> For the complete documentation index, see [llms.txt](https://rays-organization-7.gitbook.io/blackhole-lab/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://rays-organization-7.gitbook.io/blackhole-lab/blackhole-unlocking-liquidity-through-a-permissionless-approach-to-defi.md).

# Blackhole: Unlocking Liquidity through a Permissionless Approach to DeFi

To-date, it's clear that DeFi is one of the best product market fit for the crypto community, accounting for >80% of all transaction volume. However, within the DeFi ecosystem (amid the different L1/L2/L3 blockchains and categories of protocols), liquidity is still quite fragmented and limited at times.

Blackhole plans to solve the DeFi liquidity fragmentation problem by providing some of the most popular DeFi products: Spot, Perp, Option, stablecoin.

Unlike existing solutions, Blackhole's unique architecture enables user to share liquidity across ALL the DeFi products thus solving the liquidity fragmentation problem.

## Foundational Liquidity Infrastructure AMM (FLIAMM): Concentrated Liquidity AMM Derivatives Platform

Blackhole will be built completely based on the **Concentrated AMM Model** as its foundational liquidity infrastructure.