1/11:. #DeFi began with Automated Market Makers (AMMs), but they are not capital efficient.
14 Apr 2023, 09:24
1/11:
#DeFi began with Automated Market Makers (AMMs), but they are not capital efficient. Liquidity concentration algorithms were designed, such as UniV3 & $DODO, known as Concentrated AMMs (CMMs) to solve this. However, impermanent loss persists & has become more of a concern.