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Classic Liquidity

Orvex offers a unified Classic Liquidity setup that covers:

  • Stable AMM pools for correlated assets
  • Classic / volatile AMM pools for uncorrelated assets

This mirrors the “stable vs volatile” split seen in other DEXs, with the addition of dynamic fees tuned to market conditions.

Pool types

Stable pools (correlated assets)

  • Designed for assets that trade closely together (for example, two stablecoins or liquid staking derivatives tracking the same asset)
  • Aims for minimal slippage around parity and efficient routing for stable swaps
  • Default fee example: 0.04% (subject to dynamic adjustments)

Classic / volatile pools (uncorrelated assets)

  • Designed for assets that can move more independently in price (for example, ORVX/USDT or other volatile pairs)
  • Prioritises price discovery and deeper spreads where volatility is higher
  • Default fee example: 0.18% (subject to dynamic adjustments)

Fees are dynamic and can adjust based on volatility, volume and liquidity.
The defaults above are illustrative and may change with protocol parameters.

Dynamic fees

Fees can adapt to market conditions to balance:

  • Cost for traders
  • Value capture for veORVX voters

In more volatile or thin markets, higher fees can increase value captured by veORVX voters while stronger gauge incentives can help attract liquidity.
In calmer conditions, lower fees can improve execution quality for traders.

Liquidity provider benefits

  • Trading fees:
    100% of swap fees are directed to veORVX voters. LPs earn oORVX emissions by staking their LP positions into gauges.

  • Emission rewards:
    LP tokens staked in gauges earn oORVX emissions according to the current incentives programme.

  • Voting incentives:
    veORVX voters can direct emissions toward certain pools. Partners may add external incentives (“bribes”) on top to attract more gauge weight.

Risks and considerations

  • Impermanent loss:
    Higher for volatile pairs; usually lower for strongly correlated assets.

  • Outcome range:
    LP returns depend on volume, volatility, fee tiers and the specific pool.

  • Smart contract and integration risk:
    See the Security / Audits and Legal Disclaimer sections for more detail.

When to choose each pool type

  • Use Stable pools when both assets are closely correlated and expected to stay near parity.
  • Use Classic / volatile pools when assets are uncorrelated and you expect meaningful price movement between them.