{"product_id":"9781484286159","title":"Automated Market Makers: A Practical Guide to Decentralized Exchanges and Cryptocurrency Trading","description":"\u003ch1\u003eAutomated Market Makers: A Practical Guide to Decentralized Exchanges and Cryptocurrency Trading\u003c\/h1\u003e \u003ch2\u003eOttina, Miguel; Steffensen, Peter Johannes; Kristensen, Jesper\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cdiv\u003eExplore Automated Market Makers (AMMs), the underlying protocols used by decentralized exchanges (DEX) to allow users to perform trades of cryptocurrencies in a decentralized way with no middlemen. This book provides a thorough study and a clear-cut exposition of the principal AMMs (Uniswap v2 and v3, Balancer, and Curve).\u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\u003cdiv\u003eYou'll receive a detailed description of how these AMMs work, unveiling the mathematics behind them and showing plenty of examples as well as novel proofs for several interesting facts. Each chapter describes an AMM's core idea and derives the mathematical formulas used in the code, giving careful explanations of the logical thinking involved and detailing the steps needed to reach those formulas. All these explanations are complemented with thoughtfully chosen examples which further help to enlighten the readers on how the formulae work. In addition, the relevant parts of the codes of the AMMs are shown after explaining each formula sothat the actual implementation of the formulae can be seen.\u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\u003cdiv\u003eIn a traditional trading market a buy order has to be matched with a sell order to achieve a trade. However, for an AMM, users trade against the protocol itself, a smart contract, or a community pool of funds. In simple terms this is an open source computer program in which mathematical formulas define prices. \u003ci\u003eAutomated Market Makers\u003c\/i\u003e examines this critical point revealing that no banks or intermediaries are necessary, giving crucial financial access to a much larger crowd, regardless of who they are with less barriers to access.\u003c\/div\u003e\u003cp\u003e\u003cb\u003eWhat You'll Learn\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eUnderstand the principals of decentralized finance (DeFi)\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eGrasp mathematical formulae that underpin decentralized exchanges\u003c\/li\u003e\n\u003cli\u003eWork with Solidity programming language\u003c\/li\u003e\n\u003cli\u003eReview current industry best practices \u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eWho This Book Is For\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eThose new to Blockchain and Cryptocurrency trading, who want to learn more about AMMs\u003c\/li\u003e\n\u003cli\u003eDevelopers who want to dive deeper into the core features of AMM platforms\u003c\/li\u003e\n\u003cli\u003eInvestors and venture capitalists who want to know more about new emerging technologies\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003c\/p\u003e\n\n\n\n\u003cp\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Apress\u003c\/p\u003e \u003cp\u003ePublication Date: 2023-01-02\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9781484286159\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4842-8616-6\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 293\u003c\/p\u003e ","brand":"Apress","offers":[{"title":"Default Title","offer_id":45385645326476,"sku":"9781484286159","price":49.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781484286159.jpg?v=1776084437","url":"https:\/\/lateknightbooks.com\/products\/9781484286159","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}