MASTR 支持这项工作

← 知识库首页

市场结构

Constant-product pool arithmetic

A basic AMM prices trades along a reserve curve.

Reference note · Sources below

研究文章和参考条目以英语发布。导航提供七种语言。

人物与项目

Meteora

本文目录

Overview
Why it matters
What to check
Sources

Overview

A basic AMM prices trades along a reserve curve.

Why it matters

Finite size moves price, so average execution differs from the initial quote.

What to check

Calculate from reserves and include fees.

Sources

Uniswap protocol concepts

相关阅读

市场结构

Constant-product pools: where price impact comes from

A pool equation makes the execution price depend on the size of the trade relative to available reserves.

加密历史

The ICO era: selling access to a future product

Fundraising, token rights and paid distribution became tightly connected.

市场结构

A ticker is not an asset identifier

The chain and contract or mint establish which token is being discussed.

市场结构

Auto-deleveraging externalities

Profitable positions are reduced when the venue cannot absorb another account's deficit.