Secondary-market AMM
The Secondary-market AMM (S-AMM): where Gyro Dollars are designed to be highly liquid and traded
In Gyroscope the secondary market AMM concentrates the liquidity within a band between the minting and redemption quotes offered by the primary market AMM. This combination of AMMs ensures great liquidity everywhere, but especially around the peg in the S-AMM.
When highly reserved, S-AMM liquidity is concentrated within narrow band between P-AMM prices.
In a shocked setting, the P-AMM shape changes, and S-AMMs concentrates liquidity in new ranges.
More coming soon. See the white paper Section 3.5 for some further details.
Last modified 4d ago
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