In short Automated Market Maker — a formula-driven pool that quotes prices instead of matching buyers with sellers.
The price moves as the pool's balance of the two assets changes, so large trades against a small pool suffer heavy slippage.
In short Automated Market Maker — a formula-driven pool that quotes prices instead of matching buyers with sellers.
The price moves as the pool's balance of the two assets changes, so large trades against a small pool suffer heavy slippage.
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