Rivera Money

Rivera Money

Rivera Money is a permissionless liquidity management protocol that transforms concentrated positions into DeFi-composable yield tokens. Yield tokens are minted by Rivera ALM Vault which ensures users’ assets are concentrated in the ‘active’ range and generates optimal yield.

Uniswap V3 introduced concentrated liquidity and came with many improvements over its predecessor. It offers high capital efficiency for market-makers and reduces price impact for traders. However, it has one big flaw that it is not very composable. On Uniswap V3, each position is represented by the NFTs rather than the fungible tokens widely used in the DeFi ecosystem. This not only makes Uniswap V3 positions cumbersome to manage but also harms their adoption in DeFi.

Rivera is changing that with its unique approach to active liquidity management. Rivera’s ERC-4626 Vaults standardize liquidity ranges and wrap concentrated positions in the form of ERC-20-based yield tokens. Because these tokens are fungible “out of the box”, developing different strategies, dApps, and protocols on them becomes easier.

With the latest development of Uniswap V4, Algebra V2, Balancer V2, and more, it is clear that concentrated liquidity is here to stay. The innovations by leading protocols combined with Rivera’s newfound composability open up a world of opportunities that can be built on concentrated liquidity. This will empower more applications for DeFi and higher liquidity for the concentrated DEXsDEXs

Active Liquidity Manager

Concentrated liquidity positions require constant attention from depositors. If they want to keep earning fees and avoid their LP becoming ‘inactive’, they have to adjust constantly (i.e. rebalance) price ranges. This is especially true for those who choose to provide liquidity in tight or exotic ranges to capture maximum fees.

Even after that, deploying liquidity on CLMMs is hard. To do it effectively, users must consider multiple factors, such as the current price and expected volatility of both assets in a pair. In some cases, liquidity provision might seem like it is a full-time job with good knowledge of mathematics and finance. Research shows that many liquidity providers on Uniswap V3 lose money due to Impermanent Loss even when accounting for fees.

Rivera is making CLMM market-making accessible for everyone, degens and institutions alike. Rivera ALM provides risk-managed vaults for investors to explore and deploy capital as per their appropriate risk appetite. Our built-in algorithmic modules supercharge LP strategies with active liquidity management and auto-compounding rewards. This gives a boost to the generated yield and enables a fully passive LPing experience for the investors.

Range Rebalancer

We have developed an algorithmic LP manager for CLMMs. This DeFi primitive helps users efficiently manage their positions and optimize their capital deployment. We allow users to configure their price range or set automation to maintain a specified lower and upper limit bound of the current price.

Algorithmic harvester

In contrast to LPs of CPMM, LPs of CLMM are responsible for manually harvesting their fee earnings from the LP position. Furthermore, any protocol rewards also require manual harvesting by the users. Harvesting too early can erode users' earnings due to gas fees involved with the compounding transactions; while leaving the rewards unharvested for long periods will lead to poor capital efficiency.

We have built a DeFi primitive for harvesting earnings algorithmically. It enables users to execute reward compounding at the optimal point and maximize the strategy’s efficiency. The algorithm takes in strategy & network parameters to figure out the best time to signal transactions. The automation running on Gelato Network triggers the auto-compounding function that performs the necessary set of actions to deploy the rewards back into the strategy.

Concentrated DEXs DEXs can use the Rivera protocol to easily deploy their composable ALM vaults. Rivera also offers native integration with DEXs which allows them to add market-making vaults directly in their UI, enabling seamless access for the liquidity providers.

Rivera ALM vaults play a crucial role in the capital efficiency of the concentrated DEX ecosystem. The vaults ensure that the liquidity available on the pool is effectively concentrated in the “price-action” zone as the asset price shifts. This allows DEXs to create deep liquidity for their users and minimize trade impact.

Rivera ALM vault is also the first of its kind enabling composability for concentrated LP positions. ERC-20 yield tokens provided as “proof of investment” can be widely used in the DeFi ecosystem. This allows new opportunities for concentrated DEXs to grow their liquidity and enable structured offerings.

Introduction

Rivera guarantees its long-term sustainability with veTokenomics and encourages community governance through its native token $RIV. Users can lock $RIV to receive $veRIV and voting rights, getting a direct say in the protocol's future and a share of the protocol revenue.

Tokenomics

Total supply = 100M.

More details regarding tokenomics will be released soon.

Rivera Documentation

Build Products

Rivera Studio allows everyone to innovate structured products on Uni v3. Users can build risk-personalized strategies with their choice of assets, LP pools & derivative techniques. Users can enable permissioned offerings that allow access to whitelisted investors only or permissionless products enabling strategy access for everyone.

We are facilitating a series of strategy templates that will allow users to easily harness Rivera technology. Users can customize strategy templates to build their unique products.

Builders on Rivera Studio (aka Strategy Managers) can charge fees to their clients. The fees will automatically be deposited into strategy builders' linked wallet.

Going forward, users will be able to simulate strategies using historical data or run paper trades to test & optimize them. We will also enable a flow builder that will allow high flexibility to configure structured products in a Lego-like environment.

Manage Products The Studio dashboard allows users to manage their products. Following are some of the functionalities that are made available to the users:

1.Strategy management for v3 range, asset pricing, rebalancing, leverage, etc.

2.User access management for permissioned vaults.

3.Fee management.

4.Vault admin management like upgrade strategy, pause vault, etc.