Archly is a fork of Solidly, that allows low cost, near 0 slippage trades on uncorrelated or tightly correlated assets. The protocol incentivizes fees instead of liquidity. Liquidity providers (LPs) are given incentives in the form of token, the amount received is calculated as follows;

• 100% of weekly distribution weighted on votes from ve-token holders

The above is distributed to the gauge (see below), however LPs will earn between 40% and 100% based on their own ve-token balance.

LPs with 0 ve* balance, will earn a maximum of 40%.

AMM

What differentiates Archly's AMM;

Archly AMMs are compatible with all the standard features as popularized by Uniswap V2, these include;

• Lazy LP management
• Fungible LP positions
• Chained swaps to route between pairs
• priceCumulativeLast that can be used as external TWAP
• Flashloan proof TWAP
• Direct LP rewards via skim
• xy>=k

Archly adds on the following features;

• 0 upkeep 30 minute TWAPs. This means no additional upkeep is required, you can quote directly from the pair
• Fee split. Fees do not auto accrue, this allows external protocols to be able to profit from the fee claim
• New curve: x3y+y3x, which allows efficient stable swaps
• Curve quoting: y = (sqrt((27 a^3 b x^2 + 27 a b^3 x^2)^2 + 108 x^12) + 27 a^3 b x^2 + 27 a b^3 x^2)^(1/3)/(3 2^(1/3) x) - (2^(1/3) x^3)/(sqrt((27 a^3 b x^2 + 27 a b^3 x^2)^2 + 108 x^12) + 27 a^3 b x^2 + 27 a b^3 x^2)^(1/3)
• Routing through both stable and volatile pairs
• Flashloan proof reserve quoting

token

TBD

ve-token

Vested Escrow (ve), this is the core voting mechanism of the system, used by BaseV1Factory for gauge rewards and gauge voting.

This is based off of ve(3,3) as proposed here

• deposit_for deposits on behalf of
• emit Transfer to allow compatibility with third party explorers
• balance is moved to tokenId instead of address
• Locks are unique as NFTs, and not on a per address basis

function balanceOfNFT(uint) external returns (uint)

BaseV1Pair

Base V1 pair is the base pair, referred to as a pool, it holds two (2) closely correlated assets (example USDT-USDC) if a stable pool or two (2) uncorrelated assets (example TLOS-KARMA) if not a stable pool, it uses the standard UniswapV2Pair interface for UI & analytics compatibility.

function mint(address to) external returns (uint liquidity)
function burn(address to) external returns (uint amount0, uint amount1)
function swap(uint amount0Out, uint amount1Out, address to, bytes calldata data) external

Functions should not be referenced directly, should be interacted with via the BaseV1Router

Fees are not accrued in the base pair themselves, but are transfered to BaseV1Fees which has a 1:1 relationship with BaseV1Pair

BaseV1Factory

Base V1 factory allows for the creation of pools via function createPair(address tokenA, address tokenB, bool stable) external returns (address pair)

Base V1 factory uses an immutable pattern to create pairs, further reducing the gas costs involved in swaps

Anyone can create a pool permissionlessly.

BaseV1Router

Base V1 router is a wrapper contract and the default entry point into Stable V1 pools.

function addLiquidity(
    address tokenA,
    address tokenB,
    bool stable,
    uint amountADesired,
    uint amountBDesired,
    uint amountAMin,
    uint amountBMin,
    address to,
    uint deadline
) external ensure(deadline) returns (uint amountA, uint amountB, uint liquidity)

function removeLiquidity(
    address tokenA,
    address tokenB,
    bool stable,
    uint liquidity,
    uint amountAMin,
    uint amountBMin,
    address to,
    uint deadline
) public ensure(deadline) returns (uint amountA, uint amountB)

function swapExactTokensForTokens(
    uint amountIn,
    uint amountOutMin,
    route[] calldata routes,
    address to,
    uint deadline
) external ensure(deadline) returns (uint[] memory amounts)

Gauge

Gauges distribute arbitrary token(s) rewards to BaseV1Pair LPs based on voting weights as defined by ve voters.

