AMMs and DEXs (Uniswap, Curve)
AMMs and DEXs Explained: How Uniswap, Curve, Slippage, Fees, MEV, and Impermanent Loss Work AMMs and DEXs changed how crypto markets trade by replacing traditional order books with smart contract liquidity pools. Instead of waiting for buyers and sellers to match, users swap against pooled assets priced by algorithms. Uniswap popularized constant-product AMMs and later
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