Thread by @ProfessorJEY

1\ What is the Holy Grail of #AMM Design?

Zero Impermanent Loss, 10x Capital Efficiency.

At @IntegralHQ we got it. The #defi magic is brought to you by a rare collaboration spanning from #harvard to @ethereum OGs. Made with care: 12,000 hrs R&D, 2 full audits. Launching soon.

2\ Price Discovery is an informational phenomenon.

Arbitrageurs race for profits for bringing fresh price information to @Uniswap through arb trades - an informed flow.

B/c Uniswap LPs already pay for this info (via "impermanent loss"), we want to avoid paying for it again!

3\ Our design pulls price info from @Uniswap Oracle and adds our own trade delay on top. This way, we harness the arb work on Uniswap to eliminate impermanent loss for our own LPs!

We now shift to design aspects for building efficient liquidity to rival world aggregate levels.

4\ A new paradigm we created is the OB-AMM. It's the tech foundation to map orderbook shapes into #AMM curves. Our 1st product is a specific instance of our OB-AMM, tailored for the high gas costs of @ethereum.

But this is only the tip of the iceberg.

5\ As we soon move to designing on L2, we can unleash the full implications of the OB-AMM paradigm to dynamically map the world's off-chain liquidity to on-chain.

You can check out our technical work here: professorjey.com

Onwards, with @IntegralHQ!

#defi #amm #DEX