Invariant

Invariant is a decentralized exchange launched in 2021 by Wojciech Cichocki that uses a concentrated liquidity model.

Unlike traditional AMMs, it lets liquidity providers specify a price range for their funds, enabling more efficient capital allocation and deeper liquidity for traders.

The platform is permissionless, so anyone can create pools and add support for new tokens, making it well suited for projects launching tokens.

Currently on Solana, it plans to expand to Aleph Zero and Casper Network.