Aftermath Finance was created by witnessing the development team's experiences with major events in the cryptocurrency market. From the failures in the structure of Terraform Labs with LUNA to the mismanagement of the CEX exchange that was once the second-largest in the market, FTX. It is precisely these events that have given birth to Aftermath Finance, aiming to provide users with safety through optimized products. So, what is Aftermath Finance? Let's explore this together through the article below.
What is Aftermath Finance? Exploring the All-in-One trading platform on Sui
What is Aftermath Finance?
Aftermath Finance is an All-in-One platform built on Sui and compatible with the Sui Network ecosystem, created to expand and consolidate liquidity sources on SUI through features such as Swap, Stake, Earn, and Bridge. As of the time of writing, Aftermath Finance has shown significant growth, with its TVL increasing from $22 million to over $94 million since the beginning of the year.
In addition, Aftermath Finance also provides the market with an LRT called afSUI, opening up countless opportunities for integration with other platforms such as Scallop, NAVI Protocol, and Typus Finance. Moreover, the features that Aftermath Finance is bringing to the market not only make the user experience seamless but also present opportunities to receive Airdrop from Aftermath Finance.
Aftermath Finance's TVL on 28/10/2024. Source: defillama
Key features of Aftermath Finance
Swap
Aftermath Finance's Smart Order-Router (SOR) is essentially a Dex Aggregator that connects not only the pools on Aftermath Finance but also other DEXs on Sui, thereby ensuring ample liquidity for user transactions. To put it simply, when a user trades a specific asset, Aftermath Finance's router will search for the best price across all pools on the entire DEX ecosystem on Sui.
Currently, Aftermath Finance's SOR is interacting with liquidity pools on Aftermath, DeepBook, Cetus, Turbos, FlowX, Kriya, Suiswap, and BlueMove. In the future, as the Sui DeFi ecosystem grows and new liquidity sources emerge, they will also interact with Aftermath Finance's router.
DCA
DCA, or Dollar Cost Averaging, is a feature soon to be launched by Aftermath Finance, providing users with a trading and investment strategy that includes representing the user by splitting a large transaction into smaller ones.
Aftermath Finance's DCA feature can be applied to various use cases, but the primary purpose of DCA is to mitigate against significant market fluctuations.
Pool
Unlike other AMMs that provide 2-asset pools on Sui, Aftermath Finance's Constant Function Market Maker (CFMM) will offer users 8 assets per pool. The CFMM will also support uncorrelated assets for the pool, such as ETH, BTC, SUI, and USDC, in addition to facilitating efficient swaps between multiple assets within the pool.
Farm
Aftermath Finance's Afterburner Vault will reward users who provide liquidity to the pools by distributing token rewards. The eligible pools to receive rewards will be determined through a banner displayed at the top of the Pools & Farms page.
Stake
In addition to the above features, Aftermath Finance also provides users with a Stake function. Besides the fixed annual interest rate, Aftermath Finance is also bringing the afSUI, one of the first LRTs on the Sui system, to the market. This allows users to be highly flexible in their interactions with other lending platforms. With afSUI, users can optimize their profits with the SUI they hold for an extended period.
Basic token information
Currently, Aftermath Finance has not announced the launch of a token. Coin68 will provide an update as soon as there is specific information from the project.
Development team
At the moment, Aftermath Finance has not disclosed specific information about its development team. Coin68 will provide an update as soon as there is the latest information from the project.
Investors
As of the time of writing, Aftermath Finance has only announced a few funds and individuals who have invested in the project, and the investment amount has not been disclosed. Aftermath Finance has received investments from funds such as: Mysten Labs, Mechanism Capital, Quantstamp, Concave Ventures, Robot Ventures, Figment Capital, Compound,...
Conclusion
The above is all the information related to Aftermath Finance and what the project is bringing to the market. Through this article, Coin68 hopes to provide readers with the most comprehensive overview of Aftermath Finance and its growth potential in the future.
Note: Coin68 is not responsible for any investment decisions you make. Wishing you success and a lot of profits from this promising market!
