The DEX AMM space dominates DeFi fees, ~$77M in the last 7 days (@DefiLlama), even in the fear market.
That’s over $4B annually, mostly paid to LPs. But not every LP earns what they should. 🧵
2/ For example, on Uniswap v3, your liquidity only earns fees if it’s within the active price range.
Once the market moves out of range, your capital stops working — zero yield.
3/ Passive LPs in existing AMMs either:
- Go full range and earn less, or
- Actively rebalance and pay gas.
Both lead to inefficiency and missed opportunities.
4/ We’ve seen passive AMMs and active LP management like Uniswap.
But the next leap should be where the AMM itself becomes proactive.
5/ We believe the next major unlock in DeFi is abstracting away LP complexity, where LPs can stay passive and the protocol manages yield optimization automatically.
6/ That’s the category we’re building for:
Proactive AMM × Passive LP.
The protocol adjusts itself dynamically, within governance guardrails. LPs just deposit and earn.
7/ First up: StableSwap with dynamic Amplification(A) tuning.
StableSwap concentrates liquidity near the peg for correlated assets — minimal slippage, higher efficiency.
Dynamic A tuning takes it further.
8/ With Parameter Managers, the AMM adapts in real time — no governance lag.
This unlocks:
- Real-time market response
- Lower slippage
- Softer curves in volatility
- Less IL
- Higher capital efficiency
9/ Backtests show a ~4% TVL-weighted utility boost without extra IL across pairs like USDC-DAI, 3pool, and stETH-ETH.
More liquidity in range → more trading → more fees → higher LP yield.
10/ This is the evolution of passive liquidity provision, where capital stays productive, and AMMs manage themselves.
LPs deserve pro yields without pro effort.
11/ End tweet
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