DeFi Primitives

Protocol yield earned by DeFi primitives is used to incentivize adoption of the identity framework

DegenHive integrates a suite of DeFi primitives, generating protocol fees that are distributed as yield to governance participants proportional to their voting power. These primitives are designed to enhance liquidity, facilitate trading, and incentivize adoption of the protocol.

1. Liquid Staking on Sui Network: DegenHive allows users to deposit SUI in exchange for degenSUI, which represents the tokenized version of staked SUI earning staking yield for users.

2. Automatic Market-Maker (AMM) Pools: DegenHive supports the permissionless creation of 2-token or 3-token AMM pools. It offers three distinct pool types, each designed to cater to different liquidity provision strategies and trading needs of protocols building on-top of Sui network:

   1. Passive Concentrated Liquidity (PCL): Allows for efficient, low-slippage swaps between tokens with varying price correlations.

   2. Stableswap: Supports swaps between stable assets with minimal slippage

   3. Weighted: Facilitates swaps between assets irrespective of price correlation

   These pools facilitate low-slippage token swaps and include native flash loan support and cumulative price calculations, enabling the construction of Time-Weighted Average Price (TWAP) oracles for traded assets.

3. Dragon Bees Marketplace: DegenHive supports in-built marketplace which facilitates dragon-bees trading among users, with trades being settled in SUI.