Biatec AMM - Milestone 3

Biatec AMM has recevied xGov grant #80 and is in process of creating concentrated liqudity AMM. This proposal requests funds for milestone 3 - Integration to DEX aggregator. Check our progress - dex.biatec.io. We will improve Algorand's DeFi ecosystem and with concentrated liquidity AMM we will give users better swap quotes and liquidity providers better yields in comparision with using traditional AMMs. This grant proposal aims to advance the development and open source implementation of Automated Market Makers (AMMs) with concentrated liquidity. AMMs have emerged as a crucial component of decentralized finance (DeFi), providing efficient and decentralized mechanisms for trading digital assets. However, traditional AMMs suffer from certain limitations, such as inefficient capital utilization and vulnerability to impermanent loss. Concentrated liquidity models address these issues by allowing liquidity providers (LPs) to concentrate their funds within specific price ranges, thereby enhancing capital efficiency and reducing the risk of impermanent loss. This proposal seeks funding to support research, development, and implementation efforts focused on creating open source algorand AMM smart contract. By supporting this grant proposal, you will contribute to the advancement of decentralized finance by addressing the limitations of traditional AMMs and enhancing capital efficiency and risk management through the implementation of concentrated liquidity models. This research and development effort will foster innovation, attract liquidity providers, and improve the overall user experience in the rapidly evolving Algorand DeFi ecosystem.