The DeFi protocol introduces its Adaptive Liquidity Market Maker with dynamic fees and improved capital efficiency, alongside a points reward campaign.
Magma Finance has launched its Adaptive Liquidity Market Maker (ALMM) on the Sui blockchain, marking the first adaptive and dynamic decentralized exchange in the network. ALMM, an upgrade to DLMM, incorporates discrete price bins, zero slippage within bins, and dynamically adjustable fees based on market volatility. It also supports single-sided liquidity and enhanced slippage control. Prior to launch, Magma Finance’s TVL exceeded $20 million, with security audits conducted by Zellic and Three Sigma. The launch includes a points reward campaign for users.