引入動態AMM V2：反向日本拍賣費

5月23日，Solana聯合創始人Anatoly Yakovenko在X帖子中分享了對動態AMM V2的見解。他將動態費用調度程序描述為限制狙擊交易風險的一種簡單，快速的方法。

May 23 saw Anatoly Yakovenko, co-founder of Solana, share insights on Dynamic AMM v2 in an X post. He highlighted the dynamic fee scheduler as a simple, fast way to limit sniper trading risk. Yakovenko likened the scheduler to a reverse Japanese auction mechanism for fee control. This update follows an announcement by Meteora Network of the full integration of DAMM v2 pools. The pools are now available on Axiom Exchange, Photon, Jupiter Exchange, and Dexscreener platforms. This integration makes Dynamic AMM v2 accessible to all projects within the Solana ecosystem.

5月23日，Solana的聯合創始人Anatoly Yakovenko在X帖子中分享了對動態AMM V2的見解。他強調了動態費用調度程序是一種限制狙擊交易風險的簡單，快速的方法。 Yakovenko將調度程序比作反向日本拍賣機制以進行收費。此更新是在Meteora Network公告有關DAMM V2池的完整集成下的公告之後。現在可以在Axiom Exchange，Photon，Jupiter Exchange和DexScreener平台上獲得池。這種集成使動態AMM V2可訪問Solana生態系統中的所有項目。

Dynamic AMM v2 is a newly introduced automated market maker program for improved liquidity management. It provides more control over transaction fees compared to earlier versions. Unlike its predecessor, this version is a standalone implementation rather than an upgrade. A key innovation includes the LP Fee Scheduler, which lowers fees over time. This scheduler acts as a deterrent to automated sniper trades at launch events. Pool creators can now set provider fees that gradually decrease after launch. The program enhances flexibility for liquidity providers and token launch platforms.

Dynamic AMM V2是一項新引入的自動推銷商計劃，可改善流動性管理。與早期版本相比，它對交易費用提供了更多控制。與它的前身不同，此版本是獨立的實現，而不是升級。關鍵創新包括LP費用調度程序，隨著時間的推移降低了費用。該調度程序在發布會上對自動狙擊交易的威懾作用。泳池創建者現在可以設定啟動後逐漸減少的提供商費用。該計劃增強了流動性提供商和代幣啟動平台的靈活性。

Moreover, Dynamic AMM v2 supports both SPL and Token 2022 token standards seamlessly. This compatibility enables features like transfer fee extensions and metadata pointers. Users can effortlessly leverage newer token functions across the Solana ecosystem. Additionally, the program introduces a concentrated liquidity model for higher capital efficiency. Liquidity can be focused within specific price ranges to improve returns. This option provides a level of control not available in traditional AMM systems. Developers can tune these settings to match their project needs flexibly. This feature supports optimized capital use across various market conditions and cycles.

此外，動態AMM V2都支持SPL和令牌2022代幣標準。這種兼容性使得傳輸費用和元數據指針等功能。用戶可以輕鬆利用整個Solana生態系統的新令牌功能。此外，該計劃還引入了一個集中的流動性模型，以提高資本效率。流動性可以集中在特定的價格範圍內，以提高收益。此選項提供了傳統AMM系統中無法獲得的控制水平。開發人員可以調整這些設置，以靈活地符合其項目需求。此功能支持在各種市場條件和周期中優化的資本使用。

Dynamic AMM v2 uses position NFTs instead of standard LP tokens for liquidity tracking. Each non-fungible token represents an individual liquidity position in a pool. Users can transfer these NFTs between wallets easily and securely. This approach allows new secondary markets for liquidity positions in the future. It marks a major architectural change in user participation tracking and management. Pool creators gain more control over position flexibility and trading options. This innovation could reshape liquidity pool interactions across decentralized finance platforms. Users may benefit from more transparent and transferable liquidity positions.

動態AMM V2使用位置NFT而不是標準LP代幣進行流動性跟踪。每個不可殺死的令牌代表池中的單個流動性位置。用戶可以輕鬆，安全地在錢包之間傳輸這些NFT。這種方法允許將來的新二級市場領取流動性位置。它標誌著用戶參與跟踪和管理的重大架構變化。泳池創建者對位置靈活性和交易選項獲得更多控制權。這項創新可以重塑分散的金融平台之間的流動性池相互作用。用戶可能會受益於更透明和可轉移的流動性位置。

Dynamic AMM v2 introduces customizable fee structures for volatile markets. Creators set a base fee plus a variable component based on volatility. This structure can maximize returns for providers during price swings. Fee collection is now entirely separate from liquidity withdrawal processes. Providers can claim fees independently using preferred tokens like SOL or USDC. This change simplifies reward management for liquidity suppliers across pools. It also helps reduce complexity in multi-token reward distribution systems. Pools now support more granular fee and reward configurations for teams.

動態AMM V2引入了揮發性市場的可自定義費用結構。創建者設定基本費用以及基於波動率的可變組件。這種結構可以在價格波動期間最大化提供商的回報。現在，收費與流動性提取過程完全分開。提供者可以使用SOL或USDC（例如SOL或USDC）獨立索取費用。此更改簡化了跨池的流動性供應商的獎勵管理。它還有助於降低多型獎勵分配系統的複雜性。池現在支持團隊的更多顆粒費和獎勵配置。

Dynamic AMM v2 includes flexible liquidity lock options for pool creators. Locks can be permanent or subject to custom vesting schedules. Fee claims remain accessible despite liquidity being locked in pools. This approach balances long-term commitment with ongoing reward access for participants. The program now integrates a built-in farming mechanism directly into its code. Developers no longer need separate farming contracts for reward distribution. This integration streamlines setup and reduces external dependencies for protocols. Teams can deploy pools faster without requiring additional farming infrastructure.

動態AMM V2包括泳池創建者的靈活流動性鎖定選項。鎖可以是永久性的，也可以按自定義歸屬時間表。儘管流動性被鎖定在池中，但仍可訪問費用索賠。這種方法將長期承諾與參與者的持續獎勵訪問平衡。該計劃現在將內置的農業機制直接集成到其代碼中。開發人員不再需要單獨的農業合同來獎勵分配。此集成簡化了設置並減少了協議的外部依賴關係。團隊可以更快地部署游泳池，而無需額外的農業基礎設施。

Unlike earlier versions, Dynamic AMM v2 does not integrate with Dynamic Vaults. Each liquidity pool now uses dedicated accounts for swap instruction processing. This separation improves transaction efficiency and lowers computational resource costs. Solana co-founder Anatoly Yakovenko’s praise for the rollout highlights the continued progress in the blockchain space. As part of this wave, Meteora Network aims to build customizable infrastructure for decentralized trading protocols. This has led to the creation of programs like the Dynamic AMM v2.

與早期版本不同，動態AMM V2與動態庫不集成。現在，每個流動性池使用專用帳戶進行交換指令處理。這種分離提高了交易效率並降低了計算資源成本。 Solana聯合創始人Anatoly Yakovenko對推出的讚美強調了區塊鏈空間的持續進展。作為此浪潮的一部分，Meteora網絡旨在為分散交易協議構建可定制的基礎架構。這導致創建了Dynamic AMM V2之類的程序。