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5min chapter
AMMs vs DEXs: DeFi's First Debate Revisited | Season 6 Episode 3
Bell Curve
Differences Between AMMs and CLOBs in DeFi
This chapter explores the differences between Automated Market Makers (AMMs) and Central Limit Order Books (CLOBs) in decentralized finance (DeFi), discussing their participation requirements, competition dynamics, and practicality in decentralized environments. It predicts that professional liquidity providers will dominate on AMMs in the long run, while AMMs are better suited for blockchain environments.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode