Episode 87 - An episodic rambling session on automated market makers

<p>Good morning! This after my usual introductory ramblings, I go on to ramble about Automated Market Makers (AMM's). I explain what they are and compare them to order books. I also talk about liquidity pools (LPs) and impermanent loss some. I talk about Uniswap and Clipper Exchange.</p> <p>Sources:</p> <p><a href='https://twitter.com/elonmusk/status/1495901654872383499'>https://twitter.com/elonmusk/status/1495901654872383499 </a></p> <p><a href='https://clipper.exchange/'>https://clipper.exchange/ </a></p> <p><a href='https://docs.clipper.exchange/how-clipper-works'>https://docs.clipper.exchange/how-clipper-works </a></p> <p><a href='https://www.shipyardsoftware.org/journal'>https://www.shipyardsoftware.org/journal </a></p> <p><a href='https://github.com/shipyard-software/market-making-whitepaper/blob/main/paper.pdf'>https://github.com/shipyard-software/market-making-whitepaper/blob/main/paper.pdf</a></p> <p><a href='https://github.com/shipyard-software/market-making-whitepaper/blob/main/paper.pdf'>https://github.com/shipyard-software/market-making-whitepaper/blob/main/paper.pdf</a></p> <p><a href='https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm'> https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm </a></p> <p><a href='https://mvpworkshop.co/blog/order-book-vs-amm-which-one-will-win/'>https://mvpworkshop.co/blog/order-book-vs-amm-which-one-will-win/ </a></p> <p>https://uniswap.org/</p>