Dynamic Market Making v2
KyberSwap Elastic's key contributions towards the AMM space are its aggregation of different amplified liquidity (DMM) positions into a single pool as well as the introduction of a reinvestment curve which auto-compounds previously idle concentrated liquidity fees.
Collectively, these concepts forms the Dynamic Automated Market Making v2 (DMMv2) protocol invented by the KyberSwap research team. You can refer to the Dynamic Market Making v2 whitepaper for an overview of the protocol or the DMMv2 Technical Documentation for an even deeper dive.
The following sections outline these concepts at a high level: