Smart Contracts
Intermediate
What is
AMM?
AMM (Automated Market Maker) — механизм DEX, где цена определяется формулой и ликвидностью пула, а не стаканом заявок.
AMM использует пул ликвидности и математическую формулу (например, constant product), чтобы определять курс обмена. Пользователи торгуют против пула, а поставщики ликвидности получают комиссионные, но несут риск impermanent loss.
Key Points
- Цена зависит от баланса активов в пуле
- Торговля происходит против пула, а не против другого пользователя
- LP получают комиссии
- Есть риск impermanent loss
Use Cases
1
DEX‑обмены без стакана
2
Пулы ликвидности для популярных пар
3
Маркет‑мейкинг через добавление ликвидности
Related Infographics
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Frequently Asked Questions
Questions about AMM
Common questions about this topic
How to get started with Ergo?
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
How-to
Getting Started
How to use Spectrum DEX on Ergo?
Connect your Nautilus wallet to Spectrum Finance, select tokens to swap, review the rate and slippage, then confirm. Spectrum uses AMM liquidity pools for instant trades. You can also provide liquidity to earn fees. All trades are atomic - they complete fully or not at all, with no front-running possible.
How-to
DeFi
Is Ergo a good investment?
This is not financial advice. Ergo has strong fundamentals: fair launch (no VC dump risk), innovative technology (eUTXO, Sigma Protocols, NiPoPoWs), active development, and a cypherpunk ethos. It's a smaller market cap project with higher risk/reward than established chains. Research thoroughly, understand the technology, and never invest more than you can afford to lose.
Comparison
Getting Started
How to provide liquidity on Ergo?
On Spectrum Finance, select a pool, deposit equal value of both tokens, and receive LP tokens representing your share. You earn a portion of all trading fees. Withdraw anytime by returning LP tokens. Be aware of impermanent loss if token prices diverge significantly.
How-to
DeFi