Aftermath Finance is building the ultimate decentralized exchange. Users can expect a CEX-like experience with added autonomous security. Exchange operates on the Sui blockchain and uses LayerZero and Axelar technology for its pool.
So What is Aftermath Finance? What’s special about it? Let’s find out in this article!
What is Aftermath Finance?
Overview of Aftermath Finance
Aftermath Finance is the most powerful and optimized Dex protocol for the Sui ecosystem, helping users experience Dex similar to Cex. The project provides many Dex-related products such as Aggregator, Perpetual, Index,… In addition, the project also receives support from Mysten Labs.
Aftermath Finance’s goal is to become the liquidity hub of the Sui ecosystem. Same multi-year roadmap around interoperability of three products under construction. Project is building three pillars of DeFi: Indices, Lending and Derivatives (Options + Perpetuals).
Mechanism of action
Dex Aggregator
Aftermath Finance is the only platform on Sui routing through Turbos Finance, Cetus Protocol, KriyaDEX, DeepBookonSui. And the project offers diverse and optimized trading routes. Aftermath Finance routes transactions through the most liquid Dexes on Sui.
Multi-line capabilities enable efficient and optimized trading. Specifically on AF groups, the router executes arbitrage opportunities through groups that you do not directly trade.
Aftermath Finance also introduces LP-to-LP trading as well as Coin-to-LP trading. On Aftermath, LP slots are just regular Coins. This means pools can hold LP coins as easily as any regular asset.
Constant Mean Market Maker (CMMM)
CMMM overcomes the limitations of constant product AMM by allowing arbitrary weight groups of size greater than two. This serves many of the following purposes:
- By launching on Sui, it is possible to provide the best experience for newly launched, low-liquidity tokens.
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By allowing multiple tokens in one pool, it is possible to combat fragmentation in the market. For example, instead of creating three separate 2-asset pools between SUI/USDC/AF tokens and dividing liquidity equally, we can create one 3-asset pool. On Aftermath Finance is testing a pool of 12 assets. This will be huge given the number of wrapped assets we expect to have on Sui with Wormhole, Layer Zero and Axelar. -
The ability to calculate granular weighting of assets means it is possible to create buckets that maintain a more interesting value distribution.
Liquidity Staking
Likewise, betting on Sui has the added benefit that it is completely non-custodial: When you authorize a bet, your SUI remains locked in your account and not in the contract. Currently, there is no unlinking period when you want to cancel a Sui bet.
Naturally, liquidity staking derivatives (LSD) allow users to stake PoS assets and receive liquidity representation for their positions. This provides more flexibility for those who want to participate in staking while still maintaining liquidity for other use cases, such as DeFi.
Development Roadmap
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Core Team
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Investors
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Tokenomics
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Exchanges
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Aftermath Finance’s Information Channel
- Website: https://aftermath.finance/
- Twitter: https://twitter.com/AftermathFi
- Discord:
Summary
Aftermath Finance is the project building the most comprehensive Dex and DeFi related products. Helps users use many favorite products right on a unified interface. And Aftermath Finance is also one of the most prominent projects in the Sui ecosystem, supported by development by Mysten Labs.
So, I have clarified what Aftermath Finance is? Aftermath Finance cryptocurrency overview. Hope this article brings you a lot of useful information and knowledge!
