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The Bitflow HODLMM: A Concentrated Liquidity Engine for Expanding BTC Capital Markets

5 min readJul 29, 2025
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Introduction

Bitcoin needs better markets and we’re on a mission to build the most widely adopted engine for Bitcoin liquidity. We make it easy for BTC to flow where it’s needed most.

Bitflow has become core infrastructure for Bitcoin DeFi: powering swaps, liquidity, and yield on Stacks, the leading Bitcoin L2. With the upcoming launch of the “HODLMM”, we’re elevating Bitcoin DeFi with a new engine built to expand BTC capital markets, enable zero slippage trades, and unlock higher yields with precise orderbook style AMM tools.

TL;DR

Bitflow is launching the “HODLMM” — the best concentrated liquidity infrastructure for Bitcoin DeFi.

The problem: Legacy AMMs spread your liquidity across all prices. Most of it sits unused by traders, and thus unproductive for liquidity providers.

The solution: HODLMM lets you concentrate liquidity where more trades are happening like an orderbook.

The result: Higher yields with less capital deployed.

What Is HODLMM?

HODLMM = High-throughput, Orderbook-style, Decentralized Liquidity Market Maker

It’s a concentrated liquidity engine with institutional-grade orderbook precision, designed for assets you want to HODL. You can focus your capital in specific price ranges instead of spreading it everywhere.

What does this mean?

For Traders

  • Zero Slippage: Slippage-free swaps inside active price bins.
  • Deep Liquidity: High utilization of capital means tighter spreads.
  • Aggregator Friendly: Smart routing finds optimal bins across pool types.

For Liquidity Providers

  • High Capital Efficiency: Earn more fees per $ of liquidity provided.
  • Custom Strategies: Deploy liquidity based on volatility profile, trend predictions, or custom fee logic.
  • Keeper Automation: Bitflow repositions LP ranges when prices move, making it easier to manage positions.

More Control = More Yield

Bitflow’s HODLMM is an orderbook-style AMM, a concentrated liquidity engine designed for assets you want to HODL in the expanding Bitcoin capital markets.

It enables liquidity providers (LPs) to allocate capital within defined price bins, delivering zero-slippage trading, dynamic fees, and Bitflow Keeper automation, delivering more YIELD, and more CONTROL over your assets.

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Shape Your YIELD Strategy with Bitflow

LPs can choose pre-built strategy shapes (e.g., spot, curve, bid-ask) or custom bin layouts. Bitflow enhances this model with automation, yield strategies, and Bitcoin pairs. This new AMM technology is powering the top-performing DEX’s on Solana, Uniswap, and Base, and now we are bringing it to the Bitcoin ecosystem.

The Problem Is Simple

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Regular AMMs: Like watering an entire football field to grow only a few flowers.

This inefficiency exists because traditional AMMs spread liquidity across ALL possible prices — from $0 to infinity. Most of that range never sees a single trade.

HODLMM Fixes This

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HODLMM: Like using a precision irrigation system that only waters the flowerbeds where you know growth is happening.

Instead of spreading liquidity everywhere, HODLMM solves this by concentrating liquidity where trades actually happen.

The result: More yield with less capital, and less slippage around the market price.

How It Works

1. Choose Your Strategy: Pick Spot, Curve, or Bid Ask based on your goals and risk tolerance.

2. Set Your Range: Define where you think Bitcoin will trade. Your liquidity gets concentrated there.

3. Earn Higher Yields: When trades happen in your range, you earn fees with maximum capital efficiency.

4. Automation Handles the Rest: Bitflow Keepers automatically rebalance, harvest fees, and optimize your position 24/7. Learn more about Bitflow Keepers →

Shape Your Strategy

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Shape your strategy. Stack more BTC 🟧

Forget complex mathematics. Just pick your approach:

🟦 SPOT Strategy

  • Range: Flat distribution, wide spread around current price
  • Best for: Steady earners seeking low-maintenance yields
  • Risk: Lower, built-in diversification

🟨 CURVE Strategy

  • Range: Bell-shaped, concentrated around current market price
  • Best for: Active LPs who monitor markets regularly for higher yield potential
  • Risk: Medium, higher efficiency when price stays in range

🟪 BID-ASK Strategy

  • Range: V-shaped, liquidity at far ends of price range to capture swings
  • Best for: Professional LPs and institutions chasing higher yields
  • Risk: Higher, requires active management

The HODLMM — Unfair Advantages

Concentrated liquidity is revolutionizing DeFi across multiple chains, and now we’re bringing it to Bitcoin. Bitflow’s HODLMM combines the best of both worlds: capital efficiency of concentrated liquidity with the precision of order books.

“Market makers are the arteries of global liquidity, and the legacy infrastructure they depend on needs a transplant. By enabling orderbook style Bitcoin markets, we unlock a new path forward in the transition from fiat to BTC.

The HODLMM makes it easy for people to visualize precise liquidity provision in shapes no matter how the pool is denominated, while our API makes it easy for machines to leverage the numbers.

The future of finance is orange, and hungry for yield. In 10 years when we look around, the Bitcoin markets we’ve created together will be massive.”

— Dylan Floyd, Co-Founder of Bitflow Finance

Key Features:

  • Discrete Price Bins with zero slippage inside active ranges
  • Higher Capital Efficiency: LPs earn more per dollar deployed.
  • Shape your Strategy with Custom Liquidity Shapes (pick your Target APY)
  • Bitflow Keepers enables automation such as rebalancing strategies
  • Strategy Vaults & Auto Modes for set-and-forget participation
  • Dynamic Fee Logic to reward LPs during volatility

The Hard Part

The challenge: Actively managing orderbook-style positions is tough (unless you are a machine).

The solution: Bitflow Keepers — the smart wallet automation layer that handles the complexity of managing your positions.

The Automation Layer: Bitflow Keepers

  • Position rebalancing when prices move out of range
  • Fee harvesting and automatic compounding
  • Strategy optimization based on market conditions
  • Range adjustments to maintain active earning status

Shape your strategy. Stack more BTC 🟧

HODLMM is the missing liquidity engine for expanding Bitcoin markets.

The design combines the capital efficiency of concentrated liquidity with the precision of order-book-style execution — built for performance and accessibility, delivering high-yield opportunities with an automated user experience for every type of user.

🚀 HODLMM launch date will be announced when the audits are complete. Follow us for the latest updates and Join our community for early access opportunities

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Bitflow Finance
Bitflow Finance

Written by Bitflow Finance

A decentralized stable swap protocol that generates rewards for liquidity providers & native Bitcoin holders

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