Transmuter v2

[iboss-ptk]

Background

At its core, transmuter is theoretically a constant sum AMM:

$k = p_0 \cdot x + y$ where the price $p_0 = 1$.

That means total pool shares $s = k$ and pool asset withdrawal is restricted by $s_1 = x_1 + y_1$.

But in return, providing $x_1$ or $y_1$ and getting $s_1$ can be viewed as a swap operation.

With that we can repurpose LP shares token as representation of a basket of coins and treat it as swappable asset so that there is no need to handle getting basket of coins representation separately from swap operation.

To ensure minimum level of risk exposure to any side of the underlying assets, the limits to the ratio of the underlying assets must be configurable.

Roadmap

• Allow custom LP subdenom and setting denom metadata #9
• Treat LP Shares as Swappable Assets #6
• Support for Configurable Limits #7
• Generalized support for >2 assets #8
• rename LP related term to alloyed asset related term #19
• Increase test coverage #16