Automated Market Makers: A Practical Guide to Decentralized Exchanges and Cryptocurrency Trading

Book overview Description Editorial Reviews Explore Automated Market Makers (AMMs), the underlying protocols used by decentralized exchanges (DEX) to allow users to perform trades of cryptocurrencies in a decentralized way with no middlemen.

This book provides a thorough study and a clear- cut exposition of the principal AMMs (Uniswap v2 and v3, Balancer, and Curve).You'll receive a detailed description of how these AMMs work, unveiling the mathematics behind them and showing plenty of examples as well as novel proofs for several interesting facts.

Each chapter describes an AMM's core idea and derives the mathematical formulas used in the code, giving careful explanations of the logical thinking involved and detailing the steps needed to reach those formulas.