Convexus is an automated market maker with concentrated liquidity on the ICON blockchain.
Convexus aims to bring concentrated liquidity to users and protocols across the ICON DeFi ecosystem. It empowers developers, liquidity providers and traders to participate in a financial market place that is open and accessible to all.
In most automated market makers (AMMs), liquidity is distributed uniformly along the price curve between 0 and infinity. As a result, the majority of the liquidity is never used.
With Convexus, liquidity providers can concentrate their capital to a smaller range. As a result, traders are offered deeper liquidity around the mid-price, and liquidity providers earn up to 4,000x capital efficiency.
Convexus allows users to borrow tokens from a Convexus pool, make an arbitrage transaction with an external liquidity pool, and pay back the originally borrowed funds, all in one transaction.
The transaction is atomic, meaning it is reverted in full if at any stage the transaction fails. The obvious use case for such a feature is to execute arbitrage trades leveraging a liquidity pool.
If two IRC2 tokens are not paired directly and do not have a common pair between them, they can still be swapped in a single transaction, as long as a path between them exists.
Additionally, router contracts can be used to optimize the path between them automatically in order to pay for the best price.
An automated market maker that facilitates peer-to-peer market making and swapping of ICX and IRC-2 tokens on the ICON blockchain.
Convexus offers Liquidity Providers multiple fee tiers per pair: 0.05%, 0.30%, and 1.00%. This array of options ensures that LPs can tailor their margins according to expected pair volatility.
LPs take on more risk in non-correlated pairs and, conversely, take on minimal risk in correlated pairs. Governance can add additional fee tiers as needed.
Convexus now allows users to open a limit order to complement market orders, which we are calling "ranged limit orders".
LPs can deposit a single token in a custom price range above or below the current price. If the market price enters into their specified range, they sell one asset for another along a smooth curve while earning swap fees in the process.
Range orders may prove particularly useful for profit-taking and buying market downturns, both on long and short-time frames, enabling investors and traders to partake in crypto markets in a decentralised manner while placing their orders in a proactive manner without needing to monitor markets 24/7.
Convexus offers Liquidity Providers multiple fee tiers per pair : 0.05%, 0.30%, and 1%. This array of options ensures that LPs can tailor their margins according to expected pair volatility: LPs take on more risk in non-correlated pairs and, conversely, take on minimal risk in correlated pairs.
Governance can add additional fee tiers as needed.
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Updates, research and stories from the Convexus Early Contributors.