Introduction to Drachma DeFi

What is Drachma?

Drachma is a decentralised non-custodial automated market maker (AMM) which features “Curve style” hyper-efficient low-slippage swaps for both pegged and unpegged assets. Users participate as traders or liquidity providers (LPs).

Why Drachma?

The Metis community’s own homegrown AMM fills an important infrastructural niche in the Metis ecosystem, and does so in a way that has improved upon similar platforms’ shortcomings.

The objectives of the Traders are:

  1. Trade with lowest slippage and
  2. Lowest fees

The objectives of the LPs are:

  1. Control/Limit impermanent loss
  2. Achieve best utilization of capital deployed (capital efficiency)
  3. Maximize fees

Drachma aims to satisfy these requirements for both parties.

How do I interact with Drachma DeFi?

As a trader, simply select the assets you’d like to efficiently swap on the swap page of the Drachma dAPP (app.drachmadef.io).

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Input: The asset you currently have and want to swap (in this case, USDT) Output: The asset you want to swap for (in this case, USDC)

What is the cost of interacting with Drachma DeFi?