Arbitrary rewards can be added permissionlessly via function notifyRewardAmount(address token, uint amount) external

Gauges are completely overhauled to separate reward calculations from deposit and withdraw. This further protect LP while allowing for infinite token calculations.

Previous iterations would track rewardPerToken as a shift everytime either totalSupply, rewardRate, or time changed. Instead we track each individually as a checkpoint and then iterate and calculation.

Bribe

Gauge bribes are natively supported by the protocol, Bribes inherit from Gauges and are automatically adjusted on votes.

Users that voted can claim their bribes via calling function getReward(address token) public

Fees accrued by Gauges are distributed to Bribes

BaseV1Voter

Gauge factory permissionlessly creates gauges for pools created by BaseV1Factory. Further it handles voting for 100% of the incentives to pools.

function vote(address[] calldata _poolVote, uint[] calldata _weights) external
function distribute(address token) external

Arbitrum One

Name	Address
Arc	0x9435Ffb33Ce0180F55E08490C606eC3BD07da929
veArc	0x4c01dF6B9be381BA2a687D0ED5c40039dEEaf0a9
veArc-dist	0x5A63409C88dDD327A56eEf3a3492Bb0Ce74ba795
BaseV1Factory	0xeafBFeb64F8e3793D7d1767774efd33b203200C9
BaseV1Router01	0x684802262D614D0Cd0C9571672F03Dd9e85D7824
BaseV1Router02	0x6101b5e993b9d3A823f3cE1917Be265aBD19E845
BaseV1GaugeFactory	0xbc5AAF4970E50B2504C2441367B87B6F3D9Ac504
BaseV1BribeFactory	0xd9Fd10945d69053Eadd365B786977B6290fea088
BaseV1BribeV2Factory	0xbf9d939436f643823FfDeDE99E2602f75D0df234
BaseV1BribeV2Factory (2.1)	0x9cC1fc700695c21730E3a84748A50705F3f0655D
BaseV1Voter	0xA978acE8D8809213Cd5e6212197196cB847129E9
BaseV1Minter	0xE9d7623f44b7726FE2013c2f8043051358731320

Base

Name	Address
Arc	0x684802262D614D0Cd0C9571672F03Dd9e85D7824
veArc	0x4c01dF6B9be381BA2a687D0ED5c40039dEEaf0a9
veArc-dist	0x5A63409C88dDD327A56eEf3a3492Bb0Ce74ba795
BaseV1Factory	0xBa06043a777652BAF540CcC785EDaFd94eE05b37
BaseV1Router02	0xeafBFeb64F8e3793D7d1767774efd33b203200C9
BaseV1GaugeFactory	0xbc5AAF4970E50B2504C2441367B87B6F3D9Ac504
BaseV1BribeFactory	0xd9Fd10945d69053Eadd365B786977B6290fea088
BaseV1BribeV2Factory (2.1)	0x12BfB58c8Fb5De8CE77b45F465eF9D2613D4B5e6
BaseV1Voter	0xA978acE8D8809213Cd5e6212197196cB847129E9
BaseV1Minter	0xE9d7623f44b7726FE2013c2f8043051358731320

