Obric: Smart Liquidity Matters

Concentrated Liquidity Without Compromise

Obric currently operates as a proprietary AMM and does not accept external liquidity. As we expand to more chains and validate our methodology, we may open up deposits to external LPs in the future.

All Concentrated, Zero Compromise

Obric gives liquidity providers all the upsides of concentrated liquidity, with none of the trouble in LP management. We are building a new type of AMM that gives our liquidity providers:

• High Concentration

• Zero Impermanent Loss

• Market Neutrality

Proactive pricing

Obric is a proactive AMM. Unlike traditional constant-product AMMs or stableswap that uses a pool's token balance ratio to determine price, we use an external oracle to determine the "fair price" of a token, and then provide tight liquidity around that fair price.

The advantage? Impermanent loss can be minimized (in Obric V1) or completely eliminated (in Obric V2 and V3).

High Concentration

Since liquidity is provided in a tight region centered around the fair price, liquidity becomes massively concentrated, so that:

• Traders are able to get much smaller slippage

• The pool can support much, much higher volume using significantly less TVL

Zero Impermanent Loss

In a constant-product AMM for a coin pair X-Y, when token X's price rises, the AMM has to sell certain amount of X, and when a token's price falls the AMM has to correspondingly buy some X. This is the primary cause of impermanent loss.

In Obric V2 and V3, impermanent loss is completely eliminated by targeting a fixed amount of X when the pools are at balance.

Market Neutrality

To be documented. For now, you may watch our V3 APT-zUSDC pool's TVL for proof of neutrality.

Passive rebalancing

When our trading pools deviate significantly from their target balance, the pools automatically adjust their pricing so as to provide incentive for the market to trade the pool back to its target balance. This eliminates the trouble of manual rebalancing, and makes it easy for anyone to deploy their tokens with zero effort.