Trading Markets

Pryzm is a one-stop shop when it comes to decentralized yield trading. Offering a comprehensive suite of tools and features, Pryzm empowers users to take charge of their swaps and streamline their trading experience.

YAMM Swaps

Pryzm's Yield Automated Market Maker (YAMM) DEX caters to the unique requirements of principal and yield token trading. Each yield pool in Pryzm's YAMM contains a cToken and all maturities of pTokens. As time passes, the YAMM removes expired maturities and adds in new maturities automatically, providing a passive experience for liquidity providers. The YAMM has leverage parameters that amplify liquidity in certain yield ranges to allow for larger trades with lower price impact and to generate more revenue for liquidity providers.

The YAMM was designed to allow users to trade cTokens, pTokens, and yTokens all in one place.

To learn how to swap assets using the Pryzm app, follow this guide.

PulseTrade

Pryzm's PulseTrade feature allows you to break trades into smaller portions or invest at regular intervals, reducing the impact of pricing and timing concerns. Similar to the practice of DCA (Dollar-Cost Averaging), PulseTrade allows you to set a price limit and execute a recurring trade at a set interval.

For example, you could specify to swap 1 $USDC for $ATOM every minute over 100 minutes. You can even specify an execution price limit to take advantage of price fluctuations, purchasing your entire amount if price drops below a certain level.

To learn how to create a PulseTrade using the Pryzm app, follow this guide.

Flow trade

FlowTrade is designed for assets with low liquidity on AMMs. It is an auction-style market where tokens are swapped gradually over time, either continuously every block or at fixed intervals. Users can bid and offer tokens to each other.

Creators are users who make or own the tokens that they want to sell. Subscribers are the people who want to buy the tokens from the creators. Creators send their tokens to the subscribers, and subscribers send their tokens back to the creators. This is called a flow. The creators' tokens are locked in the flow, which means they cannot be taken back or changed. The subscribers' tokens are not locked, which means they can be increased or decreased at any time. The number of subscribers' tokens in the flow affects the price of the creators' tokens. The more subscribers' tokens there are, the higher the price. The fewer subscribers' tokens there are, the lower the price. This price change is the same for everyone in the flow, so no one gets an unfair advantage or disadvantage. Creators can also set a minimum price for their tokens, so they don't lose money if the price drops too low.

To learn how to create a flow using the Pryzm app, follow this guide