Magma Finance is officially launching ALMM, Sui's first Adaptive & Dynamic DEX
BlockBeats News, September 11th, Magma Finance today officially announced the launch of its innovative product ALMM (Adaptive Liquidity Market Maker), becoming the first Adaptive & Dynamic DEX on the Sui blockchain. As an improved version of DLMM, ALMM significantly enhances liquidity efficiency and trading experience through discrete price bins and a dynamic fee mechanism, marking a major upgrade to the Sui ecosystem's DeFi infrastructure.
Magma Finance is a DeFi protocol innovator in the Sui ecosystem. The launch of ALMM this time addresses the pain points of traditional AMMs in capital efficiency, slippage control, and fee adaptability. Core features include: discrete price bins to achieve zero slippage within bins; dynamic adaptive fees that automatically adjust based on market fluctuations to enhance capital efficiency; flexible liquidity deployment strategies supporting single-sided liquidity provision, and more.
On the eve of the launch, Magma has shown strong momentum, with TVL exceeding $20 million. The protocol has undergone multiple audits by institutions such as Zellic, Three Sigma, etc. Furthermore, a rewards program is currently ongoing.
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