Overview

Nucleo AMM is Nucleo's flagship product - and the first application built on top of the liquidity layer. It is a decentralized exchange that enables a native experience for users across all chains while offering best in class pricing and liquidity model.

Features

Intent Based Architecture

Nucleo AMM uses Nucleo's intent based architecture to enable seamless cross chain trading. For example, a user can request to swap USDC on Solana to ETH on Arbitrum, and the AMM will automatically route the swap directly while maintaining a native experience for the user.

Shared Liquidity

By being built on top of Nucleo's liquidity layer, the AMM is able to access liquidity from all chains Nucleo operates on.

For example, consider a user swapping ETH for USDC. In the current state of the ecosystem, each chain typically has its own leading DEX that maintains its own liquidity pool for this token pair. As a result, users across different chains are offered different pricing and liquidity depth depending on where they are operating from leading to higher slippage, market inefficiency, and inconsistent pricing. This is especially true for newer chains, or even non-native tokens on established chains.

With Nucleo's AMM, this problem is entirely solved. The AMM operates as a single large AMM across all the different chains. The user can be operating from a brand new chain that just launched and has basically zero liquidity, but get the same pricing and liquidity depth as they would on Ethereum since the AMM shares liquidity across all chains.

Aggregated LP Yield

Liquidity providers on the AMM can earn fees from swaps even when they are happening on a different chain.

Continuing the example of an ETH/USDC swap, an LP may have added ETH/USDC liquidity from Base. If a user conducts a swap that originates on Arbitrum and settles on Solana, the Base LP will still earn fees from this swap since the user's swap is touching the shared ETH/USDC liquidity on the protocol - not some chain-specific liquidity.

Gas Efficiency

Since users only submit intents on the source chain, the complex execution logic of the AMM is handled offchain by the Task Executors. This allows for cheap and highly gas efficient execution of actions taken by the user on their chain of choice - costing even less than a swap on a native DEX entirely.

Concentrated Liquidity

Concentrated liquidity allows market makers to provide liquidity within a specified price range. Each liquidity provider chooses their own position parameters, but all positions are aggregated from a swapper's perspective. This enables higher market efficiency by reducing slippage and having deep liquidity available within the optimal price range.