4 ms·
Best resources to learn about Automated Market Makers?
Hi,
What is the best resource to learn about Automated Market Makers used by the likes of Uniswap.
What comprehensive documents/resources exist of how they work and how to build them.
- mitchellpkt 4y agoThere's a nice overview at [0] "An Analysis of Uniswap markets." Some very interesting larger dynamics are discussed in [1] "When Does The Tail Wag The Dog? Curvature and Market Making." The Uniswap mechanism varies significantly by version number: + For k=x*y mechanism used in Uniswap v2, check out [2] "Improved Price Oracles: Constant Function Market Makers" and/or the [3] the Uniswap V2 whitepaper. + For newer liquidity range mechanism, there is a very nice explanation in [4] the Uniswap v3 core whitepaper. ----- 0. https://cryptoeconomicsystems.pubpub.org/pub/angeris-uniswap-analysis/release/15 https://cryptoeconomicsystems.pubpub.org/pub/angeris-uniswap... 1. https://cryptoeconomicsystems.pubpub.org/pub/angeris-curvature-market-making/release/2 https://cryptoeconomicsystems.pubpub.org/pub/angeris-curvatu... 2. https://dl.acm.org/doi/abs/10.1145/3419614.3423251 https://dl.acm.org/doi/abs/10.1145/3419614.3423251 3. https://uniswap.org/whitepaper.pdf https://uniswap.org/whitepaper.pdf 4. https://uniswap.org/whitepaper-v3.pdf https://uniswap.org/whitepaper-v3.pdf
- tornato7 4y agoThe Uniswap Whitepapers are quite accessible. The best way to get a feel for them is to start LPing, though. Another interesting one to look at is Crocswap.