Amazon BestsellerApress Publishing · 2023
Automated Market Makers
A Practical Guide to Decentralized Exchanges and Cryptocurrency Trading
by Miguel Ottina · Peter Johannes Steffensen · Jesper Kristensen
Learn from first principles what DEXs and AMMs are and how they operate.
Instant download · Watermarked to your email · Yours forever
Look inside
A preview of what's between the covers.
6 pages
About the book
Dive into the revolutionary world of Automated Market Makers — the critical technology that empowers decentralized exchanges to facilitate peer-to-peer trading without intermediaries. This comprehensive guide illuminates the inner workings of leading AMMs such as Uniswap v2 and v3, Balancer, and Curve.
You'll be taken on an enlightening journey, starting with basic concepts and gradually moving toward more complex mechanisms. The book unearths the mathematics that serves as the foundation of these AMMs, with numerous practical examples and groundbreaking proofs to highlight intriguing aspects.
Every chapter spotlights an AMM's unique selling point, meticulously deriving the mathematical equations reflected in the coding structure. The thought process behind each formula is carefully dissected, making complex principles easier to understand. Each theoretical explanation is supplemented with thoughtfully curated examples and actual code snippets, so you can witness firsthand how these principles translate into working implementations.
What you'll learn
- Fundamentals of Decentralized Finance (DeFi)
- Mathematical principles driving decentralized exchanges
- Solidity programming language essentials
- Current industry best practices
Who this book is for
- Cryptocurrency enthusiasts eager to explore the intricacies of AMMs
- Developers seeking to unravel the core features of AMM platforms
- Investors and venture capitalists interested in emerging technologies
What readers say
Five-star reviews from people who actually read it.
A go-to resource for AMMs
“I eagerly awaited the release of this book and was not disappointed. It is an excellent resource that provides a comprehensive overview of automated market makers, both from a mathematical and practical standpoint. The book includes a wealth of examples to illustrate the concepts discussed, making it an invaluable resource for anyone interested in this topic.”
Trustworthy authors
“Fantastic book! The authors did an incredible job providing a thorough exploration of various AMM concepts, covering everything from Constant Function Market Makers like Uniswap v2, Balancer, and Curve, to the more complex concentrated liquidity AMM, Uniswap v3. The authors have great backgrounds in math and DeFi — very reputable sources to write on this topic.”
Mathematical rigor meets easy-to-follow examples
“The book starts from the basics of Automated Market Makers, and covers content all the way up to Uniswap V3 — easily one of the more complicated types of AMMs in the web3 space. It discusses the theoretical foundations on a very reader-friendly manner. As someone who appreciates mathematical rigor and clear, easy-to-follow examples, I highly recommend this book.”
Also available
Perpetual Options with Uniswap V3
An essential guide to understanding and leveraging perpetual options in the rapidly evolving DeFi landscape.