Project Name: Humidifi
Token Name: WET
Involved Fields: DEX
HumidiFi is the largest decentralized exchange (DEX) by trading volume on the Solana platform, with daily trading volume exceeding 1 billion USD, accounting for approximately 35% of all spot DEX trading volume. It combines on-chain execution with institutional-grade market-making logic. The result is: lower spreads, deeper liquidity, and execution performance that surpasses competitors in both DEX and CEX.
On December 5th, TGE, and listed on Binance Alpha on the 9th.
HumidFi refers to its DEX model as 'Prop AMM' proprietary market maker.
First, off-chain servers monitor prices across various platforms, discovering ample sell orders for SOL on Binance, with prices relatively stable in the short term.
Oracles communicate with on-chain contracts to inform the situation, and on-chain contract price execution does not require significant price increases. As a result, traders can enjoy lower slippage.
Moreover, the white paper also mentions two scenarios: "managing and rebalancing on-chain inventory" and "identifying and punishing toxic arbitrage and informed bots".
Specifically, when the ratio of the two tokens in the LP pool is excessively skewed, assuming there is too much SOL reserved in the SOL-USDC trading pool during a downturn, as users rush to sell SOL to the pool in exchange for USDC.
HumidiFi detected inventory skew, indicating risk, and thus lowered the SOL sell quote.
Assuming the current CEX SOL price is 138 USDT, HumidiFI can quote 137.5 USDT to attract arbitrage, rebalancing the LP pool ratio.
To deal with malicious arbitrage and informed bots, it mainly relies on Nozomi's VIP channel, effectively canceling orders before they are executed.
Thus, HumidiFi can actually "transform from a single DEX to a universal liquidity layer of the Solana internet capital market", a statement also mentioned in the white paper.
$WET Total amount 1 billion, 90% team control, 10% unlocked at ICO TGE, ICO FDV 69 million USD.
