Nabla Finance

Nabla Finance is a yield protocol built around the Nabla Automated Market Maker. On HyperEVM, liquidity providers deposit a single asset into swap pools and earn fees from token swaps, while a shared backstop pool absorbs system risk instead of the individual depositor.

Nabla's documentation says the AMM needs no pairing asset, which lowers the capital required for a given amount of swap liquidity. Swap ratios come from a high-frequency pricing engine combined with onchain slippage curves that depend on pool imbalances and each asset's historic volatility. The design is meant to almost entirely avoid impermanent loss, and the docs describe it as optimized for crypto assets, real-world assets such as stablecoins, treasuries and commodities, and yielding assets such as LSTs and LRTs. Liquidity is aimed mainly at bots and autonomous agents.

• Swap pools: single-sided, lower-risk pools with a profile the docs compare to a lending protocol
• Backstop pool: a USDT0 pool that covers residual impermanent loss and other system risks and shares in protocol fees
• Swap interface: token swaps with selectable maximum slippage of 0.1%, 0.5% or 1% and a transaction deadline
• NABLA staking: stake, unstake and claim rewards, with a boost that affects voting power
• Portfolio view: liquidity positions, wallet balances and earnings

Withdrawals have a one-block cool-off, a new withdrawal overrides a pending one, and funds can be taken in a different asset through the backstop. The interface states that smart contracts are upgradable and that users must accept risk and sanctions-related terms before depositing. The project links to documentation, GitHub, X and Discord from its site.