Automated Market Makers: A Practical Guide to Decentralized Exchanges and Cryptocurrency Trading

Explore Automated Market Makers (AMMs), the underlying protocols used by decentralized exchanges (DEX) to allow users to...
$101.90 AUD
$101.90 AUD
SKU: 9781484286159
Product Type: Books
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Author: Miguel Ottina
Format: Paperback
Language: English
Subtotal: $101.90
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Automated Market Makers: A Practical Guide to Decentralized Exchanges and Cryptocurrency Trading by Ottina, Miguel

Automated Market Makers: A Practical Guide to Decentralized Exchanges and Cryptocurrency Trading

$101.90

Automated Market Makers: A Practical Guide to Decentralized Exchanges and Cryptocurrency Trading

$101.90
Author: Miguel Ottina
Format: Paperback
Language: English
Explore Automated Market Makers (AMMs), the underlying protocols used by decentralized exchanges (DEX) to allow users to perform trades of cryptocurrencies in a decentralized way with no middlemen. This book provides a thorough study and a clear-cut exposition of the principal AMMs (Uniswap v2 and v3, Balancer, and Curve).
You'll receive a detailed description of how these AMMs work, unveiling the mathematics behind them and showing plenty of examples as well as novel proofs for several interesting facts. Each chapter describes an AMM's core idea and derives the mathematical formulas used in the code, giving careful explanations of the logical thinking involved and detailing the steps needed to reach those formulas. All these explanations are complemented with thoughtfully chosen examples which further help to enlighten the readers on how the formulae work. In addition, the relevant parts of the codes of the AMMs are shown after explaining each formula so that the actual implementation of the formulae can be seen.
In a traditional trading market a buy order has to be matched with a sell order to achieve a trade. However, for an AMM, users trade against the protocol itself, a smart contract, or a community pool of funds. In simple terms this is an open source computer program in which mathematical formulas define prices. Automated Market Makers examines this critical point revealing that no banks or intermediaries are necessary, giving crucial financial access to a much larger crowd, regardless of who they are with less barriers to access.

What You'll Learn

  • Understand the principals of decentralized finance (DeFi)
  • Grasp mathematical formulae that underpin decentralized exchanges
  • Work with Solidity programming language
  • Review current industry best practices

Who This Book Is For

  • Those new to Blockchain and Cryptocurrency trading, who want to learn more about AMMs
  • Developers who want to dive deeper into the core features of AMM platforms
  • Investors and venture capitalists who want to know more about new emerging technologies



Author: Miguel Ottina, Peter Johannes Steffensen, Jesper Kristensen
Publisher: Apress
Published: 01/02/2023
Pages: 293
Binding Type: Paperback
Weight: 0.96lbs
Size: 9.21h x 6.14w x 0.65d
ISBN: 9781484286159

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