# Ranges are live on Ethereum By [Puzzle Network](https://paragraph.com/@puzzle-network) · 2026-04-29 --- _After a year of research and building, Puzzle team is introducing RANGES to Ethereum._ Ranges are an innovative model of AMM, combining concentrated liquidity with megapools. Basically, this is Uniswap v3 + Balancer, but with a formula designed from scratch by [Puzzle team](https://medium.com/@izhur27). For a year, Ranges were actively tested and used in Puzzle’s native blockchain – Waves Protocol. And now, 29.04.2026, they are officially live on the DeFi’est chain ever – Ethereum Mainnet.  Here they are! **One link:** [**RANGES.FINANCE**](http://RANGES.FINANCE) Let’s take a look at existing Ranges with a total of $30k liquidity, which are already set up by the team to show different use cases.  ### 1\. Leveraged megapools This is similar to traditional Balancer pools, but leveraged. Each token can be boosted to maximize its efficiency. We are introducing [virtual balance](https://ranges.finance/docs/overview/core-concepts) to make this easier to understand.  ![](https://storage.googleapis.com/papyrus_images/2121ebf8ffef2d43cc65beef967c9ee393400cf6efda309569d97d02657d38d8.png) _Example: Top Crypto Range_ ### 2\. RWA indexes  Yes, you can now trade GOLD, OIL, AAPL on Puzzle! And even provide liquidity to a megapool with all of them. Currently we are using RWAs hosted by [Ondo Finance](https://ondo.finance/), but technically any other ERC-20 token can be used.  Our pools are better than traditional indexes, because they generate YIELD from fees. Let’s dream big and hope one day we would launch an on-chain yield-generating SP500. ![](https://storage.googleapis.com/papyrus_images/bb6cfc259545bc8bb12ac3048dd9882873166ca7333f710609dd21bfbc817175.png) _Example: RWA#0 pool_ ### 3\. VERY adjustable pairs With Ranges, you can launch pairs – pools with just two tokens. Thanks to the presence of [leverage and weight](https://ranges.finance/docs/overview/core-concepts) parameters, they would be more efficient than Uni v3.  We are pioneering this with a new pair for ROME stablecoin, set up to efficiently locate its liquidity in the $0.97-1.01 range against USDT.  ![](https://storage.googleapis.com/papyrus_images/ab2f764de78eb7725bc4e6153bc1fc206e50940469532ae275778c76e35d76ed.png) _Example: ROME/USDT range_ * * * Ranges are live! [Provide liquidity](https://ranges.finance/pools), [trade](https://ranges.finance/swap) to use arbitrage opportunities or simply read the [docs](https://ranges.finance/docs/introduction) to enjoy the magical power of DeFi. However, keep in mind that we are still in alpha, only use it with what you can afford to lose.  Thank you for your support and sharing this breakthrough moment with us! **Answering what you would probably ask…** **Q**: How much can liquidity providers earn? **A**: Research shows the value differs from 10 to 50% APR, depending on tokens trading volume and their leverage in pools. For extremely leveraged positions it can go to as high as 300%, but this comes with a risk of impermanent loss. Remove more about this research in our Medium articles.  **Q**: How does protocol earn? **A**: Similar to Puzzle on Waves, protocol takes 40% from all swap fees. They are collected to a special address (0x58ea…2bad). We commit that for the next year all earnings will be manually added to Puzzle King Address in order to buyback PUZZLE and distribute it to stakers. In a year, after 29.04.2027, this will be reconsidered depending on Ranges expansion strategy.  **Q**: Is there an audit? **A**: No, there is no 3rd party audit. However, we spent quite some time auditing smart contracts internally with multiple AI models. We are planning to purchase an external audit (which is pretty pricey and starts from $150k) after reaching a few million in TVL and, hence, proving the product is really demanded. Upon then, we stay in alpha mode and, while also heavily providing liquidity by ourselves, urge our users to only put what they can afford to lose.  **Q**: How does this benefit the Puzzle ecosystem? **A**: Besides additional payments to Puzzle stakers for the next year, Ranges leverage existing Puzzle tokens (first of all, PZL and ROME) by providing access to them for creme-de-la-creme of DeFi users in efficiently designed pools. Especially for ROME – Ranges are expected to have a high impact on its peg.  **Q**: Ethereum is very competitive, how can Ranges get traction?  **A**: Usually protocols face a chicken-egg problem: to get users, they first need users. However we have a growth hack with Ranges. Our pools are already being used by arbitrage bots, hence they already generate income. We are also willing to be in touch with aggregators, such as 1inch and CowSwap, who would organically generate more volume for Ranges. So, we plan to attract TVL, while volume is generated by financially motivated 3rd parties. That’s the power of a decentralized network, which Ethereum is.  **Q**: Any plans for other chains? **A**: Puzzle team is launching Ranges on Ethereum with an opportunity to scale to other EVMs, such as Arbitrum. Meanwhile, since Solana remains a hot topic, we’ve partnered with another project who will launch a fork of Ranges in there. More news on this soon! **Q**: How to create my own pool? **A**: You need to be whitelisted to create a Ranges pool, while we are in alpha. Please reach out to any admin in our [Telegram chat](https://t.me/puzzle_network) to be granted access. You need to meet one of the following criteria: provide a plan for a pool with $10k+ TVL which you are going to implement and provide liquidity to, or represent a project which wants a pool to be launched for its native token.  **Q**: How can I report a bug or contribute to Ranges development. **A**: Please use [puzzleswap.org/ideas](http://puzzleswap.org/ideas) and get rewarded for this! --- *Originally published on [Puzzle Network](https://paragraph.com/@puzzle-network/ranges-are-live-on-ethereum)*