More capital efficient DEX
LPs earn twice, swap fees and lending interest on the same deposit.
Next gen DEFI
Lending protocol and a DEX in one layer
The first Decentralized Lending Exchange (DLEX), where you can lend, trade and leverage any asset without oracles.
Backed by
What Ammalgam unlocks for you
One deposit into an Ammalgam pool is swap liquidity, lendable inventory and collateral, all at the same time.
Lending markets for any token
Any token with a pool can be lent and borrowed. No approvals, no external oracles needed.
Built-in complex strategies
DLEX combines a DEX and lending in one pool, enabling leverage and many complex strategies.
Use your liquidity as collateral
Keep your LP position earning and borrow against it without leaving the pool.
Built for all DeFi users
Traders, LPs and market makers share one pool. Every trade deepens the liquidity everyone else earns from.
For traders
Trade any strategy
Swap, go long or go short against deep capital-efficient liquidity
For LPs
Outrun Impermanent Loss
Lending interest on top of swap fees helps you beat IL
For market makers
Hedge your position
Hedge or leverage your own liquidity to run complex strategies
Liquidity works harder in Ammalgam
Idle
Swaps
Idle
Lent
Swaps
Dual purpose pools
Idle liquidity is lent out
Most of the pool sits idle between swaps. Ammalgam lends it out, so one deposit earns swap fees and interest.
Smarter swap fees
Fees scale with price impact
Everyday swaps cost close to nothing. The more a trade moves the price, the more it pays LPs.
Pools, vaults, trade, recipes in one app
app.ammalgam.xyz / pools
Permissionless
Open poolsPools
Create a pool for any token pair, managed by an on-chain risk engine.
- Earn swap fees and lending interest
- Your LP position is collateral
- Withdraw any time within available liquidity
app.ammalgam.xyz / vaults
Curated
Open vaultsVaults
Deposit once and let a curated strategy do the work across Ammalgam pools.
- One-click deposit
- Managed by professional curators
- Earn Ammalgam Points on every deposit
app.ammalgam.xyz / trade
Deep liquidity
Open tradeTrade
Swap, go long or go short against liquidity that is lent and traded at once.
- Long, short or swap in one panel
- No protocol swap fees
- No external price feed
app.ammalgam.xyz / dlex
Coming soon
Read the docsDLEX
Compose lending, borrowing and liquidity into one position with preconfigured recipes.
- Eight preconfigured recipes
- Tune delta and gamma yourself
- Hedge, leverage or go delta neutral
Complex strategies made easy with Ammalgam
Pick a recipe and see how its payoff changes with price and time
Heat map
lossbreakevenprofit
Secured by the best
Ammalgam's security framework combines extensive testing, formal verification and reviews from leading security firms.
