Todos los libros

Profesional

Apps Acerca de Coach Iniciar sesión Empezar a leer

Quantitative Finance · Glosario

¿Qué es Constant-product market maker?

Definition 20.2 Markets III: Commodities, Energy and Crypto · Capítulo 20 — Automated Market Makers

A constant-product market maker is an automated market maker whose pool of reserves xx and yy accepts a trade only if xyxy does not decrease, with a fee γfee\gamma_{\mathrm{fee}} taken on the input and left in the pool.

Leer en el capítulo →