Learn how Tsunami is making waves and will soon be PoweredByPyth 🔮
is built for trading with:
0️⃣ 0% slippage 🚪 Known exit liquidity 💸 Low funding fees 📏 Low spread 💰 Accruing collateral 💧 Profitable liquidity provision
How will Tsunami do this?
On Tsunami, a market and its tradable assets (say BTC and USDC) are held equally in a basket of assets like traditional AMMs
But Tsunami’s pricing will not dependent on a price curve, but rather an oracle price and the pool’s liquidity 🔮
As a user initiates a trade, Tsunami will fetch the Pyth asset price
The program will then determines the deltas of the weights of the two assets being traded
If the weights move away from the targeted weight (50/50), Tsunami incorporates the delta as slippage
In order to incentivize the health of the basket, Tsunami will implement penalties and discounts
The maximum penalty fee and rebate are up to 30 bps
Bringing the reserves back to the initial pool composition allows for a fee rebate (and vice versa), which “helps” the basket
We look forward to further empowering Tsunami Finance and the next pioneers of financial innovation, on any chain including Aptos!
To get started, check out our:
Best Practices 👉
Aptos Developers 👉
Pyth Cross-Chain Price Accounts 👉
If you have any questions or requests, come let us know in our Discord
We are here to empower you and build the future of finance together 🫂
this twitter thread.