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Automated Market Makers

Automated Market Makers

This book will teach you everything you need to know about Decentralized Exchanges (DEXs), a key component of Decentralized Finance (DeFi). Specifically, it focuses on the groundbreaking concept of Automated Market Makers (AMMs), starting from the basics.

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With this book, you get:

  • In-Depth Knowledge: This comprehensive guide provides an all-encompassing and detailed look into the realm of Automated Market Makers (AMMs), a pivotal technology within the decentralized finance space. If you're keen on understanding how leading AMMs operate, from the basic principles to the complex mathematics that drive their function, this book is the perfect resource.

  • Practical Learning: It goes beyond theoretical knowledge by incorporating real-world examples and code snippets. These hands-on learning elements can help readers understand the practical implementation of AMMs, a critical aspect for developers and investors looking to operate effectively within this space.

  • Accessible to All: Whether you're a newcomer to the field of cryptocurrency trading or a seasoned investor, this book breaks down complex concepts into digestible information, making the seemingly daunting world of decentralized finance accessible to everyone. Moreover, it could serve as a valuable tool for developers interested in the core features of AMM platforms and the Solidity programming language.

 

For the first time:

Learn from first principles what DEXs and AMMs are and how they operate!

Dive into the revolutionary world of Automated Market Makers (AMMs) - the critical technology that empowers decentralized finance (DEX) to facilitate the peer-to-peer trading of cryptocurrencies without intermediaries. This comprehensive guide illuminates the inner workings of leading AMMs such as Uniswap v2 and v3, Balancer, and Curve.

You will be taken on an enlightening journey, starting with the basic concepts, gradually moving towards 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, designed to reinforce your understanding of how these mathematical formulas function.

Get an up-close look at actual code snippets following each formula explanation. This way, you can witness firsthand how these principles translate into working codes. In conventional trading markets, buy and sell orders are matched to execute a trade. In stark contrast, AMM users trade against the protocol itself—either a smart contract or a communal fund pool. This is an open-source program where the prices are defined by mathematical formulas—a novel concept dissected in this book.

'Automated Market Makers' underscores that intermediaries aren't necessary, thereby democratizing financial access. Financial institutions will benefit by adopting this new technology which will undoubtedly be the future of finance. It opens doors to a wider audience by eliminating traditional barriers to entry.

Key Learning Points:

  • Fundamentals of Decentralized Finance (DeFi)
  • Mathematical principles driving decentralized exchanges
  • Solidity programming language essentials
  • Current industry best practices

Who This Book Benefits:

  • 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"