Cryptocurrency Q&A What is AMM swap?

What is AMM swap?

CryptoVanguard CryptoVanguard Thu Nov 21 2024 | 6 answers 1279
I'm trying to understand what an AMM swap is. Could someone please explain it to me in simple terms, including how it works and its significance in the crypto world? What is AMM swap?

6 answers

Valeria Valeria Sat Nov 23 2024
In contrast to traditional trading methods, AMMs do not require a counterparty.

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Valentina Valentina Sat Nov 23 2024
An automated market maker (AMM) serves as a cornerstone in decentralized finance.

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Nicola Nicola Sat Nov 23 2024
Users can seamlessly trade their digital assets against liquidity provided by smart contracts.

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Daniele Daniele Sat Nov 23 2024
It functions as an autonomous protocol that supports decentralized crypto exchanges (DEXs).

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Federico Federico Sat Nov 23 2024
These pools of liquidity, known as liquidity pools, facilitate the trading process.

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