Why liquidity pools and AMMs quietly reshaped DeFi trading
Whoa, liquidity isn’t magical. AMMs changed trading by replacing order books with pools. They forced us to rethink slippage, fees, and impermanent loss. Traders learned fast that depth matters more than tick size. Initially I thought swapping was just about price, but then I realized the real game was capital efficiency and risk distribution across … Đọc tiếp
