diff --git a/src/app/about/page.tsx b/src/app/about/page.tsx new file mode 100644 index 0000000..36ea365 --- /dev/null +++ b/src/app/about/page.tsx @@ -0,0 +1,204 @@ +'use client'; + +import { useTranslation } from 'react-i18next'; +import { Card } from '@/components/ui/card'; + +export default function AboutPage() { + const { t } = useTranslation(); + + return ( +
+ A game-theoretic multi-asset AMM revolutionizing decentralized exchange +
++ Liquidity Party is a new game-theoretic multi-asset AMM based on the groundbreaking paper: +
+ ++ 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. +
++ Reduced slippage for small and medium trade sizes compared to CP markets +
++ Trade long-tail pairs in a single hop with multi-asset support +
++ Smaller spread means more cost-effective trading +
++ Enhanced liquidity depth for better trading execution +
++ According to game theory, CP's slope at the current marginal price 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. +
++ Naturally multi-asset, Liquidity Party altcoin pools provide direct, one-hop swaps on otherwise + illiquid multi-hop pairs. Pools will quote any pair combination available in the pool: +
+| Assets | +Pairs | +Swap Gas | +Mint Gas | +
|---|---|---|---|
| 2 | +1 | +131,000 | +143,000 | +
| 2* | +1 | +118,000 | +143,000 | +
| 10 | +45 | +142,000 | +412,000 | +
| 20 | +190 | +157,000 | +749,000 | +
| 50 | +1,225 | +199,000 | +1,760,000 | +
| 100 | +4,950 | +269,000 | +2,684,000 | +
* Stablecoin pair pool 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. +
++ Since market makers offer the option to take either side of the market, they must receive a subsidy + or charge a fee (spread) to compensate for adverse selection (impermanent loss). By protecting LPs + against common value-extraction scenarios, LMSR pools have a reduced risk premium resulting in lower + fees for takers. +
++ 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. +
++ 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:{' '} + + 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. +
++ Ready to experience the future of decentralized trading? +
+