Liquidity
GIGA DEX unifies three pool types into a single liquidity layer for MegaETH.
Pool Types
Stable pools: for correlated assets that should trade near parity, such as stablecoins, wrapped assets, and LSTs. Optimized curves deliver tight execution and minimal slippage around the peg.
Volatile pools: standard constant-product (x*y=k) pools for freely trading pairs where price discovery matters and no fixed relationship between assets is expected.
Concentrated liquidity pools: these let LPs deploy capital inside a chosen price range. Liquidity concentrated around the current price earns more fees per unit of capital. The tradeoff is active management: a position outside its range earns nothing until price returns or the LP rebalances.
Full-Range vs Range-Based
Stable and volatile pools are full-range: LPs deposit both assets and are exposed across the whole curve, with minimal maintenance.
Concentrated positions are range-based: the LP sets lower and upper bounds and only provides liquidity while the market trades inside them. Narrow ranges capture more fees per dollar; wide ranges stay active across more price movement and need less frequent rebalancing.
The GIGA interface includes a liquidity ladder view for concentrated positions, showing where a position’s liquidity sits relative to the current market price.
LP Revenue
LPs earn from two sources:
- Swap fees from trading volume in their pool.
- GIGA emissions, on gauged pools, streamed continuously while liquidity is active and in range.
Gauged Pools
Gauged pools receive GIGA emissions from the LP Emissions Reserve. Emissions are allocated per-pool by the protocol’s emissions controller and rebalanced hourly based on each pool’s rolling revenue. There are no vote epochs, bribe markets, or governance processes involved in the allocation. See Emissions.
Non-Gauged Pools
Any pool can be created permissionlessly and earns swap fees, but non-gauged pools receive no GIGA emissions.
20% of swap fees from non-gauged pools are routed to veGIGA stakers; the remaining 80% flows to the pool’s LPs under its normal fee model. Every pool on GIGA, gauged or not, contributes to the veGIGA revenue stream.