Wavelength is a next-generation AMM (Automated Market Maker) on the Velas Network, built on BalancerV2's ingenious system. Wavelength allows for low-slippage trading through highly efficient customizable liquidity pools aimed at revolutionizing Defi on Velas and modernizing the ecosystem.

Our Automated Index Funds, otherwise known as Weighted Pools, are Liquidity Pools that take in up to eight tokens instead of the normal two. The Automated Index Funds have set percentages that each asset should always represent. Arbitrageurs are responsible for re-balancing the pools since there are arbitrage opportunities whenever the pool is unbalanced.

Wavelength is NOT a traditional AMM. We have an array of features that separate us from traditional AMMs and other protocols on the Velas chain. These include: Automated Index Funds, Stable Pools and a Smart Order Router.

The Smart Order Router is the automatic system of routing orders that finds the best possible prices. It is what allows Wavelength to offer its users a low slippage trading experience even in scenarios of less-than-optimal liquidity conditions.