What It Is
HODLMM (High-throughput Orderbook-style Decentralized Liquidity Market Maker) is a concentrated liquidity engine built on Bitcoin via Stacks. It replaces the capital-inefficient constant-product AMM model with discrete price bins that deliver orderbook-style precision.
How It's Different
Feature | Legacy AMMs | HODLMM |
Capital efficiency | 1× (liquidity spread $0 → infinity) | 800× (concentrated in active bins) |
Slippage | Varies by trade size | Zero inside active bins |
LP management | Manual, constant monitoring | Strategy Vaults for hands-off earning |
Strategy options | One size fits all | 3 shapes: Spot, Curve, Bid Ask |
Yield stacking | Trading fees only | sBTC consensus yield + trading fees |
Three Strategy Shapes
Spot — Wide spread, steady fees, lower risk. Best for passive holders.
Curve — Concentrated around market price, higher yield potential. Best for stable pairs.
Bid Ask — Liquidity at the edges to capture price swings. Best for single-sided DCA strategies.