XYK (Constant Product)

With an XYK curve, the price of an NFT is adjusted every time an item is bought from or sold to the pool, such that the product of two virtual reserves remains constant after every trade. These virtual reserves correspond to the number and value of NFTs the pool will buy or sell.

An additional concentration parameter allows liquidity providers to adjust (i.e. tighten or loosen) XYK curves.

For information on how exactly pricing is calculated for XYK curves, refer to the Pricing page in the technical reference.