Protocol/Project Name:
Gamma
One sentence description of the Protocol:
Gamma is a protocol designed for non-custodial, automated, and active management of concentrated liquidity.
Protocol Overview:
Gamma is a non-custodial automated liquidity manager (ALM) that services decentralized exchanges (DEXs) that support concentrated liquidity. Gamma allows liquidity providers (LPs) to deposit capital into concentrated liquidity pools without manually setting or rebalancing positions.
Gamma is the leading automated liquidity management (ALM) on EVM-supported chains, with over $90M in TVL. It supports over 1,000 vaults, 35 networks, and 34 exchanges. In November 2024, Gamma facilitated $6 billion in volume and generated $4 million in fees.
Gamma offers LPs a variety of strategies, including aggressive narrow strategies, passive wide strategies, and balanced long/short strategies. In addition to strategies, Gamma also provides a platform for LPs to receive exclusive or global incentives via our in-house rewarders and partners like Angle Merkl.
Gamma is a global team that has been developing concentrated liquidity solutions for over three years. In 2024, Gamma has generated $4.4M in revenue, which allows us to operate sustainably and long-term.
MS Receiver Address:
OP Mainnet: 0x5Dc6a701833317EFBBFd5E5191A97439B0BC9CeF
Mode: 0x5Dc6a701833317EFBBFd5E5191A97439B0BC9CeF
Distribution Confirmation:
We’ll use Angle Merkl as our incentive distribution system.
Incentive Impact Statement:
Our key objectives are to:
- Increase the liquidity on the Mode network.
- Reduce slippage on volatile, stable, and staked pairs.
- Provide Mode liquidity providers with the most up-to-date liquidity management strategies.
- Provide Mode liquidity providers with efficient and fair fee and incentive distribution systems.
- Increase chain usage on Mode by increasing TVL, fees, volumes, and other KPIs.
To accomplish this, Gamma will distribute incentives to liquidity providers on strategically selected pools. Our choice of pools is a “game time” decision based on a formal evaluation of the Mode market.
Gamma has extensive experience running both public and private incentive programs. Some of these programs include:
Arbitrum STIP ($1,610,000 over 18 weeks)
Polygon Native USDC Program ($78,000 over 12 weeks)
Optimism OP-WETH Long Program ($425.000 over 26 weeks)
Under every incentive program, Gamma provides a Key Performance Indicator (KPI) dashboard that shows various metrics to evaluate performance. Gamma also provides a final report that includes post-incentive data, and a thorough evaluation of the program.
Gamma uses several Key Performance Indicators (KPIs) based on the type of incentive program and vault selection.
Total Value Locked is considered a good metric for evaluating stable-stable and staked pools due to the need for large amounts of capital to facilitate large trades.
Fees and Volumes are good metrics for evaluating volatile pools.
In both instances, we evaluate performance against the dollar amount of incentives issued weekly. This allows us to monitor performance over time and react to changing market conditions.
We also evaluate transactions as a sign of participation, post-incentive period data, and other compound statistics to give an overall picture of the efficacy of our incentive program.
In our program, Gamma will provide a variety of KPIs to evaluate incentive program performance.
Eligibility Criteria:
Link to .svg file for your logo:
Roadmap:
Gamma is currently deploying a new long/short strategy. The long/short strategy is an advanced liquidity management strategy meant to be deployed on established volatile liquidity pools. These pools are known to be very competitive and frequently experience impermanent loss (IL), which can discourage LPs from adding capital to those network-critical liquidity pools.
To prevent IL, our long/short strategy takes advantage of momentum trading. Momentum trading is a technique where price trends determine whether to long or short. When the signal is long, a wider liquidity range will be above the current price. Vice versa, when the signal is short, there will be a wider range below the current price. This approach helps protect LPs from IL while maintaining competitive fee generation.
Gamma intends to roll out long/short strategies on all its supported networks and partners.
Partnerships:
KIM Exchange
Gamma is deployed on and partnered with Kim to support the Mode network. Gamma currently supports seven different liquidity pools.
Angle Merkl
Gamma has a long working relationship with Angle. We use Merkl as an option to distribute incentives to liquidity providers and participate in campaigns.
Community Engagement:
Our standard procedure for launching incentive programs is as follows:
- Announcements on Gamma and partner Discords
- Announcement on X/Twitter
- Sharing of a Key Performance Indicator (KPI) dashboard
- Feature in the web application
As incentive programs come to equilibrium (deposits slow down), Gamma continues with social media posts and engagement to encourage LPs to deposit into vaults. We also highlight vault performance via our KPI dashboard and Dune dashboards.
Contact Information:
StrategicReserve - Business Development Lead
- Email: strategicreserve.eth@gmail.com
- TG: StrategicReserve
- Discord: 371040101045895169
- Twitter: sr_eth