Asset Issuers

Programable Oracle

Tapio StableSwap AMM eliminates external price feed dependency for new and maturing assets.

Price Stability

Tapio SPA introduces a robust self-pegging mechanism enforced by arbitrageur traders seeking for exchange rate premiums and discounts.

DeFi-as-a-Service

Bootstrap DeFi utility via integrated DEX and lending markets.

Parameters Customization

Drive liquidity growth by actively managing pool parameters and incentive settings.

Traders & Liquidity Providers

Trade Efficiency

Trade correlated assets at the lowest slippage enabled by dynamically managed amplification coefficient.

Diversified Yields

LPs mint Self-Pegging Asset (SPA) by depositing native assets and/or yield bearing assets to earn staking yield, trading fees and protocol rewards.

Effective Collateral

Unlock ultra capital efficiency by borrowing against Tapio SPA, powered by Pike lending markets.

FAQ

What is Tapio and what makes it unique?

Tapio is a capital-efficient DEX for correlated assets. It introduces Self-Pegging Assets (SPA) that maintain stable value while generating yield, powered by a dynamic StableSwap AMM. Tapio removes the need for external oracles, supports instant DeFi utility, and integrates directly with lending platforms.

What are SPA tokens?

SPA tokens are rebasing type tokens minted by depositing correlated assets. They automatically stay pegged to their underlying value, generate returns through trading fees and rewards, and are compatible with other DeFi protocols like lending and collateralization.

How does Tapio maintain stable prices without oracles?

Tapio uses a built-in price mechanism through its StableSwap AMM, which adjusts pricing based on pool balances and internal exchange rates. A dynamic amplification coefficient and buffer system ensure price stability without relying on external oracles.

How does Tapio generate yield for users?

Tapio generates yield through fees collected from minting, swapping, and redeeming in its pools. These fees are automatically distributed to SPA token holders via rebasing and partially allocated to a buffer reserve that helps maintain system stability. Users earn passive returns simply by holding SPA or wSPA (wrapped SPA) tokens.

What is the relationship between Tapio and Pike?

In short, Pike is the engine, and Tapio is one of the first vehicles built on it. Tapio uses Pike’s modular lending infrastructure and acts as a market governor, managing its own assets and adding DEX functionality. This allows users to trade efficiently and utilize liquidity as collateral within Tapio’s custom market on the Pike platform.