I am very proud to announce that we have launched the @ammalgam protocol.
I have spent the last 4 years building a simple idea, a dex coupled with a lending protocol to create capital efficiency for dex liquidity providers, and the utility to borrow anything.
There is a lot to say from a technical perspective about the construction of various elements of the protocol. It is complex, this was the cost of building something that can theoretically support borrowing on any token. Decoupling off-chain crypto trading data from lending markets is a critical step to unlock decentralized finance.
Some critical features:
- Dex trading assets are automatically lent out in the integrated lending protocol to earn swap fees and lending fees
- Dex trading assets can be used as collateral to borrow against, unlocking neutral, long, and short market making, and leveraged liquidity.
- Leveraged market making is similar to concentrated liquidity in its effect, but uses borrowed assets rather than a protocol mechanism
- Users can borrow dex liquidity shares to allow for turning impermanent loss into impermanent gain.
- liquidity is fungible allowing for both simpler math for borrowing calculations and easier matching of users needs, similar to the advantages of perps over options.
- Swap fees scale with price change impact rather than swap size to allowing for algorithmically pricing informed vs uninformed order flow to the dex. Additionally making it expensive to manipulate the price
- A series of protections are in place to protect the concept of price from manipulation, using a price range from multiple twap lengths and spot price, pricing assets with the worst price in that range for ltv calculations, and limiting recorded prices in the twap to move 10 ticks per block to ignore outliers.
- Each new loan is checked for its impact to liquidation risk by bucketing the price curve into 25 tick tranches and capping how much potential liquidation risk can be supported in each tranche by pool swap reserves in case of cascading liquidations.
- Debt spanning multiple tranches can be liquidated in chunks, one tranche at a time using a dutch auction that increases the premium as the ltv of that chunk increases. This ensures that massive loans are not at risk of destroying the price by being liquidated all at once (👋 @newmichwill).
Perhaps some will say that the design and concept we put forward is similar to something else. This is likely true in many facets of what we built, we surveyed everything that has been built and took ideas from everywhere, this wouldn't be possible without the free sharing spirit of open source code. As such all contracts are open source and available to view on etherscan.
We spent a tremendous amount of time and effort working to fix all the issues we could find. Perhaps it was enough effort, perhaps it was not. Today marks the start of the final audit and the start of our ability to find product market fit. Today ends one chapter and start the next.
I am looking to get in touch with:
- Creators of tokens
- Vault operators
- Providers of on chain market making liquidity
- Anyone who has used a lending protocol before on chain
- Swap aggregators
- Searchers
- And anyone else who is curious about how to leverage what we built
if this tweet reaches 100 likes i will share a long-read alpha thread on @autonomint ongoin' point system with spicy secrets, APY farmin' pre-launch actions 2 start & all z relevant info
Autonomint TGE: dec '25 / jan '26
protocol category: #DeFi
like & retweet 4 visibility 🤰🏻
We're about to do something so insane that every founder in Web3 will think we've lost our minds.
Maybe we have.
But what @wannadotfun announces next will break every rule about how platforms are supposed to work.
Prediction markets, content creators, crypto degens—you're not ready for this.
Nobody is.
We’re bringing back our signature Ammalgam Go-Karting event, now to Singapore for @token2049!
The 4th edition of our community-favorite event sponsored by @gaib_ai, @SonicLabs & @ODXLabs
📅 When: October 2nd, 3–7pm
👉 Sign up now: https://t.co/l0vDtayMKX
One collection. No dilution. No second drops. No token. Low listed. Relentless founders. Strong community. Free assets. Quality art. Good vibes. Unrealised upside.
Our mainnet dApp will launch on @soniclabs!
We’re thrilled to announce Ammalgam is going live on Sonic mainnet with support from the Sonic ecosystem with 400,000 $S invested for our future growth.
Why Sonic?
🔷 400k TPS & sub-second finality.
🔷 EVM-compatible + developer-first fee sharing.
🔷 Ultra-low fees for LPs & traders.
Did you even read what you wrote ? “Oracle like data provider “. Are you suggesting a crypto like oracle that outputs employment data, every month, on the same day , be REQUIRED FOR EVERY BUSINESS ?
Who is gonna pay for the implementations?
And of course there are gov agencies that have to respond as well. What do you have in mind for them ?
Do you really think the implementation, maintenance and response timing and rates will be better than the current survey ?
Get off your knees Chamath
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Big shoutout to @0xPearl for building this for the fam.
Try it out and tag us!
After pitching several LPs, I was surprised by the resistance to impermanent loss exposure. I built a model to show how to cap risk using calls and puts for ETH-USDT to overcome this objection. Within the price range of $944 and $9706, the loss is < 4%.
https://t.co/k0AClnvsMp