The widely embraced Automated Market Maker (AMM) concept, initially made famous by Ethereum’s Uniswap, has become the go-to model in the market. Users contribute liquidity by pairing tokens in pools, and the exchange rate for these tokens is determined by the proportion of tokens present in each pool. When users swap assets, they effortlessly add one token to the pool and receive the other, with a nominal fee paid to the liquidity providers as part of the transaction.
A Comprehensive Tutorial: Unveiling the Process of Utilizing a Cardano DEX
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