Zenlink Hybrid AMM Launch Info

Zenlink is pleased to announce that the Zenlink Hybrid AMM will be live on the Moonriver network on May 31 at 10 am (UTC) and live on the Moonbeam network on June 1 at 10 am (UTC), with Stable Farm on both networks launching at the same time!

The Zenlink Hybrid AMM smart contract has passed PeckShield’s security audit. The full audit report is available here.

Stable Pool Info

The launch of Zenlink Hybrid AMM means that Stable AMM will be available and the first 4pool standard curve on Dotsama will be live. Details are as follows:

Swap Fee: There is a 0.05% fee on each transaction using the Stable AMM. 50% of the collected fees go to the liquidity provider, 30% is used to buyback ZLK, and the remaining 20% goes to the treasury.

Amplification Coefficient: Higher values widen the range of low-slippage fees, while lower values help keep the pool’s composition balanced.

Flashloan: Zenlink Stable AMM will support the flashloan feature.

Stable Farms

To help Stable AMM build more liquidity while providing users with stable DeFi gains, Stable Farms will also be launched, with 4pool being activated first (more pools will be added later). This will need to be elaborated separately for both networks:

  • The 4pool on Moonriver is a new curve pool consisting of USDT+USDC+xcAUSD+FRAX (USDT, USDC bridged by Multichain)
  • The 4pool on Moonbeam is a new curve pool consisting of madUSDT+madUSDC+xcAUSD+FRAX.

Users on both networks are allowed to provide liquidity to the pool with any combination of the above 4 stablecoins to obtain 4pool LP tokens, which will be staked to the farming pool for earnings.

Here is a list of all the stablecoins involved in 4pool:

  • Acala USD (aUSD/xcAUSD);
  • FRAX;
  • mad stablecoins (madUSDT/madUSDC); and
  • any stablecoins (anyUSDT/anyUSDC).

Doing Swaps using the Hybrid AMM

With the introduction of Hybrid AMM, each transaction will automatically connect Standard AMM and Stable AMM via Zenlink Smart Order Routing to select the best trade path for the user, who will be able to view the trade path at the bottom of the trading window.

In general, transactions will be divided into the following three categories according to the optimal trading path:

  • Transactions routed through Standard AMM and Stable AMM;
  • transactions conducted through Standard AMM only; and
  • transactions conducted through Stable AMM only.

Adjustment of Farming Pools on Zenlink

Finally, in order to maximize the utility of Hybrid AMM and aggregate liquidity, the Zenlink team will also gradually tweak and optimize the farming pools across the platform, as detailed in the following chart.

Zenlink's adjustment of farming pools
Zenlink’s adjustment of farming pools (Image credit: Zenlink)

A tutorial on how to access the protocol updates and enter into stable farms can be found here.

Learn more about Zenlink

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Angela Wang
Angela loves cryptocurrency, technology that improves our lives...and food. Anything that merges these worlds together is even better.