WOOFi: A Research Report On sPMM's
WOOFi is a cross-chain DEX where users can swap, earn and stake across 10 chains. The DEX utilizes a novel sPMM (Synthetic Proactive Market Making) algorithm to price assets, via the retrieval of CEX order book data and a sophisticated hedging mechanism for the market maker. Compared to traditional AMMs, this allows for more accurate pricing, more efficient liquidity, minimised IL and MEV protection.