Invariant

Invariant is an advanced decentralized exchange built around concentrated liquidity, enabling liquidity providers (LPs) to allocate capital within specific price ranges rather than across an entire curve. This highly targeted strategy results in significantly improved capital efficiency—up to 40,000 times greater than traditional AMMs. The exchange supports multichain operations, with early deployment and traction on Solana, and ongoing development for newer high-performance blockchains like Aleph Zero.

A key innovation of Invariant is its ability to create customizable liquidity positions with flexible fee tiers—ranging from as low as 0.01% to an exotic 10% tier. These tools are especially effective in volatile or experimental markets, like meme coin trading. With its fully-permissionless architecture, users can create, customize, and manage their positions without any centralized gatekeeping. The system is further enhanced by a tick-based architecture, allowing positions to be created with precise granularity and improving pricing on stable pairs.

Unlike conventional CLMMs that use NFTs to represent positions, Invariant introduces a more composable model using Program Derived Addresses (PDA). This design reduces costs, improves protocol integration, and avoids risks like accidental burns. Additional features include single-sided liquidity provisioning, auto-compounding through the Full Range Tokenizer, and AutoSwap, which automatically balances user assets to match required liquidity ratios—all through atomic transactions for maximum reliability and efficiency.

Competitors in the DEX and concentrated liquidity space include:

• Uniswap – pioneer of CLMM on Ethereum
• Raydium – Solana-based DEX with AMM support
• Orca – user-friendly DEX on Solana with simplified concentrated liquidity

Invariant provides numerous benefits and features that make it a standout project in the AMM and DeFi ecosystem:

• Concentrated Liquidity Engine: Users can allocate capital within custom price ranges for maximum capital efficiency.
• Fully Permissionless Architecture: Anyone can create pools or liquidity positions—no approval required.
• Exotic Fee Tiers: Offers rare options like 10% fee tiers for volatile assets or experimental tokens.
• Single-Sided Liquidity: Allows LPs to participate with only one asset, reducing entry barriers and optimizing capital.
• AutoSwap: Automatically balances assets to match optimal ratios for entering liquidity pools.
• Full Range Tokenizer: Tokenizes LP positions for composability with lending/borrowing protocols and auto-compounds fees.
• NFT-less Positions: Uses Program Derived Addresses instead of NFTs for easier management and reduced costs.
• Multichain Support: Designed to operate across blockchains like Solana and Aleph Zero.
• Hackathon-Proven Tech: Originally conceptualized during the Solana Riptide Hackathon and refined through subsequent competitions.

Invariant makes it easy for users to get started on its multichain DeFi exchange. Here’s how:

• Connect Wallet: Visit Invariant and connect your wallet. Use wallets like Nightly for optimal experience.
• Request Testnet Tokens: For Aleph Zero testnet, use the AZERO Faucet and then claim testnet BTC, ETH, and USDC from Invariant’s faucet.
• Add Liquidity: Go to “Liquidity” → “Add Position.” Choose your token pair, fee tier, and desired price range, then deposit your tokens.
• Swap Tokens: Head to the “Exchange” tab, select your desired tokens, and perform swaps using the intuitive UI.
• Claim Fees: Navigate to “Liquidity,” open your position, and click “Claim Fee” to collect earned rewards.
• Close Position: If you're done providing liquidity, you can close your position at any time. This will return your tokens and fees.
• Advanced Tools: Experiment with AutoSwap and the Full Range Tokenizer to fine-tune your LP strategies and maximize returns.
• Need Help? Join the community on Discord or refer to the comprehensive user guide on the official Invariant website.