What is Kandel and Kandle Yei?

Kandel is an Automated Market Making strategy that uses on-chain order flow to repost offers instantly, without any latency. It could be considered as a market-making bot equivalent that operates solely on the blockchain. It leverages the interaction between buyers and sellers that creates price movement, rather than the price itself.

Within a market and price range you select, Kandel automatically posts Bids and Asks. Its main goal is to buy low and sell high - profits are made through accumulated spread, i.e. the difference between the Bids and Asks that are taken.

Kandle Yei

Kandle Yei is a strategy based on Kandle, but with funds deposited on Yei Finance at any given time, the leading lending protocol on Sei. This allows users to combine trading fees generated on Oxium while also benefiting from Yei Finance’s yield.