A Dynamic Liquidity Market Maker (DLMM) gives liquidity providers access to dynamic fees and precise liquidity concentration all in real-time. Liquidity of an asset pair is organized into discrete price bins. Reserves deposited in a liquidity bin are made available for exchange at the price defined for that particular bin. Swaps that happen within the price bin itself would not suffer from slippage. The market for the asset pair is established by aggregating all the discrete liquidity bins.
