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What is an Automated Market Maker?

Category: Coin Trading -> Other

Type: article

https://blog.reef.finance/what-is-an-automated-market-maker/

Article about AMM, programmed algorithm used in DEXs (Decentralized Exchanges) to provide liquidity for exchange of cryptocurrencies in given pairs. "AMMs facilitate a system, where the other users of a digital asset supply liquidity pools with more liquid crypto tokens, whose prices are determined by a constant mathematical formula."