Aftermath Finance has virtually stormed into the Sui ecosystem's information field, once the Mysten_Labs team announced their partnership on Twitter. It’s time to dive deep!
What is it all about?
Aftermath is working towards becoming the liquidity & trading hub of Sui. They have a multi-year plan focused on the interoperability of main products:
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CMMM
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Order book
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Perpetuals
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Lending
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Liquid Staking Derivatives
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Options
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Structured Products
These products can be combined to create various financial instruments such as cash-settled options and futures, margin trading, interest rate swaps, etc. The goal is to encourage other builders to utilize the foundational infrastructure.
More specific
Let’s have a look at particular products AF is planning to deliver.
CMMM
AF (Aftermath Finance) has launched its Constant Mean Market Maker (CMMM) on devnet & testnet. CMMM allows for arbitrary-weighted pools with sizes greater than two. In simple words – there can be more than 2 tokens within 1 pool.
The pools can be useful for: low-liquid tokens, customized LP pairs, lending initiatives with flexible conditions, & even more complex but amazing stuff! Also, CMMM will be used to create decentralized indices and portfolio management systems.
Order book
A fully on-chain crankless order book is gonna be used for spots, futures, options, and other trading instruments. Thus, AF brings similar to CEX user experience into decentralized platform which can potentially result in huge user inflow.
Derivatives
Consisting of Perpetuals, Options & Structured Products, derivatives provide real yield, leverage, hedging and volatility trading opportunities.
You’re probably aware of how popular perps nowadays are. We’re excited to see its performance on Sui!
Testing the protocol
The protocol runs both on devnet & testnet, so you have chance to test some of its functionalities already, such as providing liquidity or stacking – TRY NOW.
However, we’d like to highlight one particular – staking of Capys.
Stake Capys
When a Capy is staked, it becomes locked for a certain period of time before it can be unstaked. The epoch time for staking currently differs between the testnet and devnet: the testnet has an epoch time of approximately 24 hours, while the devnet has approximately 2.5 hours.
Breed Capys
Users can breed two of their favorite Capys – between those that are staked and those that are just in the wallet. When two Capys are bred, a fee is charged and split between all global staked Capy positions and the specific staked Capys that were bred.
Unstake Capys
After the staked position of a Capy has been unlocked, users can unstake their Capy and retrieve all fees generated from other users breeding Capys on the platform.
Overall, Aftermath Finance aims to provide a decentralized exchange for users to engage with and earn rewards through interaction with their Capys.
Summing-up
We believe AF deserves close attention and are looking forward to see more exciting updates. The competition within the space is always a good thing. We’re happy to see the Sui network expands, and new DeFi protocols are being built. This should bring more liquidity to the market and take mass adoption to a new level. Let’s just ride this Suinami!
Official resources of Aftermath Finance:
Thanks for your time! We invite you to join our Discord and subscribe Twitter to stay in touch and discuss related topics. And simply have fun ;)
Article prepared by CryptoBelka & macevoy.eth – team members of Sui Ecosystem.