> For the complete documentation index, see [llms.txt](https://docs.goosefx.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.goosefx.io/goosefx-amm/clmm.md).

# GAMMA v2 - Hybrid CLMM

<figure><img src="/files/z5OATOed5TIEfAWezqEf" alt=""><figcaption></figcaption></figure>

## What’s New in GAMMA v2?

* **Hybrid CLMM Architecture**\
  Automatically switches between CPAMM and CLMM depending on which curve offers better pricing based on oracle and pool price data.
* **Passive Management**\
  LPs don’t need to adjust ranges, positions are auto-rebalanced based on volatility and utilization.
* **Dynamic Fees**\
  Fees scale with volatility and imbalance, maximizing returns during volatile markets.&#x20;

  1. We also add a drift factor, this is an extra fee we can charge if the pool's spot price goes X% distance away from last known oracle price. This prevents stale quotes.&#x20;

  &#x20; 2\.  If the oracle price itself is stale but users wish to swap, we add a very small dynamic fee -   considered a volatility fee.&#x20;
* **Built-in Arb Protection**\
  Our smart-contract protects LPs from most arbitrageurs. We reject any swaps that try to do arb and can cause any potential losses to LPs.&#x20;
* **Idle Capital Optimization (Fusion 2.0)**\
  Out-of-range liquidity is automatically deposited into borrow/lend protocols (e.g. Kamino) to earn yield until reactivation.
* **Revenue Sharing for** [**GOFX Stakers**](/tutorials/how-to-stake-unstake-gofx.md)\
  Earn daily USDC payouts if you stake GOFX through our stake rewards program. This helps offset any IL (impermanent loss) through real yield.&#x20;

### How Does the Hybrid CLMM Work?

1. **Swap Execution**
   * GAMMA compares pool price and oracle price.&#x20;
   * If the oracle offers better price execution, GAMMA concentrates the liquidity via its CLMM.&#x20;
   * Otherwise, it routes through the default CPAMM structure for better depth and price.
2. **Auto-Rebalancing**
   * Pool positions are auto rebalanced through our algorithm.&#x20;
   * Range rebalancing happens automatically based on liquidity distribution, trade volume, and oracle price.
3. **Yield Enhancements**
   * Dynamic fees increase LP earnings in volatile conditions.
   * Arbitrage profits are recycled into the pool.
   * Idle funds are deployed for additional yield (Kamino, Drift, etc.).

### Why It Matters

* **Less price impact** → More swap routes/volume
* **More yield** → From both fees + external yield
* **Less management** → LP once, let GAMMA handle the rest