BreakwaterLaunch app

Put liquidity
to work.
Set its limits.

A treasury-owned position that earns trading fees while healthy and changes its permitted trades under stress.

Launch app Explore positions

Sepolia prototype · No-value test tokens

Asset inHealthy · two-way tradingReserve inIllustrative permissions

One position.
Your conditions.

Illustrative policy condition

Permitted does not mean guaranteed. Exits need accepted observations, backing and a willing buyer.

Let both sides trade.

Illustration only · no live price data

When accepted asset and reserve observations meet your policy, the position permits two-way trading and retains your configured fee on each healthy fill.

Treasury buys bUSDPermitted
Treasury sells bUSDPermitted

Your tokens.
Your trading rules.

Tokens stay in your wallet. Aqua tracks the position’s allocation; SwapVM enforces its trading policy when a swap executes.

Create your position
  1. 1

    Choose your allocation.

    Set the amount of each sample token, healthy fee, stress trigger and exit discount. You can rehearse the policy against historical checkpoints before creating.

  2. 2

    Approve. Then activate.

    Review each wallet request. Approvals and Aqua activation are separate steps; an allocation is not a deposit or reserved liquidity.

  3. 3

    See what actually changed.

    Track settled fees, remaining inventory and exit proceeds. Cancel the allocation when you choose. Changing its policy requires a new position.

Put your conditions
into practice.

Launch app

Try the complete lifecycle on Sepolia.
No-value tokens. Sepolia ETH required for gas.