FYND AMM: THE FIRST AMM THAT OUTBIDS COMPETITION IN REAL-TIME

Summary from the TLDR Crypto newsletter

Fynd AMM introduces a last-mover pricing mechanism where the pool sets its price during routing after observing all competing quotes, rather than submitting a fixed price before DEX aggregators query it. Traditional AMMs and propAMMs bid blind, causing LPs to either overbid on trades they win or lose trades they could have priced to win. A backtest of 60 ETH/USDG trades on Robinhood shows a standard 30 bps pool captures half the trades but collects only 37% of available fees, while Fynd AMM charges the maximum fee that still wins each trade, generating 2.7x more LP revenue. The protocol is launching on Ekubo's concentrated liquidity infrastructure and is already integrated on Robinhood and Base.