Orbit Finance DLMM
Orbit Finance is a DEX on Solana where you choose exactly where your capital goes. You pick a price range, deposit liquidity, and earn fees from every swap that passes through.
Why it pays more
Traditional AMMs spread your money across every possible price. Most of it just sits there doing nothing. On Orbit Finance, you concentrate it where trades actually happen.
Same $100 deployed. In practice, concentrated LPs earn 10-100x more fees per dollar than a traditional AMM position on the same pair.
How it works
Price is split into bins. Think of them as price buckets. Each one covers a small range, and you pick which bins to fill.
- Bins below the current price hold USDC (waiting for buyers)
- Bins above the current price hold CIPHER (waiting for sellers)
- The active bin is where the current price sits, and where fees are earned
When someone swaps, the trade moves through your bins. You collect fees on every token that passes through your range.
Choosing a strategy
When you deposit, you pick how your liquidity spreads across bins:
Concentrated
Most of your capital near the current price. Highest fee capture, but goes out of range faster if price moves.
Learn moreUniform
Even spread across all bins. Simple and predictable. Lower fees per dollar but stays in range longer.
Learn moreSkew Bid
Heavier on the buy side. Good if you're bullish and want to accumulate tokens on dips while earning fees.
Learn moreSkew Ask
Heavier on the sell side. Good for gradually selling into strength while still earning.
Learn moreNot sure which to pick? Start with concentrated around the current price. You can always rebalance later.
The fee flywheel
Every swap generates fees. Those fees split between:
- You (the LP), proportional to your share of the active bin
- The protocol, which flows to $CIPHER stakers and NFT holders
More pools means more trading volume, which means more fees for everyone in the ecosystem.
Want fees without managing LP positions?
Stake $CIPHER and earn a cut of all protocol fees across every pool. Paid weekly in USDC.
Learn about staking →