Liquidity
Deep
Liquidity that thins where it matters.
A concentrated AMM. Liquidity sits tightest where the trading is and widest where it isn't — one basis point of spread at the active price.
- $213.9M
- Total liquidity
- $360.8M
- 24h volume
- $212K
- 24h LP fees
- 11,597
- Providers
Adaptive strata · live layout
Why it's different
Four things every other AMM leaves on the table
Each one is a switch on the create tool. Migrated pools get a fixed preset.
Adaptive strata
Bin width is not a constant.
Liquidity sits in discrete price layers, so a fill inside the active layer has no slippage. The active layer is a single basis point and each step outward is wider — a 0.01% spread where the volume is, over a 0.27×–3.7× range, out of 57 accounts.
Directional flow fees
The two sides of a swap are not the same trade.
When the pool is holding too much of one asset, the trade that makes it worse pays a surcharge and the trade that fixes it gets a rebate — symmetrically, so the average fee is unchanged.
Time-weighted fee share
Fees follow liquidity × time, not liquidity.
A position's share of the fees ramps from 15% to full over a 3-day half-life, so just-in-time liquidity earns almost nothing.
An optional fee curve
Launch-grade fees do not belong on a $50M token.
Every pool picks a flat tier by default. Opt into the fee curve instead and the base fee decays with market cap, from 1.00% below $10K to 0.05% above $100.0M.
The fee curve
Cheaper as it grows
A new token is thin and volatile, so the fee starts high and falls as it grows — continuously, with no threshold to game.
Every bonding curve charges it from the first buy, and a migrated pool carries straight on down it. On a pool you open by hand it is a choice.
- 1.00%at or below $10K market cap
- 0.53%around $1M
- 0.29%around $10M
- 0.05%at or above $100.0M
85% of every fee reaches liquidity providers.
Drag it on the create tool to price your own pool.
What you can open
Five pool kinds, priced by what they cost to run
Creating a token is free, and so is the pool a bonding curve graduates into.
Opened automatically when a bonding curve graduates. Adaptive strata and directional fees are on, the LP is locked at creation, and there is nothing to configure.
Best for Graduating curves — you don't open one by hand.
Constant product across the full price range. The lowest-maintenance pool there is, and the least capital-efficient.
Best for Long-tail pairs, or anyone who wants to deposit once and forget it.
The concentrated pool. Liquidity sits tightest at the active price and widens outward, so the spread where the volume is can be a single basis point.
Best for Anything with real volume. The default for a serious pair.
An amplified curve for assets that track each other. Nearly flat through the peg and steep outside it.
Best for Stablecoin pairs, LSTs, an xStock against its own underlying.
Every knob unlocked: your own strata geometry, tilt and maturity parameters, an asymmetric range, and a fee floor you set yourself.
Best for Market makers and treasuries with a thesis about their own book.
Trust, checkable
Lock it, burn it, and let anyone verify it
Every pool carries its lock status on its card and its page. A time-lock is never shown as a permanent one.
Sent to the incinerator. Nothing to unlock.
Held in a vault with no withdraw path. Fees stay claimable.
Held until a date, with the days remaining shown.
The creator can withdraw at any moment.
Open pools
Pools you can join
