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Liquidity

Automated Market Makers (AMM)

How AMMs work, pricing formulas, impermanent loss, protocol tokenomics, and liquidity design for token launches.

Market Models: Order Book, AMM, and Intent-Based Trading

Three market models for token liquidity: order book, AMM, and intent-based trading. Mechanism comparison, slippage formulas, and decision tree.

Market Making in Tokenomics: Role, Models, and Cost

How market makers affect tokenomics: spreads, depth, inventory risk, loan + call option, MM KPIs. When you need an MM and when you don't.