Terminology
Last updated
Last updated
style of stable pool for correlated or loosely pegged pairs of assets, such as $SEI-$iSEI or $USDT-$USDC.
Stable pool is a type of liquidity pool that is designed specifically for assets that are expected to consistently trade at near parity, such as stablecoins or synthetics. Unlike traditional AMMs, which use a constant product formula (xy=k) to calculate prices, sAMMs use a constant sum formula. This helps to reduce slippage and price impact, making sAMMs particularly well-suited for stable assets.
Fee structure : 0.01%
UniV2-style Variable Pool designed for uncorrelated pairs of assets such as $SEI-$USDT.
Variable Pool comprises two tokens that users can swap, with the exchange rate determined by each token's relative supply and demand through the constant product formula (xy=k). These pools are ideal for trading more volatile tokens, as they can rapidly adapt to fluctuating market conditions.
Fee structure : 0.2%
Lock your $YAKA for governance power.
Protocol revenue access: veYAKA holders can vote for gauges on a weekly basis, and access 85-90% of the trading fees (the rest 10-15% goes to Yaka Voyager NFT holders) and 100% of the bribes for the associated pool.
Governance participation: veYAKA holders can partake in governance and cast votes for the protocol improvement proposals.
veYAKA voters receive:
Trading fees generated by the pool(s) they vote for
Bribes deposited for the pools they vote for
Weekly veYAKA distribution (rebase)
A pool with dynamic $YAKA rewards based on veYAKA weekly voting allocation. No negative voting.
Custom amount of tokens paid by a third party on a gauge to veYAKA holders in exchange for their votes.