Overview

Smilee protocol is based on four majors components:

1. #decentralized-volatility-products-dvps: Mint Impermanent Gain and in the future other products.
2. #earn-vaults: Provide the liquidity needed to mint & trade DVPs.
3. Liquidity-to-Volatility Engine: Connects the Earn Vaults with DVPs—converting the former liquidity into Impermanent Gain.

4. Synthetic AMM: Enables buying & selling of DVPs.