Profit By Waiting: AMMs for Redeemable Derivatives
Exit Queues and How They Create OpportunitiesWait 7 days to get your assets back, or redeem them instantly for a fee. A market can be formed wherever there are preferences between participants. Markets are full of yield-bearing derivatives that can be converted to their underlying value over a redemption period. Whether it's an LST, a real-world asset (RWA), a structured vault, or another yield-bearing derivative, market makers can profit by providing instant liquidity to traders looking...
Profit By Waiting: AMMs for Redeemable Derivatives
Exit Queues and How They Create OpportunitiesWait 7 days to get your assets back, or redeem them instantly for a fee. A market can be formed wherever there are preferences between participants. Markets are full of yield-bearing derivatives that can be converted to their underlying value over a redemption period. Whether it's an LST, a real-world asset (RWA), a structured vault, or another yield-bearing derivative, market makers can profit by providing instant liquidity to traders looking...
Valantis: Reimagining the DEX
The Valantis Core Protocol is a bottom-up approach to rethinking DEXes that supports a more open, efficient, and modular future for DeFi’s most fundamental primitive. A definition this abstract can be difficult to understand on a more practical level, especially for users who are just looking for good products. This piece is intended to shed some light on our vision and set the stage for what’s to come in the Valantis Ecosystem.Why We Need More DEXesDeFi reuses general-purpose primitives for ...
Valantis: Reimagining the DEX
The Valantis Core Protocol is a bottom-up approach to rethinking DEXes that supports a more open, efficient, and modular future for DeFi’s most fundamental primitive. A definition this abstract can be difficult to understand on a more practical level, especially for users who are just looking for good products. This piece is intended to shed some light on our vision and set the stage for what’s to come in the Valantis Ecosystem.Why We Need More DEXesDeFi reuses general-purpose primitives for ...
A Brief History of Decentralized Order Flow Acquisition
* A special thanks to Filius from the GlueX team and the Barter team for continuous enlightenment on the solver workflow. Your liquidity is only discoverable by those who are looking for it, and in the dark forest, those are seldom your friends. Order flow is essential to making LPs profitable—yet getting trades from real users routed to a new Decentralized Exchange is unexpectedly complex. This piece will discuss the historical primitives for matching retail order flow with onchain liquidity...
A Brief History of Decentralized Order Flow Acquisition
* A special thanks to Filius from the GlueX team and the Barter team for continuous enlightenment on the solver workflow. Your liquidity is only discoverable by those who are looking for it, and in the dark forest, those are seldom your friends. Order flow is essential to making LPs profitable—yet getting trades from real users routed to a new Decentralized Exchange is unexpectedly complex. This piece will discuss the historical primitives for matching retail order flow with onchain liquidity...
Building a DEX in a Weekend
Software design has proven time and again that well-architected, modular systems built on proven components have been the industry unlock needed to accelerate innovation. Yet in 2024, teams still spend months rebuilding basic DEX functionality from scratch or forking basic designs with little attempt to innovate on top. At Valantis, we see the future of DeFi holding modularity at its core. Teams using the Valantis stack can ship novel DEX designs with development timelines that are an order o...
Building a DEX in a Weekend
Software design has proven time and again that well-architected, modular systems built on proven components have been the industry unlock needed to accelerate innovation. Yet in 2024, teams still spend months rebuilding basic DEX functionality from scratch or forking basic designs with little attempt to innovate on top. At Valantis, we see the future of DeFi holding modularity at its core. Teams using the Valantis stack can ship novel DEX designs with development timelines that are an order o...
The Hybrid Order Type Automated Market Maker (HOT-AMM)
AMMs might DieNo product has done more for DeFi than the AMM. A simple yet elegant design that provided the world’s first-ever permissionless liquidity layer. Onchain liquidity is at risk of something we all know and despise: permissions. AMMs operate on a non-discriminatory basis. Every trader is treated the same and priced using the same bonding curve. This can be inefficient because, in reality, not all order flow is equal. For example, an order routed through the CoWSwap auction is much l...
The Hybrid Order Type Automated Market Maker (HOT-AMM)
AMMs might DieNo product has done more for DeFi than the AMM. A simple yet elegant design that provided the world’s first-ever permissionless liquidity layer. Onchain liquidity is at risk of something we all know and despise: permissions. AMMs operate on a non-discriminatory basis. Every trader is treated the same and priced using the same bonding curve. This can be inefficient because, in reality, not all order flow is equal. For example, an order routed through the CoWSwap auction is much l...
