Getting Started
What is Topaz?
Topaz is a ve(3,3) automated market maker on BNB Chain. It pairs the v2-style stable / volatile pool math from Solidly with Slipstream-style concentrated liquidity, and wraps both in a vote-escrow governance system that aligns LPs, voters, and protocols around a single incentive flywheel.
The problem ve(3,3) solves
Most AMMs spray emissions blindly at liquidity providers, creating mercenary capital that chases yesterday's yield and leaves the moment incentives stop. Protocols spend millions on liquidity that evaporates and end up paying more for less real depth over time.
ve(3,3) flips that. Instead of the protocol picking where emissions flow, ve(3,3) hands the decision to token holders who have locked their tokens. Locked holders direct emissions via gauge voting, projects bid for those votes with on-chain incentives, and the market discovers a fair price for liquidity epoch by epoch.
The participants
- ✓Traders swap through Topaz pools and pay swap fees. Fees flow to voters of the pool they used. Swaps & Routing
- ✓Liquidity providers deposit into v2 stable, v2 volatile, or Slipstream concentrated pools. LPs earn TOPAZ emissions when they stake in gauges, or keep swap fees when they don't (Slipstream only). Providing Liquidity
- ✓veTOPAZ holders lock TOPAZ to vote on which pools get emissions and to claim fees + bribes from those pools. veTOPAZ Locks
- ✓Protocols post incentives on gauges they want emissions to flow to, competing for voter attention. Incentives (Bribes)
The flywheel
Vote
veTOPAZ holders direct emissions to gauges they choose and earn 100% of the trading fees + bribes generated by those pools.
Bid
Protocols post incentives on gauges they want emissions on, competing for voter attention via the on-chain bribe market.
Provide
Liquidity providers stake LP tokens or Slipstream position NFTs in gauges to earn TOPAZ emissions allocated by voters.
Commit
Participants lock TOPAZ for veTOPAZ — longer locks earn more voting power and a larger share of fees + bribes.
Grow
Better liquidity → better execution → more volume → larger fees for voters → more incentive for everyone to keep locking.
What sets Topaz apart
- ✓Two pool engines, one protocol. v2-style stable and volatile pools alongside Slipstream concentrated liquidity, all governed by the same gauge / vote system. LPs choose the right tool per pair.
- ✓Dynamic, per-pool fees. Slipstream pools can opt into volatility-based dynamic fees that scale with TWAP divergence — compensating LPs for IL risk during turbulent markets without overcharging in calm ones.
- ✓Unstaked-fee surcharge. Unstaked Slipstream positions pay a small extra fee that flows to staked LPs — pushing capital toward gauges (which are vote-weighted, hence efficient).
- ✓100% fees to voters. No protocol skim. The full swap fee on every pool flows to veTOPAZ voters via the per-gauge FeesVotingReward contract.
- ✓BNB Chain native. Low gas, sub-second blocks (~0.45s after the Fermi upgrade), deep stablecoin liquidity, and a mature wallet ecosystem.
The lineage
Topaz is built on battle-tested DeFi primitives:
- ✓ve(3,3) governance lineage: Curve → Solidly → Velodrome → Aerodrome → Topaz.
- ✓Concentrated liquidity: Uniswap V3 → Aerodrome Slipstream → Topaz Slipstream.
- ✓Stable pool math (x³y + y³x ≥ k): Solidly → adapted in Velodrome / Aerodrome → Topaz.
- ✓OpenZeppelin Governor for ProtocolGovernor and EpochGovernor.
Each predecessor caught issues and ironed out edge cases; Topaz inherits those fixes and adds dynamic fees, mixed routing, and BNB Chain-specific tuning. The code was independently reviewed by Shieldify Security ahead of mainnet — see Security & Audits for the report.
Continue reading
Quick Start →
Swap, LP, lock, vote — the five-minute walkthrough.
TOPAZ & Emissions →
Token allocation, the three-phase emission curve, and rebases.
Gauge Voting →
Direct emissions, capture fees and incentives, every epoch.
Concentrated Liquidity →
Topaz's Slipstream engine, tick spacings, and range strategy.