@sonki
A is for...
AMM, or Automated Market Maker
it is a way to trade crypto without another person on the other side.
price is set by code, not people. no need to find a buyer. you just select what you want to buy or sell (=trade), and it happens instantly.
examples of AMMs you will see in the wild:
🧠 Uniswap - the OG of AMMs
drama factor -🌶️ mild, they kept it classy, until v4 licensing stirred a bit of spice
🌀 Curve - big brains only
drama factor: 🌶️🌶️ medium, mostly stable, BUT let’s not forget the 2023 Curve pool exploit and rekt season
🍣 SushiSwap - launched as a fork (=copy of the code) of Uniswap with extra token incentives
drama factor: 🌶️🌶️🌶️ high, the original dev (Chef Nomi) rage-quit and returned funds after backlash
🛬 Aerodrome - fork of Velodrome, built specifically for the Base network, fresh and fast-growing
drama factor: 🌶️🌶️ medium, no scandals (yet), but bribe wars and governance games are heating up
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