Crypto Trivia 📚 AMM (Automated Market Maker)
AMMs don't need to match buyers and sellers one-to-one. Users trade directly with a pair of tokens in a liquidity pool.
The more of one token that's bought from the pool, the less of it remains and the higher its price, so larger swaps result in greater slippage.
The most expensive thing in crypto isn't fees—it's the tuition you pay for not understanding the rules.
$UNI is the governance token of Uniswap, which popularized AMMs.
#UNI
AMMs don't need to match buyers and sellers one-to-one. Users trade directly with a pair of tokens in a liquidity pool.
The more of one token that's bought from the pool, the less of it remains and the higher its price, so larger swaps result in greater slippage.
The most expensive thing in crypto isn't fees—it's the tuition you pay for not understanding the rules.
$UNI is the governance token of Uniswap, which popularized AMMs.
#UNI