Valantis is the modular protocol for deploying a new class of decentralized exchanges. Valantis pools are built with custom Modules to create any conceivable DEX design without the traditional limitations of liquidity fragmentation.
Today, Valantis is empowering liquidity providers, DeFi protocols and traders with the tools necessary to continue pushing forward the vision of DeFi:
Intent-based DEXes, reusable MEV mitigation/LVR reduction Modules, rebase token use cases, shared liquidity hubs, capital-efficient pricing for special asset types like LSTs and LRTs, novel liquidity primitives, etc.
Valantis opens the door to a DeFi ecosystem not constrained by the monolithic, one-size-fits-all frameworks of today’s DEXes.
Build anything: Valantis is the most flexible onchain exchange platform. It can recover any new or existing DEX design as one or several Modules in its architecture.
Valantis does not fragment or lock liquidity. Liquidity can be shared across Valantis Pools and the rest of DeFi programmatically, using the Sovereign Vault Module. Valantis solves opportunity costs for LPs and opens up a new set of DeFi strategies by utilizing clusters of liquidity flowing throughout the Valantis ecosystem.
Native rebase token support. Rebase tokens are often ignored by existing DEXes, but they are a powerful primitive in DeFi. Valantis pools can host rebase tokens, such as stETH and other yield-bearing assets, without breaking composability.
For the community. The Valantis core protocol is open-source licensed (MIT) and has no enshrined take rates, allowing developers to build their own DEX protocols and/or products without concerns. DEXes built on top of Valantis Pools can be incentivized to interact with various incentive mechanisms using Gauge Modules.
Valantis breaks down the taxonomy of a DEX into role-specific, yet fully custom Modules. Each Module is isolated to a single operation in the DEX, allowing Modules to be composable on top of Core Liquidity Pools while preserving security.
Valantis Pools can be deployed by picking existing Modules built out in the growing Valantis ecosystem, like an “App Store”: new DEXes can be built by writing a single Module (less smart contract risk and audit cost).
The Modules
Liquidity Module: Defines asset pricing logic. It can be anything: AMM, order book, RfQ, multi-asset, or any custom mechanisms.
Swap Fee Module: Calculates dynamic fees on every swap. It allows even the most naive AMM designs to inherit innovative fee logic with zero code changes.
Oracle Module: Accumulates custom data for integrators to build any kind of onchain oracle, including price or volatility based.
Sovereign Vault: Stores liquidity on every deposit, swap, and withdrawal. Liquidity can be stored in the pool itself, any external singleton, or more custom vault architectures with liquidity shared between several Valantis Pools and external DeFi protocols. Sovereign Vaults can support any number of tokens.
Verifier Module: Manages access to deposits, swaps, and withdrawals. It can implement address whitelists, verify onchain credentials, validate data from offchain networks, or classify different users for custom execution.
Gauge: Enables incentive mechanisms and token emissions. Any Valantis Pool can plug into the existing Valantis token economy, or define new mechanisms using a custom Gauge Module.
The Pools
Valantis Pools are the immutable backbone into which custom Modules are plugged in. Pools act as an interoperable liquidity layer for the Valantis Protocol and perform valuable safety checks to protect against potentially malicious Modules.
Sovereign Pool: Classic Valantis Pool type which defines strict interactions between each Module role, carefully balancing developer flexibility and smart contract security checks.
Universal Pool: A generalization of Sovereign Pool, allowing in-pool routing through multiple Liquidity Modules according to price priority. More content on the application and architecture of Universal Pool will be released soon.
“HOT” or Hybrid Order Type, is a Liquidity Module co-designed by Valantis Labs and Arrakis Finance. HOT gives onchain LPs access to non-toxic, intent-based order flow while protecting from latency arbitrage using a novel dual-execution DEX model.
The HOT AMM represents the first decentralized exchange (DEX) built on Valantis Protocol.
This Liquidity Module plugs into Valantis Sovereign Pool to segment order flow between an offchain RfQ Quoter System and an Automated Market Maker (AMM).
Arrakis LPs can competitively source retail order flow as the Arrakis Quoting Service connects to user-intent Solvers via the Valantis HOT RfQ.
HOT addresses key threats to AMMs to preserve them as the foundational permissionless liquidity layer for DeFi. In HOT AMM, passive LPs are protected from MEV while remaining competitive with centralized sources of liquidity. The AMM can operate without offchain components or permissioned pool opening, preserving the important backbone of DeFi permissionless liquidity without compromising LPs.
HOT AMM is currently deployed in beta with Arrakis Finance and a cohort of Solvers. A public launch with permissionless deposits into Arrakis HOT Vaults is coming soon.
We are making an open call to any teams or individuals who want to help tackle the most championed and least mentioned problems in onchain liquidity, to join the Valantis Ecosystem and build the next generation of DeFi with us.
If you’re interested in integrating with the mentioned solutions on Valantis, please reach out and join our community.
Sincerely happy to have you here,
The Valantis Labs Team
❓Questions? Connect with the Valantis Labs team in the Valantis Community Telegram Channel, DM us on Twitter, or reach out at hello@valantis.xyz.
