Automated Market Makers Guide to Decentralized Exchanges and Crypto Trading by Ottina Kristensen Steffensen 2023-image
Automated Market Makers Guide to Decentralized Exchanges and Crypto Trading by Ottina Kristensen Steffensen 2023-image

Automated Market Makers Guide to Decentralized Exchanges and Crypto Trading by Ottina Kristensen Steffensen 2023

$ 17.2

Language: English Number of Volumes: 1 vol. Synopsis: Explore Automated Market Makers (AMMs), the underlying protocols used by decentralized exchanges (DEX) to allow users to perform trades of cryptocurrencies in a decentralized way with no middlemen. This book provides a thorough study and a clear-cut exposition of the principal AMMs (Uniswap v2 and v3, Balancer, and Curve). You'll receive a detailed description of how these AMMs work, unveiling the mathematics behind them and showing plenty of examples as well as novel proofs for several interesting facts. Each chapter describes an AMM's core idea and derives the mathematical formulas used in the code, giving careful explanations of the logical thinking involved and detailing the steps needed to reach those formulas. All these explanations are complemented with thoughtfully chosen examples which further help to enlighten the readers on how the formulae work. In addition, the relevant parts of the codes of the AMMs are shown after explaining each formula sothat the actual implementation of the formulae can be seen. In a traditional trading market a buy order has to be matched with a sell order to achieve a trade. However, for an AMM, users trade against the protocol itself, a smart contract, or a community pool of funds. In simple terms this is an open source computer program in which mathematical formulas define prices. Automated Market Makers examines this critical point revealing that no banks or intermediaries are necessary, giving crucial financial access to a much larger crowd, regardless of who they are with less barriers to access. What You'll Learn Understand the principals of decentralized finance (DeFi) Grasp mathematical formulae that underpin decentralized exchanges Work with Solidity programming language Review current industry best practices Who This Book Is For Those new to Blockchain and Cryptocurrency trading, who want to learn more about AMMs Developers who want to dive deeper into the core features of AMM platforms Investors and venture capitalists who want to know more about new emerging technologies Author: Miguel Ottina, Jesper Kristensen, Peter Johannes Steffensen brand: Apress L. P. Dewey Decimal: 332.640285 Publication Year: 2023 Subject Area: Computers, Business & Economics LC Classification Number: QA76.76.O62 Number of Pages: Xi, 293 Pages Item Length: 9.3 in ISBN-10: 1484286154 Item Weight: 16.7 Oz Subject: Finance / General, Programming / Open Source, Corporate Finance / General Publication Name: Automated Market Makers : a Practical Guide to Decentralized Exchanges and Cryptocurrency Trading ISBN-13: 9781484286159 Type: Textbook Publisher: Apress L. P. Format: Trade Paperback Item Width: 6.1 in Illustrated: Yes Dewey Edition: 23 gtin13: 9781484286159

Description

  1. This book is a must-read for anyone diving into DeFi! It breaks down complex concepts like automated market makers into easy-to-understand insights, making decentralized trading accessible even for beginners. The practical examples and clear explanations help you grasp crypto trading strategies without feeling overwhelmed. Highly recommended for traders and enthusiasts alike!

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