Using Automated Market Makers (AMMs) in Crypto Trading
Susant Kumar2024-11-04T20:22:18+05:30Cryptocurrency trading has experienced tremendous growth in recent years, with the emergence of decentralized finance (DeFi) platforms revolutionizing the way financial transactions are conducted. One of the key innovations that has gained popularity in the DeFi space is Automated Market Makers (AMMs), which provide a decentralized and automated way to facilitate trading of digital assets. AMMs are smart contracts that algorithmically determine asset prices based on the supply and demand within a liquidity pool. These pools are created by users who deposit their assets into the pool in exchange for liquidity tokens, which represent their share of the pool. When a [...]