Planar is a Customizable and Sustainable Liquidity Infrastructure protocol offering a yield across all of DeFi utilising Blast's native yields.
Planar provides real returns for its users and an infrastructure for protocols that helps them launch and grow with a suite of tools including plugins, a launchpad, a custom liquidity pool creator and a custom rewards contract wizard.
Multi-Curve AMM
The Planar protocol relies on AMM as its core component, featuring a Dynamic-Directional fee structure and a Multi-Curve Liquidity model.
Planar AMM uses different mathematical formulas depending on the type of pairs in the liquidity pools. The well-known UniV2 model with constant product formula (x*y=k) is used for volatile pairs, while the Curve formula (x³y+y³x=k) is used for stable pairs.
Dynamic-Directional DeFi fees
Planar allows you to customize swap fees for each liquidity pair, allowing you to set separate buy and sell fees. This feature allows Planar to incentivize pairs differently, taking into account market conditions, protocol requirements and other factors.
Fees handling delegation
Projects running on Planar AMM can set custom swap rates for their liquidity pools according to their strategies. Protocols can control their own best swap fees.
Swap Referral Program
Planar's swap referral program is designed for partners and projects joining the ecosystem. Partner projects can add their referral address to transactions made on Planar through their dapp and receive a portion of their users' swap fees.
Liquidity Position NFTs (lpNFTs)
On Planar, users can also wrap their LP tokens in NFTs called Liquidity Position NFTs (also known as lpNFTs). The lpNFTs serve as proof of LP deposits made by users in the protocol.
Unlike regular DEXs, not all LPs generate revenue. Planar's master contract allocates incentives only to the lpNFT positions of selected LPs.
If a certain lpNFT position is yield bearing, users can increase its yield by locking it for a certain period of time or allocating a certain amount of xPLANE to it on the Yield Booster. It can also be deposited in compatible Hyper Pools to earn additional rewards. Each yield-bearing lpNFT will have its own APY based on the allocation set for the pool by the protocol, the Lock multiplier and the Yield Booster multiplier. The sum of these two multipliers is used to calculate the overall position multiplier.
lpNFT positions are transferable, so only the current owner of a particular lpNFT will be considered the owner of the corresponding LP. They can be split as well as merged.
An lpNFT can act as a wrapper for both LP tokens and individual assets. Thus, any protocol can utilize this locking mechanism to provide its liquidity without Planar's involvement. In addition, protocols can integrate their own incentive layer using Hyper Pools , which can improve capital efficiency.
lpNFT Hyper Pools
Users can deposit their lpNFT positions into compatible Hyper Pools for additional rewards. While a Hyper Pool is being created, the type of lpNFT it can accept as a deposit is already defined. It will also have a reward token, the start time of the deposit and the reward distribution phase are also pre-defined. Optionally, the reward harvest time can be set.
Users can add new lpNFT positions and withdraw funds fully or partially at any time. The reward will be calculated based on the amount of deposits.
