Automated Market Makers: A Practical Guide to Decentralized Exchanges and Cryptocurrency Trading

⭐⭐⭐⭐⭐ Fantastic book! The authors did an incredible job providing a thorough exploration of various AMM concepts, covering everything from Constant Function Market Makers like Uni v2, Balancer, and Curve, to the more complex concentrated liquidity AMM, Uni v3.Not to mention that the authors have great backgrounds in math and DeFi, so they are very reputable sources to write on this topic.Although the book is quite mathy and technical, the explanations are clear and comprehensive, making it an invaluable resource for anyone interested in understanding the intricate workings of automated market makers. Highly recommended!

The book starts from the basics of Automated Market Makers (AMMs), and covers content all the way up to Uniswap V3, easily one of the more complicated types of AMMs currently in the web3 space. It discusses the theoretical foundations of AMMs on a very reader-friendly manner.The math is very clear and the book has plenty of easy-to-follow examples. It also provides some codes (listings) discussing the implementation of some of the smart contracts described.Overall, as someone who both really appreciates mathematical rigorosity (something that at times I feel is lacking in some of the other DeFi literature) as well as clear, easy-to-follow examples, I highly recommend this book.

I eagerly awaited the release of this book and was not disappointed upon finally receiving it. It is an excellent resource that provides a comprehensive overview of automated market makers (AMMs), both from a mathematical and practical standpoint. The book includes a wealth of examples to illustrate the concepts discussed, making it an invaluable resource for anyone interested in this topic.I wanted to see more trading examples, but I learned a ton about AMM designs and I am very happy that I bought it!