default function AboutPage() {+ All AMM's suffer from Impermanent Loss (IL), also known as adverse selection or toxic order flow. Liquidity + Party uses game theory to minimize IL for LPs, by charging lower fees to small legitimate traders, and + higher fees to large adversarial traders during market dislocation. This means a higher effective rate + for LP's and cheaper swaps for legitimate small traders. +
+
+ Liquidity Party swaps guarantee a bounded maximum loss of κ*S*ln(N) where κ is
+ the pool's liquidity parameter, S is the total size of the pool, and N is the
+ number of assets in the pool.
+
- LMSR minimizes impermanent loss for liquidity providers. Traditional CP pools expose LPs to value - extraction, leading to higher fee demands than theoretically necessary. By minimizing impermanent - loss for LPs, LMSR pools reduce the risk premium, providing lower fees and higher liquidity for takers. + Other multi-asset systems can provide inconsistent price quotes, allowing arbitragers to + extract value from LP's by trading assets inside the same pool against each other. With Liquidity + Party, no intra-pool arbitrage is possible, because the mathematics guarantee fully consistent price + quotes on all pairs in the pool.
- Liquidity Party is built in the open — transparently, collaboratively, and for the benefit of the broader DeFi ecosystem. - Our full codebase is available under open-source licenses found here:{' '} + The Liquidity Party contract source code fully transparent to the public and verified by Etherscan. +
++ View our contracts on GitHub:{' '} - https://git.dxod.org/explore/repos - . + https://git.dxod.org/explore/repos +
- We believe that decentralized finance should be verifiable and permissionless from the ground up. - By open-sourcing our smart contracts, math models, and protocol components, we empower developers, researchers, and liquidity providers to audit, extend, and innovate on top of Liquidity Party. -
-- Contributions, audits, and discussions are welcome — join the party and help shape the future of multi-asset liquidity. + Verify our contracts on Etherscan (Sepolia):{' '} + + https://git.dxod.org/explore/repos +
- Ready to experience the future of decentralized trading? + Liquidity Party is offered by Dexorder Trading Services, Ltd. (British Virgin Islands)