Magma Finance The official gitbook also provides an explanation of ALMM, as follows: Key Features 🎯 Better Capital Efficiency: Reduces wasted liquidity gaps due to discrete bin structures. 💰 Dynamic Fee Structure: Fees adaptively change based on volatility (CLMMs are typically fixed fees). 🏆 Simplified LP Experience: Eliminates the need for complex range management. ⚡ Zero Slippage Trading: No slippage within active bins (vs. CLMMs' incremental slippage). 🔥 Sui's First ALMM: An Opportunity to Capture the Untapped Market. It's important to understand the concept of "bin."