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#776 Building Decentralized Exchanges For Retail Traders w/ Mark Lurie

The Pomp Podcast

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How Does an Automated Market Maker Work?

In traditional markets, the way you exchange assets is through a central limit order book. That doesn't really work on the block chain for two reasons. The gas to post an order is pretty expensive. And so essentral in an order book just isn't really practical. So that's why this new model i call automating market making was developed. But first, any question? Goso, let's do the amm mated market making. Explain what that is.

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