The Flype protocol transforms a time-consuming, multi-step process into an effortless single swap called “Flypping”. Flyppers can seamlessly switch between liquidity positions, flype-out from an existing position and flype-in to create a new one. Earn flypping fees on top of your existing liquidity positions' profits, by simply providing your LP tokens as liquidity to Flype’s pools. Our focus is to indorse the decentralized space with protocols that simplify and reward users that are actively supporting it, starting with: Liquidity Providers.
IMM stands for Flype’s Interoperable Market Maker mechanism, which computes the value of the LP tokens based on their underlying asset’s Oracle price and pool reserves. The IMM actively adjusts the LP tokens’ exchange rates in order to incentivize arbitrageurs to perform trades that will guide the pool’s asset quantities to equilibrium. This unique mechanism significantly reduces divergence loss for liquidity providers as compared to common AMMs.
