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Automated market maker

ELI5

A robot market maker. People pool two assets, and the pool trades with anyone.

Technical

An on-ledger pool for one asset pair that prices trades by formula. Live since 2024-03-22 (XLS-30).

Lessons

Cross-currency payments and pathsF4 · 4 min Clawback and AMMClawbackT2 · 5 min Order books and offersT3 · 4 min Pools and LP tokensT4 · 4 min Deposits and withdrawalsT4 · 4 min Fee votes and the auction slotT4 · 4 min