A market-making protocol recently released its plans for 2026, revealing that last year they validated a hypothesis—whether the leverage AMM model can eliminate the longstanding issue of impermanent loss (IL). The results proved that it is practically feasible economically, and trading volume and fee income have stabilized.

How do they plan to proceed with this scheme now? They are not just focusing on the main cryptocurrencies like BTC and ETH anymore; they plan to gradually expand into more directions, especially those involving wrapped assets and tokenized real-world assets (RWA)—such as gold, stocks, and similar assets. They also aim to strengthen their governance token mechanism.

In simple terms, they are shifting from pure crypto asset market-making optimization to a broader range of asset types, trying to see if they can replicate this risk-reduction model in the RWA sector. If successful, it would be a substantial improvement for liquidity providers.