Answers to your questions about AMMs, tokenized assets, the Mune.Finance app, and more.
Mune.Finance is an automated market maker (AMM) for pegged value crypto assets. Mune.Finance enables anyone holding a pegged value crypto asset to trade in between other pegged assets with minimal slippage, ensuring users don’t lose value while trading.
50% of our admin fees go to a community chosen non-profit each quarter. We are-- as far as we know-- the first platform to facilitate flashloans for charity.
Pegged value crypto assets are tokens that have their value pegged to an underlying asset by some means. For example, the value of a stablecoin or tokenized bitcoin is supposed to be $1 or 1 BTC, respectively.
However, pegged value crypto assets fix this value using different mechanisms. Some assets, like Synthetix sBTC or sUSD, maintain their peg synthetically (in this case, via collateralization of SNX). Other assets maintain their peg by being backed by and redeemable for the actual underlying asset, either permissionlessly (e.g. tBTC) or through a centralized custodian (e.g. WBTC, USDC).
These different approaches and the associated risks are why the prices of pegged value crypto assets of the same type can vary slightly.
Price impact is the difference between the current market price and estimated execution price due to order size.
Max slippage is the maximum percentage the execution price can change unfavorably by, if exceeded your transaction will revert.
Slippage occurs when other trades change the price during the window between when your transaction is submitted and actually executed.
The A parameter, or amplification coefficient, is a configurable setting that determines how flat the liquidity curve for each pool is. For example, consider A = 1 vs. A = 10:
Pools with more volatile assets will use lower A values. (note: USD pool has a current A = 200)
At launch, everyone will be able to use Mune’s AMM to trade stablecoin pairs.
At launch, only developers will be able to flashloan from Mune's pool.
At this time, outside of fees-- LPs are rewarded with a warm fuzzy feeling in their hearts. Financial incentives to LP are soon to come, and our earliest users will not be forgotten for the size of their hearts 🤫
There is an industry standard 0.04% fee on all swaps-- 50% of which is charged as an admin fee for charity and users.
A competitive 6bps fee is applied to flashloans.
Mune.Finance is built on the contracts developed by the amazing team at Saddle (based on the work done by the amazing team at Curve), which have been audited by Certik, Quantstamp, and OpenZeppelin. Read the audits here. There is also a comprehensive breakdown of the math behind all our platforms from Curve [warning: link will download a PDF]-- or, for the more visually inclined.
Snapshot voting will be enabled prior to the first donation.
Mune was built by oldschool mainnet enthusiasts, and new parents.