What does AMM mean in the context of cryptocurrency?

3 answers

• Nov 24, 2021 · 3 years ago
  AMM stands for Automated Market Maker. It's a type of decentralized exchange protocol that uses smart contracts to facilitate the trading of cryptocurrencies. AMMs provide liquidity by using algorithms to automatically adjust token prices based on supply and demand. They eliminate the need for traditional order books and rely on pools of tokens to enable trading. Examples of popular AMMs include Uniswap and SushiSwap.
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• Nov 24, 2021 · 3 years ago
  AMM is short for Automated Market Maker. It's basically a fancy term for a type of decentralized exchange that uses algorithms to determine token prices. Instead of relying on order books like traditional exchanges, AMMs use liquidity pools to enable trading. This allows for more efficient and automated trading without the need for intermediaries. AMMs have gained popularity in the world of decentralized finance (DeFi) due to their ability to provide liquidity and enable seamless token swaps.
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• Nov 24, 2021 · 3 years ago
  AMM, which stands for Automated Market Maker, is a key concept in the world of decentralized finance. It refers to a type of protocol that enables the automatic trading of cryptocurrencies without the need for intermediaries. AMMs use algorithms to determine token prices based on supply and demand, and they rely on liquidity pools to facilitate trading. This innovative approach has revolutionized the way people trade cryptocurrencies, making it more accessible and efficient for users around the world. Some popular AMMs include Uniswap, PancakeSwap, and Curve Finance.
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