QIC-AMM (Quoted Index Price & Automated Market Maker) is an automated market-making protocol based on index prices.
The QIC-AMM protocol allows traders to fill long or short orders with AMM (Automated Market Maker) at the index price - the weighted average price of major centralized exchanges. There is no slippage, and liquidity providers suffer no impermanent loss adding or removing liquidity from the pool.
The index price is the weighted average price of major centralized exchanges like Coinbase, Binance, Kraken, Bitstamp, Huobi, OKX, etc.
If the price on one exchange differs significantly from others, it will not be used to calculate the index price.