🔗 Helpful Links:
Valantis is the modular protocol for deploying a new class of decentralized exchanges. Valantis pools are built with custom Modules to create any conceivable DEX design without the traditional limitations of liquidity fragmentation.
Today, Valantis is empowering liquidity providers, DeFi protocols and traders with the tools necessary to continue pushing forward the vision of DeFi:
Intent-based DEXes, reusable MEV mitigation/LVR reduction Modules, rebase token use cases, shared liquidity hubs, capital-efficient pricing for special asset types like LSTs and LRTs, novel liquidity primitives, etc.
Valantis opens the door to a DeFi ecosystem not constrained by the monolithic, one-size-fits-all frameworks of today’s DEXes.
Build anything: Valantis is the most flexible onchain exchange platform. It can recover any new or existing DEX design as one or several Modules in its architecture.
Valantis does not fragment or lock liquidity. Liquidity can be shared across Valantis Pools and the rest of DeFi programmatically, using the Sovereign Vault Module. Valantis solves opportunity costs for LPs and opens up a new set of DeFi strategies by utilizing clusters of liquidity flowing throughout the Valantis ecosystem.
Native rebase token support. Rebase tokens are often ignored by existing DEXes, but they are a powerful primitive in DeFi. Valantis pools can host rebase tokens, such as stETH and other yield-bearing assets, without breaking composability.
For the community. The Valantis core protocol is open-source licensed (MIT) and has no enshrined take rates, allowing developers to build their own DEX protocols and/or products without concerns. DEXes built on top of Valantis Pools can be incentivized to interact with various incentive mechanisms using Gauge Modules.
Valantis breaks down the taxonomy of a DEX into role-specific, yet fully custom Modules. Each Module is isolated to a single operation in the DEX, allowing Modules to be composable on top of Core Liquidity Pools while preserving security.
Valantis Pools can be deployed by picking existing Modules built out in the growing Valantis ecosystem, like an “App Store”: new DEXes can be built by writing a single Module (less smart contract risk and audit cost).
The Modules
Liquidity Module: Defines asset pricing logic. It can be anything: AMM, order book, RfQ, multi-asset, or any custom mechanisms.
Swap Fee Module: Calculates dynamic fees on every swap. It allows even the most naive AMM designs to inherit innovative fee logic with zero code changes.
Oracle Module: Accumulates custom data for integrators to build any kind of onchain oracle, including price or volatility based.
Sovereign Vault: Stores liquidity on every deposit, swap, and withdrawal. Liquidity can be stored in the pool itself, any external singleton, or more custom vault architectures with liquidity shared between several Valantis Pools and external DeFi protocols. Sovereign Vaults can support any number of tokens.
Verifier Module: Manages access to deposits, swaps, and withdrawals. It can implement address whitelists, verify onchain credentials, validate data from offchain networks, or classify different users for custom execution.
Gauge: Enables incentive mechanisms and token emissions. Any Valantis Pool can plug into the existing Valantis token economy, or define new mechanisms using a custom Gauge Module.
The Pools
Valantis Pools are the immutable backbone into which custom Modules are plugged in. Pools act as an interoperable liquidity layer for the Valantis Protocol and perform valuable safety checks to protect against potentially malicious Modules.
Sovereign Pool: Classic Valantis Pool type which defines strict interactions between each Module role, carefully balancing developer flexibility and smart contract security checks.
Universal Pool: A generalization of Sovereign Pool, allowing in-pool routing through multiple Liquidity Modules according to price priority. More content on the application and architecture of Universal Pool will be released soon.
“HOT” or Hybrid Order Type, is a Liquidity Module co-designed by Valantis Labs and Arrakis Finance. HOT gives onchain LPs access to non-toxic, intent-based order flow while protecting from latency arbitrage using a novel dual-execution DEX model.
The HOT AMM represents the first decentralized exchange (DEX) built on Valantis Protocol.
This Liquidity Module plugs into Valantis Sovereign Pool to segment order flow between an offchain RfQ Quoter System and an Automated Market Maker (AMM).
Arrakis LPs can competitively source retail order flow as the Arrakis Quoting Service connects to user-intent Solvers via the Valantis HOT RfQ.
HOT addresses key threats to AMMs to preserve them as the foundational permissionless liquidity layer for DeFi. In HOT AMM, passive LPs are protected from MEV while remaining competitive with centralized sources of liquidity. The AMM can operate without offchain components or permissioned pool opening, preserving the important backbone of DeFi permissionless liquidity without compromising LPs.
HOT AMM is currently deployed in beta with Arrakis Finance and a cohort of Solvers. A public launch with permissionless deposits into Arrakis HOT Vaults is coming soon.
We are making an open call to any teams or individuals who want to help tackle the most championed and least mentioned problems in onchain liquidity, to join the Valantis Ecosystem and build the next generation of DeFi with us.
If you’re interested in integrating with the mentioned solutions on Valantis, please reach out and join our community.
Sincerely happy to have you here,
The Valantis Labs Team
❓Questions? Connect with the Valantis Labs team in the Valantis Community Telegram Channel, DM us on Twitter, or reach out at hello@valantis.xyz.
🔗 Helpful Links:
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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...
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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...
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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 ...
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