Brandon (bvalosek)

This dynamic emerges from having the invariant constraint of a trade be a product (X*Y=K), while the spot price is a ratio (X/Y=quote price) CPMM = infinite liquidity, but price will change as the reserve balances of X and Y change

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K represents the aggregate liquidity in a way, since it's the amount of X and Y tokens multiplied together Because X*Y has to be the same K before and after a trade, a CPMM can be thought of as a automated market that keeps liquidity the same before and after a trade

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Fun to think about how many practical and creative problems will be solvable in O(1) https://i.imgur.com/Y04KmD4.jpg

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future products exist as a superposition of all possible features ✨

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