Liquidity Book, highly-capital efficient Automated Market Maker

[itsHaseebSaeed]

Project Description

Liquidity Book is an innovative Automated Market Maker (AMM) protocol designed to support high-volume trading with lower liquidity requirements. It introduces unique features that enhance the trading experience and optimize earnings for Liquidity Providers.

HackSecret Winners.

Trader-crow won first prize at the HackSecret Hackathon, which helped us to unlock a grant of $20k to bring Liquidity-Book to a secret network. "A 20,000 USD grant denominated in SCRT for the hackathon winner to bring their application to mainnet"

Key Features

• Zero Slippage: Liquidity Book allows traders to swap tokens with zero slippage within designated bins, ensuring optimal trading conditions.
• Surge Pricing: During periods of high market volatility, Liquidity Providers earn additional dynamic fees, increasing their potential earnings.
• High Capital Efficiency: Unlike many existing AMMs, Liquidity Book supports high-volume trading with significantly lower liquidity requirements.
• Flexible Liquidity: Liquidity Providers can strategically build flexible liquidity distributions according to their specific trading strategies.

Comparing Liquidity Book and Uniswap V3

While both Liquidity Book and Uniswap V3 operate as concentrated liquidity AMMs, there are a few key differences:

Feature	Liquidity Book	Uniswap V3
Price Ranges	Discretized into bins	Utilizes ticks
Invariant used	Constant sum	Constant product
Bin Steps/Tick Sizes	Can be more than 1 basis point	Generally 1 basis point
Liquidity Aggregation	Vertically aggregated	Horizontally aggregated
Fungibility of Liquidity Positions	Yes	No
Liquidity Distribution	Not restricted to uniform, can take any desired shape	Typically uniform across price range
Swap Fees	Fixed + variable pricing, allows higher fees during volatility	Fixed pricing
Zero Slippage	Yes	No
Surge Pricing	Yes	No
High Capital Efficiency	Yes	Variable
Flexible Liquidity Distributions	Yes	Limited

Project Links

Demo website Github Repo

EVM Inspiration

Trader-Joe Website Trader-Joe Github Repo Trader-Joe Documentation

Team

Haseeb Saeed. Blockchain researcher turned Dev has contributed to the Secret network for almost 2 years. Core-Dev CryptoClerk.xyz. Some other unlaunched products with Shade protocol.

Twitter Github

Kent : Core-dev Amber and Fortress labs. Has contributed to Secret for more than 18 months. Twitter Github

Request / Grant Usage

Grant Timeline Total Estimate: ~5-7 weeks

Cosmwasm contracts - (LbPair contract + LbFactory + LbToken) (~2-3 weeks) Cosmwasm contracts testing (~1-2 weeks) Internal audits (~2-3 weeks)

Milestones

Start: $10k in SCRT Testnet Launch: $5k in SCRT Main-net Launch: $5k in SCRT Finish: Delivery of Liquidity-book on SCRT Networks.