Orbital
Depeg, per token
at the peg
at the peg
at the peg
0200 bp Equal depegs cancel out: only relative prices move the pool.
Drag to turn. Ticks spaced on the log of the depeg: not to scale.
Prices
Token A
1.0000
Token B
1.0000
Token C
1.0000
Five LPs, illustrative
0.9999
interior
0.9997
interior
0.999
interior
0.997
interior
0.99
interior
Liquidity still trading
100%

Orbital is a concentrated-liquidity AMM for pools of stablecoins, after the design Paradigm published in 2025.

Each LP picks how far a depeg may go. Drag the depegs: their ticks step aside one by one, and the healthy coins stay in the pool.

[A] Open the app →[1] How it works →

Research

How Orbital worksSpheres, ticks and the life of a swap, in pictures.12 min The mathWhy the paper's path breaks in integers, and what we proved instead.20 min Against the paperOne correction, the parts the paper leaves open, four questions.8 min

Data

BenchmarksAgainst Uniswap V3, V4 and Curve, with the same capital.charts StatsVolume, TVL and every swap of the live pool.live

App

SwapAny pair of the pool, exact in or exact out.[S] PoolReserves, prices and the next boundary.[P] LiquidityPick a boundary, deposit three coins at once.[L]