Babbitt Column | Pan Chao: Automated Market Maker DEX Economics
Author: Pan Chao "If traditional exchanges are large private supermarkets, then Uniswap is a crowdfunding vending machine. " DEX (Decentralized Exchange), as its name implies, removes all decentralizable links of traditional exchanges, from matching to clearing and settlement, and even including market making. Generally speaking, decentralized exchanges are mainly aimed at the matching, clearing and […]