What is DLMM and how does it compare to CLMM and CPMM?

CPMM (e.g. Uniswap v2): Distributes liquidity across all prices, wasting ~99% of capital in prediction markets. CLMM (e.g. Uniswap v3): Allows LPs to pick specific price ranges but requires constant manual rebalancing. DLMM (Orbit's model): Combines concentrated liquidity with time-aware dynamics. Key advantages: - Ultra-high capital efficiency with bin-based system - Zero-slippage trading within price bins - Automated LP protection via time-decay mechanism - Proactive price discovery through the seeding phase