AMM or Orderbook, that is the question!
The original text by 0xAlpha is reprinted on this page: https://im0xalpha.notion.site/AMM-or-Orderbook-that-is-the-question-821a3c7748704e8797337bb10e9ea38c Why DeFi must choose AMM rather than orderbook 0xAlpha There have been plenty of discussions on AMM v.s. orderbook, most of which focus on the technical parts: capital efficiency, price discovery, etc. However, few seem to have realized that the battle between AMM vs … Read more