Dual-Liquidity Pairs

Each Codex LP can have its own type, depending on the expected price correlation level between the two tokens of the pair.

Volatile pairs

Volatile pairs are traditional Uniswap V2 pairs that are using the standard constant product formula:

$$x * y = k$$

Stable pairs

We’ve adopted the Solidly stableswap algorithm whose innovative price curve formula supports swaps of pegged assets with minimum slippage:

$$x^3 * y + y^3 * x = k$$