JulSwap V2

JulSwap V2 is a partial fork of Uniswap with additional advantages like fee reduction for JulD holders!

Higher Capital Efficiency for JulSwap V2 LPs:

Now, why would you say that you don’t want to earn from fees? Well, for the stablecoin pools such as DAI/USDC, there is a minimal chance that the price would go out of the $0.99-$1.01 price range, even though your assets would be evenly distributed along the price curve in v1. That means only a tiny percentage of the total amount of funds is earning you any fees. In JulSwap V2, you deposit 100% of your assets in that $0.99-$1.01 range. This way, it’s not only a fraction of the assets you deposited that is making returns for you but rather the whole of your assets.

Active Liquidity:

As I already mentioned in the previous example, you and your friend would get the same amount of fees as long as the price of ETH stays within the $1,808-$2,215 range. So what happens if it goes beyond that?

Range Orders

This one is somewhat opposite of the active liquidity feature. Better said, this is a brilliant way of using the active liquidity feature.

Non-Fungible Liquidity

Since LPs can provide liquidity in custom price ranges, their liquidity positions in JulSwap V2 aren’t fungible anymore. ETH/DAI positions at $1,950-$2,050 and $1,900-$2,100 aren’t the same. The first one comes with higher capital efficiency but also more risk and possibility of inactive liquidity.

Flexible Fees:

As I had already mentioned, JulSwap V1 had only flat 0.30% fees, of which 90% goes to the LPs. JulSwap V2 introduced a 0.05% protocol fee which could be turned on/off.

  • 0.05% — expected for stablecoin pools like DAI/USDC
  • 0.30% — for standard non-correlated pools like ETH/DAI
  • 1.00% — for exotic non-correlated pairs

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