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AMM, with Hydros
XLS-30Live since 2024-03-22

AMM

Pools that price trades by formula, the LP tokens they issue, and what providers risk.

4 lessons16 minDifficulty Checked 2026-11-10
Start

An Automated Market Maker holds a pool of two assets and trades them at a rate set by a formula. Depositors get LP tokens. AMMs work alongside the order books, and each trade uses whichever gives the better rate.

  1. 1Pools and LP tokens4 min · 3 questions
  2. 2Deposits and withdrawals4 min · 3 questions
  3. 3Fee votes and the auction slot4 min · 3 questions
  4. 4Risks for liquidity providers4 min · 3 questions