Here's a detailed update on our SSL Pools if you haven't aren't caught up.. on the lore!
Defining a new era of pools 👀
Update on SSL Phase 3
Finishing up all the rust code implementation this week and handing over to DEX aggregators for integration. With Phase 3 we are trying a semi non-oracle approach:
For this approach, we would only use oracle prices to
1. Know when to start quoting when the algo turns on
2. To adjust risk: ie if the oracle price is way off from our quote, we will pause
Otherwise, to quote, we will:
1. Determine how much a potential swap will balance/imbalance our pool and price accordingly
2. Use our own trade volume to determine how wide or narrow to quote
3. Similar to scalping algorithm, but different in that we don't necessarily choose the size of the trades on our end. We accept or deny user's trades, and they pick the sizes
In the meantime, we are cooking up something secret to start gaining more volume on non bluechip tokens (i.e. memecoins)..stay tuned
As always, we are doing what hasn't been attempted in all of crypto, so patience is a virtue when you are breaking through infinity 🫡