TWAMM Protocol is a new form of AMM that was designed by Paradigm and realized in Pulsar.

Various DEX products have been blooming in the DeFi market over the past 3 years. However, the existing ones suffer from some problems from different perspectives. For example, popular ones such as Uniswap focus on providing a platform that allows users to instantly exchange tokens at the cost of relatively large slippage when the size of the orders becomes large. On the other hand, Curve mitigated the slippage issue for its constant-sum-based model though the total amount of liquidity is also limited. This restricts the amount of tokens in its exchange pools. Our product, in turn, aims to resolve these two existing problems in the current DEXes.