The Unified AMM

The Fenix AMM gives protocols maximum flexibility and capability to deploy the most optimal liquidity strategies according to their needs.

Fenix will deploy an advanced modular AMM architecture that is a real step forward in functionality for liquidity pool deployment, capital efficiency, price execution and fee generation on exchange assets.

Concentrated Liquidity (CLAMM):

Through the Algebra Integral V4 concentrated liquidity engine, Fenix offers high capital efficiency on exchange assets to maximise the effective depth of liquidity to give the best prices on swaps for traders.

The Integral engine has a number of distinct advantages over standard UNIV3. Through a modular design that separates core functionalities like liquidity storage and peripheral functions like oracles and fee calculations, the AMM is highly flexible, saves gas (~20% more efficient than UNIV3) and allows plugins and hooks to be built and seamlessly integrated into individual pools. We have already seen during the Open Beta that the Fenix CLAMM is the most efficient on Blast: https://x.com/FenixFinance/status/1821205729111310702. Uniswap V4 - Plugin & Hooks compatibility:

This upgradeable and efficient design will ensure that Fenix will remain competitive in a landscape where Uniswap V4 will emerge as it eliminates the need to migrate liquidity during updates, allows us and protocols to deploy innovative features to pools all within a highly audited and secure codebase.

Dynamic Fees: Volatility, volume and liquidity are read in real-time, allowing Fenix to dynamically adjust swap fees according to market data. If demand is low, fees are gradually lowered to increase volume and vice-versa. This means that the Fenix will generate maximum trading volume and revenue from assets over time.

Classic pools:

Protocols can also benefit from classic pool deployment options according to their needs. Volatile AMM (vAMM): First popularised by Uniswap based on the constant-product formula price curve (x∗y= k). These pools are designed for tokens that are not correlated by price and that can show high price volatility. You provide liquidity in the ratio determined by the composition of assets in the pool. Stableswap AMM (vAMM): Pool swap logic is based on the Solidly curve: x^3*y+y^3*x=k. These are pools for tokens that have little to no volatility, like stablecoin pairs. This means that the formula used for pricing the tokens allows for low slippage even on large swaps.

Summary Fenix provides a complete AMM product that is at the forefront of liquidity technology and best-in-class user experience.