STEAMM Beta

STEAMM Beta is officially live as of February 17th!

What is STEAMM and how does it work?

STEAMM is a Superfluid AMM that deposits idle liquidity to Suilend for additional yield.

Where can I access STEAMM Beta?

Head to https://steamm.fi/ to access STEAMM Beta. During the beta period, a Rootlets NFT will be required to access STEAMM.

Click here to purchase a Rootlets NFT at Tradeport.

What pools types does STEAMM support?

At launch, STEAMM Beta supports Constant pools. Constant pools operate similarly to Uniswap V2, using the constant product formula: 𝑥 × 𝑦 = 𝑘.

Where:

• 𝑥 and 𝑦 are the reserves of two assets in the pool,

• 𝑘 is a constant that remains unchanged during trades, ensuring that price adjustments happen algorithmically.

What assets does STEAMM support?

At launch, STEAMM Beta supports the following asset pairs and fee tiers:

• SUI-USDC (0.3%)

• SEND-SUI (2%)

• wBTC-USDC (0.3%)

• wBTC-SUI (0.3%)

What fees does STEAMM have?

When swaps are made via STEAMM, a protocol fee of 20% is incurred. For example, if a swap is made from a pool with a fee tier of 0.3%, 80% of the fee (0.24%) is distributed to liquidity providers (LPs), while the remaining 20% (0.06%) is reserved as the protocol fee.