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AMM

The innovative design of the CNV AMM algorithm allows LPs to deploy deep liquidity for different pairs (e.g. CNV-DAI) and accrue extremely deep liquidity within a tight peg. This also allows LPs to earn more with less capital investment. The native Concave AMM has been optimized for cheaper gas, in addition swap fees are set at only 0.25%. Why do we need our own AMM?
Owning our own AMM allows us to better control bonding operations. For example, when bonding occurs we are able to freely control the proportion of liquidity added via our Bonding Machine. This flexibility is only made possible through controlling our own market maker.
Graph - Constant Function Market Maker (CFMM) , x * y = k
CNV charges a 0.25% fee for all trades and is added to the liquidity pool of the token pair that was traded on. A liquidity pool (LP) is a pool of two tokens, e.g. CNV and DAI tokens. This pool is what allows users to exchange between the two tokens freely.
TUTORIAL: How to add liquidity and remove liquidity from a pool
Adding Liquidity Pools
1.Grab your tokens and head to the Pools page
2.Find the desired pool by using the page filters and/or typing in the Tokens you wish to deposit, eg. 'CNV' or 'DAI'.
3.Once you have selected the correct pool, you will see the pool page.
4.Here you can add Tokens and also amend slippage if necessary.
5.Once you have added in Tokens, you'll have to approve in your wallet then deposit the Tokens.
6.Done, you are now earning your share of trading fees generated by the pool!
Removing Liquidity Pools
1.Simply head to the pool you wish to remove tokens from and hit 'remove'. Now enter the required Tokens to remove or use one of the preselected % buttons (The ratio of tokens needed will be automatically filled).
2.Once you have selected the amount to remove, you will need to approve the transaction in you wallet order to remove the Tokens.