The Bitcoin ETF is cool, but let's focus on the technology. As some of you guys might know, I've been writing detailed blog posts on Medium.

I've decided to switch to Substack, so you will find all my existing posts and new ones on my Substack page.

The first one will be 'A Comprehensive Deep Dive into AMMs,'
https://arbnom.substack.com/p/a-comprehensive-deep-dive-to-amms
covering all the main features of Uniswap (V2) and its forks.

-What slippage is and why it exists
-How to improve the efficiency of an AMM
-The role of liquidity providers and the nature of LP tokens
-The concept of impermanent loss
-And more

Hope you enjoy it and find it informative. All feedback is appreciated.

So, in the post, you'll find:
-The necessity of AMMs
-What we expect from AMMs*
-The formula used to determine prices and the rationale behind it
-How to ensure price consistency