Arbitrum Nova, BNB Chain, Fantom, Kava, Optimism, and Polygon

Name	Address	Arbitrum Nova	BNB Chain	Fantom	Kava	Optimism	Polygom
Arc	0x684802262D614D0Cd0C9571672F03Dd9e85D7824	contract	contract	contract	contract	contract	contract
veArc	0xf070654b08595f8F358Ff90170829892F3254C67	contract	contract	contract	contract	contract	contract
veArc-Dist	0x4c01dF6B9be381BA2a687D0ED5c40039dEEaf0a9	contract	contract	contract	contract	contract	contract
BaseV1Factory	0xBa06043a777652BAF540CcC785EDaFd94eE05b37	contract	contract	contract	contract	contract	contract
BaseV1Router01	0xeafBFeb64F8e3793D7d1767774efd33b203200C9	contract	contract	contract	contract	contract	contract
BaseV1Router02	0x6101b5e993b9d3A823f3cE1917Be265aBD19E845	contract	contract	contract	contract	contract	contract
BaseV1GaugeFactory	0x5A63409C88dDD327A56eEf3a3492Bb0Ce74ba795	contract	contract	contract	contract	contract	contract
BaseV1BribeFactory	0xbc5AAF4970E50B2504C2441367B87B6F3D9Ac504	contract	contract	contract	contract	contract	contract
BaseV1BribeV2Factory	0xbf9d939436f643823FfDeDE99E2602f75D0df234	contract	contract	contract	contract	contract	contract
BaseV1BribeV2Factory (2.1)	0x9cC1fc700695c21730E3a84748A50705F3f0655D	contract	contract	contract	contract	contract	contract
BaseV1Voter	0xd9Fd10945d69053Eadd365B786977B6290fea088	contract	contract	contract	contract	contract	contract
BaseV1Minter	0xd865043A22604Caf267422283B8601A9d546301f	contract	contract	contract	contract	contract	contract

Telos Mainnet

Name	Address
wTLOS	0xd102ce6a4db07d247fcc28f366a623df0938ca9e
Arc	0xa84df7aFbcbCC1106834a5feD9453bd1219B1fb5
veArc	0x5680b3059b860d07A33B7A43d03D2E4dEdb226BB
veArc-dist	0x9763cD8DA9e1ED99490893A8bcd64e5e87E7cd3C
BaseV1Factory	0x39fdd4Fec9b41e9AcD339a7cf75250108D32906c
BaseV1Router01	0x7BF5247c2d8cC4Ad7b588898B1ED3594815Ca3f9
BaseV1Router02	0x6101b5e993b9d3A823f3cE1917Be265aBD19E845
BaseV1GaugeFactory	0x3D5eA100C38c0Af9f5d94105EA4E160AeE6DC668
BaseV1BribeFactory	0x11ca072a392D92ca63976CD9c1dc38de1FE578ee
BaseVBribeV2Factory	0xbf9d939436f643823FfDeDE99E2602f75D0df234
BaseVBribeV2Factory (2.1)	0x9cC1fc700695c21730E3a84748A50705F3f0655D
BaseV1Voter	0xd9742c670eEE8001d965964E05793c42c588B657
BaseV1Minter	0xdB6db572DA4be59656f87Ee5711D8334e1f9b0E9

Telos Testnet

Name	Address
wTLOS	0xae85bf723a9e74d6c663dd226996ac1b8d075aa9
Arc	0x6a921C4b3f4Dfb4bD278EBA5978B0381b74ea8fa
veArc	0x3EBfCEF3F3C0268Fa9AfB14CD461E2CC11ce0640
veArc-dist	0x4b71F90c5d1968c21D3dc70A59268908A20A24Ef
BaseV1Factory	0xCEE3e7189913335D83c41aDfC3089B2B17a6a740
BaseV1Router01	0x45A27E9Dc65143Eb0aa2249D4a1B1c5464373e29
BaseV1Router02	0xE47869580332e48bDBC97eA2D92B5c8dAc50A43D
BaseV1GaugeFactory	0x0eDc4d37F3A8B30065Ceede737C60e315A95f56e
BaseV1BribeFactory	0x538a55F9d2e1D128B378A6Ff822F073cb86111f1
BaseV1BribeV2Factory	0x2527F718D7F7032FF8632a817AD1725919BF6939
BaseV1BribeV2Factory (2.1)	0xA32611B4e41e9fF066aC1A72CD8a7F8aeC1072E9
BaseV1Voter	0xf6339700bb26638923dbDF7527Fe125cEae3AE70
BaseV1Minter	0xc310e3d746DE609a06dB2a51eAAD58Ecd00dc84c

Security

• MythX: voter.sol
• MythX: ve.sol
• MythX: gauges.sol
• MythX: core.sol
• MythX: minter.sol
• PeckShield