In 2017, Constant Product Automated Market Makers (CPAMMs) were a groundbreaking solution in decentralized finance (DeFi), making onchain…

TL;DR AMMs can use MEV auctions to tax arbitrageurs and collect fees to mitigate MEV and LVR. We explore how cutting-edge solutions like Unichain, Semantic Layer, and Arrakis are using similar mechanisms to prevent LVR today.

This paper introduces distribution markets, a new kind of prediction market for events whose outcomes aren't just "yes" or "no" but could be any number.

Instead of betting on a particular outcome or range, traders can express how likely they think each different…

How Chainflip is bringing BTC liquidity on-chain

Demystifying Arbitrageurs’ profits, LVR, and sandwich attacks: batch trading as an AMM design response

Paradigm is a research-driven crypto investment firm that funds companies and protocols from their earliest stages.

Explore the DeFi AMM ecosystem today: Discover how top Automated Market Makers work, their unique models, benefits, and challenges in decentralized trading.

Decentralized Exchanges (DEXs) are pivotal applications in the Decentralized Finance (DeFi) landscape, aiming to facilitate trustless cryptocurrency trading by relying on smart contracts and...

An automated market maker for fixed and variable yield with on-demand terms. - delvtech/hyperdrive

Invariant testing in smart contracts is about repeatedly trying out different combinations of actions to make sure the contract always follows its core rules, even in unusual or unexpected situations.

In our previous article in this series, we discussed various metrics that LPs can employ to estimate the profitability of providing liquidity to AMM pools. This enables them to fine-tune their LPing strategies for a better net return in their portfolios.…

In DeFi, new innovations are forced to arise in order to operate within the constrained environment of on-chain block space. One of the most notable advancements has been the emergence and progress of Automated Market Makers (AMMs), which have transformed…

如何从零设计一个DEX

And possibly get an airdrop 👀

This piece introduces bonding curves as the core mechanism of Automated Market Makers, and explains the basics of Primary and Secondary AMMs and the differences between them.

Learn about dAMMs, their impact on liquidity across blockchain layers, and how they enhance DeFi scalability and capital efficiency.

This post is meant to provide an overview of the Automated Market Maker (AMM) space. First by reviewing some of the history and various designs. Following will be a walkthrough of using AMM pricing functions for other applications than spot trading leading…