# Overview

Welcome to the Addax documentation hub.

Addax is the first CLMM-based decentralized exchange on LitVM, enabling users to trade assets seamlessly and provide liquidity within custom price ranges.

Unlike traditional AMMs, Addax leverages Concentrated Liquidity (V3 model) to improve capital efficiency and deliver better trading experiences.

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V2 AMM vs V3 CLMM

Feature| V2 AMM| V3 CLMM (Addax) Liquidity| Spread across all prices| Focused in custom ranges Capital Efficiency| Low| High Slippage| Higher| Lower (within range) Strategy| Passive| Active Fee Potential| Moderate| Higher (if well-positioned)

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Why V3 (CLMM) is Better

* More efficient use of capital — liquidity is deployed where it matters most
* Better pricing for traders — reduced slippage within active ranges
* Higher earning potential for LPs — concentrated liquidity generates more fees
* Custom strategies — users can optimize based on market expectations

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Addax brings a more advanced and efficient liquidity model to LitVM, giving both traders and liquidity providers greater control and improved performance.

## What you'll find

* `Addax 101` - Product overview, pools, swaps, and route selection.
* `Protocol` - Core contracts, ARIS intents, limit orders, DCA, and fee model.
* `Liquidity` - LP fundamentals, NFT positions, and range strategy.

## Quick links

* [Addax 101](https://docs.addax.finance/addax-101)
* [Protocol](https://docs.addax.finance/protocol)
* [Liquidity](https://docs.addax.finance/liquidity)


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