AMM V4
Cypher integrates Algebra Integral v1.2, delivering a faster, more modular experience for traders and LPs.
This upgrade improves capital efficiency, lowers gas use, and enables deeper customization through its plugin system.
Full docs: Algebra Integral v1.2
Key Highlights
- Modular Core Design — Core liquidity separated from fees/oracles for safe upgrades.
- Concentrated Liquidity — LPs target price ranges for higher efficiency.
- Gas Optimizations — Rewritten contracts for cheaper swaps.
- Plugin System (Hooks) — Add dynamic logic – fees, incentives, mechanics – without touching the core.
- Rebase Support — Rebased tokens auto-distributed to LPs.
- Multi-Pool Pairs — Each pair can host multiple pool configs.
Plugin Overview
Plugins are lightweight "extensions" that add new behaviors to pools.
- Current Plugins
- Upcoming Plugins
Adaptive Fee — Adjusts fees by 24 h volatility.
Sliding Fee — Dynamic per-swap fee based on price direction.
Volatility & TWAP Oracle — Stores price points & averages.
Security Module — Can pause pools in emergencies.
Limit Orders — Execute at preset prices.
TWAP Oracles — Provide weighted price feeds.
JIT Liquidity — Add liquidity only when needed.
Perpetuals & Leverage — Expand to advanced trading.
Custom Pools
Algebra Integral supports multiple pools per pair.
- Default Pools: protocol-provided, shown by default.
- Custom Pools: user-deployed for special strategies (with own fees & plugins).
Each pool can have unique parameters and reward logic, enabling specialized on-chain markets.
Custom pool deployers can set a plugin fee to earn a portion of swap fees — rewarding innovation and aligning builder incentives.