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Difference between revisions of "AMM"
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== History == | == History == | ||
[[Vitalik Buterin]], the founder of [[Ethereum]], first conceptualized AMMs in a blog post on June 22nd, 2017.<ref>https://vitalik.ca/general/2017/06/22/marketmakers.html</ref> The first ever AMM deployed 1 year later, which was [[Uniswap]]. Since this breakthrough, the decentralized exchange model has been replicated numerous times on nearly every single blockchain. Vitalik's iteration of the famous x*y=k | [[Vitalik Buterin]], the founder of [[Ethereum]], first conceptualized AMMs in a blog post on June 22nd, 2017.<ref>https://vitalik.ca/general/2017/06/22/marketmakers.html</ref> The first ever AMM deployed 1 year later, which was [[Uniswap]]. Since this breakthrough, the decentralized exchange model has been replicated numerous times on nearly every single blockchain. Vitalik's iteration of the famous x*y=k can be expanded to:<blockquote>tokenA_balance(p) * tokenB_balance(p) = k</blockquote> | ||
== Overview == | == Overview == | ||