Episode 87 - An episodic rambling session on automated market makers

Good morning! This after my usual introductory ramblings, I go on to ramble about Automated Market Makers (AMM's). I explain what they are and compare them to order books. I also talk about liquidity pools (LPs) and impermanent loss some. I talk about Uniswap and Clipper Exchange.

Sources:

https://twitter.com/elonmusk/status/1495901654872383499

https://clipper.exchange/

https://docs.clipper.exchange/how-clipper-works

https://www.shipyardsoftware.org/journal

https://github.com/shipyard-software/market-making-whitepaper/blob/main/paper.pdf

https://github.com/shipyard-software/market-making-whitepaper/blob/main/paper.pdf

https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm

https://mvpworkshop.co/blog/order-book-vs-amm-which-one-will-win/

https://uniswap.org/