CaviarNine is a comprehensive DeFi ecosystem offering a range of products and services. The CaviarNine suite of products is also referred to as the FLOOP DeFi Ecosystem after its native $FLOOP token.
The platform is owned and operated by CaviarNine Limited BVI, a company incorporated in the British Virgin Islands. The CaviarNine ecosystem includes various services, such as The Aggregator and liquidity provisioning tools, developed by Caviar Labs, a Singapore registered software development house and subsidiary of Invariance Pte Limited.
Piers Ridyard interviewing Chris Colman, co-founder of Caviar Swap.
Piers Ridyard interviewing Chris Colman, co-founder of Caviar Swap.
The Aggregator is a unified front-end gateway to all liquidity on the Radix network. Initially known as DSOR (Decentralised Smart Order Router), it has been revamped and rebranded under the CaviarNine umbrella. The Aggregator's primary function is to ensure traders get the best possible price by aggregating liquidity from various sources. It searches all known DeFi smart contracts for liquidity, ensuring users get the best trade across all liquidity sources on Radix. The Aggregator connects to DEXs, order books, token bridges, validators, and other liquidity sources, ensuring traders don't have to rely on a single DEX for the best price.
Fee Structure
A minimal fixed fee is charged by the Aggregator, which is waived when routing to any CaviarNine liquidity. All fees accrued are directed to the FLOOP Treasury, controlled by the FLOOP DAO. These fees can potentially be converted into $FLOOP and either burned or used for long-term liquidity rewards.
Index Pools are multi-token pools that allow for bespoke liquidity provision, each characterized by different constituents, weights, and risk profiles. Pools can comprise between 2 and 9 distinct tokens.
Fee Structure
Index Pools incorporate a minor fixed fee component along with a dynamic liquidity fee meaning that in volatile market scenarios, liquidity providers receive increased fees as a buffer against impermanent loss. Liquidity providers (LPs) receive a portion of the liquidity fee proceeds. As per FLOOP Tokenomics part 1, the fixed fees are directed to the FLOOP Treasury, which is overseen by the FLOOP DAO. These fees might be converted into FLOOP and either burned or allocated for extended liquidity rewards.
Order Book is low-fee market and limit order system, which stands as an alternative to CaviarNine’s standard Automated Market Maker (AMMs). The Order Book also provides options for immediate execution or cancelation on partial fills. While Order Books allow traders to specify exact prices for transactions, they don't guarantee order fulfillment. AMMs, on the other hand, guarantee trade execution but can vary in price based on pool liquidity and trade size.
