A protocol that enables token swaps using algorithmic pricing against pooled liquidity instead of matching individual buyers and sellers. AMMs use mathematical formulas (typically constant product x*y=k) to determine prices based on the ratio of tokens in a liquidity pool. On Solana, major AMMs include Raydium, Orca, and Meteora.
Comece pela explicação mais curta e útil antes de aprofundar.
A protocol that enables token swaps using algorithmic pricing against pooled liquidity instead of matching individual buyers and sellers. AMMs use mathematical formulas (typically constant product x*y=k) to determine prices based on the ratio of tokens in a liquidity pool. On Solana, major AMMs include Raydium, Orca, and Meteora.
Use primeiro a analogia curta para raciocinar melhor sobre o termo quando ele aparecer em código, docs ou prompts.
Pense nisso como o motor de precificação que permite swaps contra liquidez em pool em vez de depender de order book ao vivo.
Coloque o termo dentro da camada de Solana em que ele vive para raciocinar melhor sobre ele.
AMMs, roteamento, liquidez, empréstimos e infraestrutura de trading.
Transforme o termo de vocabulário em algo operacional para produto e engenharia.
Fica mais útil quando você está navegando por Trilha de DeFi e precisa de vocabulário aterrado dentro de um fluxo real de build.
Use este bloco compacto quando quiser dar contexto aterrado para um agente ou assistente sem despejar a página inteira.
AMM (Formador de Mercado Automatizado) (amm) Categoria: DeFi Definição: A protocol that enables token swaps using algorithmic pricing against pooled liquidity instead of matching individual buyers and sellers. AMMs use mathematical formulas (typically constant product x*y=k) to determine prices based on the ratio of tokens in a liquidity pool. On Solana, major AMMs include Raydium, Orca, and Meteora. Aliases: AMM Relacionados: Pool de Liquidez, Swap, Constant Product Formula (x*y=k)
Use contexto do glossário, relações entre termos, modelos mentais e builder paths para receber respostas estruturadas em vez de output genérico.
Opcional: cole código Anchor, Solana ou Rust para o Copilot mapear primitivas de volta para termos do glossário.
O Copilot vai responder usando o termo atual, conceitos relacionados, modelos mentais e o grafo ao redor do glossário.
Esses ramos mostram quais conceitos esse termo toca diretamente e o que existe uma camada além deles.
A smart-contract-held reserve of two or more tokens that enables trading via an AMM. Users deposit token pairs in specified ratios to become liquidity providers and earn trading fees. Pools are identified by their token pair and fee tier. Pool depth (total value locked) determines price impact for trades.
The exchange of one token for another through a DEX, either via an AMM pool or an order book. The user specifies an input token/amount and receives output tokens at the current market rate minus slippage and fees. On Solana, swaps settle in a single transaction (~400ms) with fees typically 0.01-0.3% per trade.
The AMM pricing formula x * y = k, where x and y are the reserve quantities of two tokens and k is a constant. As one token is bought, its reserve decreases and price increases, following a hyperbolic curve. This ensures the pool never runs out of either token but causes increasing slippage for larger trades.
Estes são os próximos conceitos que valem abrir se você quiser que este termo faça mais sentido dentro de um workflow real de Solana.
Essas entradas são fáceis de misturar quando você lê rápido, faz prompting em um LLM ou está entrando em uma nova camada de Solana.
An AMM that uses virtual (synthetic) reserves to facilitate perpetual contract trading without requiring real token liquidity in a pool. Traders deposit collateral and trade against the virtual reserves, with the AMM formula determining entry and exit prices. Drift Protocol on Solana uses a virtual AMM as a backstop liquidity source alongside its decentralized limit order book.
Entradas de glossário só ficam úteis quando estão conectadas. Esses links são o caminho mais curto para ideias adjacentes.
A smart-contract-held reserve of two or more tokens that enables trading via an AMM. Users deposit token pairs in specified ratios to become liquidity providers and earn trading fees. Pools are identified by their token pair and fee tier. Pool depth (total value locked) determines price impact for trades.
The exchange of one token for another through a DEX, either via an AMM pool or an order book. The user specifies an input token/amount and receives output tokens at the current market rate minus slippage and fees. On Solana, swaps settle in a single transaction (~400ms) with fees typically 0.01-0.3% per trade.
The AMM pricing formula x * y = k, where x and y are the reserve quantities of two tokens and k is a constant. As one token is bought, its reserve decreases and price increases, following a hyperbolic curve. This ensures the pool never runs out of either token but causes increasing slippage for larger trades.
Use essas trilhas quando quiser sair do lookup isolado e entrar em uma exploração guiada.
Aprenda o vocabulário de trading e liquidez por trás da camada de apps.
Essas entradas vivem ao lado do termo atual e ajudam a página a parecer parte de um grafo maior, não um beco sem saída.
An AMM design where liquidity providers concentrate their capital within specific price ranges instead of across the full 0-to-infinity range. CLMMs dramatically improve capital efficiency—LPs earn more fees per dollar deposited within their active range. If the price moves outside the range, the position becomes inactive. Orca Whirlpools and Raydium CLMM are leading implementations on Solana.
A smart-contract-held reserve of two or more tokens that enables trading via an AMM. Users deposit token pairs in specified ratios to become liquidity providers and earn trading fees. Pools are identified by their token pair and fee tier. Pool depth (total value locked) determines price impact for trades.
A token issued to liquidity providers representing their proportional share of a pool's reserves and accrued fees. LP tokens can be burned to withdraw the underlying assets. The value of LP tokens changes as the pool's token ratios shift and fees accumulate. LP tokens are often stakeable in yield farming programs for additional rewards.
The exchange of one token for another through a DEX, either via an AMM pool or an order book. The user specifies an input token/amount and receives output tokens at the current market rate minus slippage and fees. On Solana, swaps settle in a single transaction (~400ms) with fees typically 0.01-0.3% per trade.