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Crypto news, analysis and explainers from the TheWeal newsroom — market context and education, never financial advice.

How Automated Market Makers Price Every DeFi Trade
DeFi How Automated Market Makers Price Every DeFi Trade Automated market makers replaced order books with a simple formula. Understanding x×y=k tells you why slippage happens and where the money in a liquidity pool actually goes. Marcus Tan · Marcus Tan