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010   $a9781484286159
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101 0 $aeng
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181   $ctxt$2rdacontent
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200 10$aAutomated Market Makers $eA Practical Guide to Decentralized Exchanges and Cryptocurrency Trading  /$fby Miguel Ottina, Peter Johannes Steffensen, Jesper Kristensen
205   $a1st edition 2023
210  1$aBerkeley, CA :$cApress :$cImprint: Apress,$d2023.
215   $a1 online resource (301 pages)
300   $aIncludes index.
311 08$aPrint version: Ottina, Miguel Automated Market Makers Berkeley, CA : Apress L. P.,c2023 9781484286159 
327   $a1. Introduction to AMMs -- 2. Uniswap v2 -- 3. Balancer -- 4. Curve Finance -- 5. Uniswap v3. .
330   $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. You will: Understand the principals of decentralized finance (DeFi) Grasp mathematical formulae that underpin decentralized exchanges Work with Solidity programming language Review current industry best practices .
606   $aElectronic trading of securities
606   $aCryptocurrencies
606   $aFinance$xData processing
606   $aBlockchains (Databases)
615  0$aElectronic trading of securities.
615  0$aCryptocurrencies.
615  0$aFinance$xData processing.
615  0$aBlockchains (Databases)
676   $a296
700   $aOttina$b Miguel$01274709
702   $aSteffensen$b Peter Johannes
702   $aKristensen$b Jesper
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910639886703321
996   $aAutomated Market Makers$93003417
997   $aUNINA