Introduction to Nabla Protocol

Nabla is an innovative Automated Market Maker (AMM) protocol for crypto and real-world assets, including forex. Its architecture offers optimal capital efficiency and thus the lowest liquidity cost for any major asset. The main innovation of Nabla is the separation of providing token liquidity from taking on market-making risks. This enables low-risk, single-sided token liquidity provision into the Swap Pools, attracting deep liquidity at relatively low costs.

In-depth Functioning of the Nabla Protocol

The Nabla protocol is based on an innovative Automated Market Maker (AMM) mechanism that separates the role of providing liquidity from assuming risk. Nabla uses single-sided contribution swap pools, where liquidity providers deposit only one token without worrying about impermanent loss. Swap prices are calculated based on the external price provided by an oracle, modulated by additional on-chain price curves that depend on historical volatility and pool coverage ratio. Market-making risks are confined to a specific incentivized pool, the Backstop Pool. This pool is not involved in any swaps but is used in case a swap pool LP wants to withdraw liquidity from a pool that is not full anymore. It is incentivized through swap fees and liquidity mining. In summary, Nabla:

• Allows single-sided liquidity deposit, eliminating impermanent loss

• Calculates swap prices based on an external oracle plus on-chain price curves

• Confines risks in a specific incentivized Backstop Pool

• This innovative architecture attracts deep liquidity at relatively low costs while ensuring capital efficiency and low swap costs.

Incentivized Testnet Alpha

Nabla launched its Incentivized Testnet Alpha on January 24th, 2024 on the Ethereum Sepolia testnet. This allows the community to test the platform's functionality, security, and user experience before the mainnet launch. Testnet participants can earn 450k $ AMBER tokens allocated weekly. $AMBER represents rewards for helping test and improve the Nabla ecosystem.

$AMBER Tokenized Points Program

The $AMBER token is an ERC-20 token used to reward community participation. Holders can unlock perks and rewards across Web3 platforms. By embracing a tokenized points system, Nabla aims to provide a transparent, decentralized, user-centric rewards program aligned with Web3 principles. The program incentivizes involvement in testing and providing feedback. This helps align the community with Nabla's success in a decentralized way.

Conclusion

Nabla brings groundbreaking innovations like superior capital efficiency and reduced impermanent loss to AMMs. The incentivized testnet and tokenized points program incentivize community involvement in strengthening the ecosystem. As Nabla prepares for the mainnet launch, the testnet alpha allows rigorous testing and improvement of the protocol. The $AMBER tokenized points system rewards contributors for their efforts in a decentralized way.

Introduction to Nabla Protocol

Nabla is an innovative Automated Market Maker (AMM) protocol for crypto and real-world assets, including forex. Its architecture offers optimal capital efficiency and thus the lowest liquidity cost for any major asset. The main innovation of Nabla is the separation of providing token liquidity from taking on market-making risks. This enables low-risk, single-sided token liquidity provision into the Swap Pools, attracting deep liquidity at relatively low costs.

In-depth Functioning of the Nabla Protocol

The Nabla protocol is based on an innovative Automated Market Maker (AMM) mechanism that separates the role of providing liquidity from assuming risk. Nabla uses single-sided contribution swap pools, where liquidity providers deposit only one token without worrying about impermanent loss. Swap prices are calculated based on the external price provided by an oracle, modulated by additional on-chain price curves that depend on historical volatility and pool coverage ratio. Market-making risks are confined to a specific incentivized pool, the Backstop Pool. This pool is not involved in any swaps but is used in case a swap pool LP wants to withdraw liquidity from a pool that is not full anymore. It is incentivized through swap fees and liquidity mining. In summary, Nabla:

• Allows single-sided liquidity deposit, eliminating impermanent loss

• Calculates swap prices based on an external oracle plus on-chain price curves

• Confines risks in a specific incentivized Backstop Pool

• This innovative architecture attracts deep liquidity at relatively low costs while ensuring capital efficiency and low swap costs.

Incentivized Testnet Alpha

Nabla launched its Incentivized Testnet Alpha on January 24th, 2024 on the Ethereum Sepolia testnet. This allows the community to test the platform's functionality, security, and user experience before the mainnet launch. Testnet participants can earn 450k $ AMBER tokens allocated weekly. $AMBER represents rewards for helping test and improve the Nabla ecosystem.

$AMBER Tokenized Points Program

The $AMBER token is an ERC-20 token used to reward community participation. Holders can unlock perks and rewards across Web3 platforms. By embracing a tokenized points system, Nabla aims to provide a transparent, decentralized, user-centric rewards program aligned with Web3 principles. The program incentivizes involvement in testing and providing feedback. This helps align the community with Nabla's success in a decentralized way.

Conclusion

Nabla brings groundbreaking innovations like superior capital efficiency and reduced impermanent loss to AMMs. The incentivized testnet and tokenized points program incentivize community involvement in strengthening the ecosystem. As Nabla prepares for the mainnet launch, the testnet alpha allows rigorous testing and improvement of the protocol. The $AMBER tokenized points system rewards contributors for their efforts in a decentralized way.