000			a
999			_c33614 _d33614
008			250225b xxu||||| |||| 00| 0 eng d
020			_a9781484293973
082			_a332.4 _bOTT
100			_aOttina, Miguel
245			_aAutomated market makers : a practical guide to decentralized exchanges and cryptocurrency trading
260			_bApress, _c2023 _aNew York :
300			_axi, 293 p. ; _bill., _c24 cm
365			_b899.00 _c₹ _d01
504			_aIncludes bibliographical references and index.
520			_aExplore 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.
650			_aBlockchains
650			_aCryptocurrencies
650			_aFinance Data processing
650			_aAutomated market maker
650			_aDecentralized exchange
650			_aCryptocurrency trading
650			_aLiquidity pool
650			_aSmart contracts
650			_aEthereum
650			_aOpen Source
650			_aUniswap
650			_aBalancer Finance
700			_aSteffensen, Peter Johannes
700			_aKristensen, Jesper
942			_2ddc _cBK