🔍 Day 45 of 100DaysOfBlockchain: Exploring AMMs & Liquidity Pools

Today, I delved into Automated Market Makers (AMMs) and Liquidity Pools as part of my ongoing smart contract security course, focusing on TSwap, a Uniswap V1 fork.

🛠 Challenges & Insights: AMMs, with their ability to maintain protocol invariants, are critical to decentralized exchanges. The session on stateful and stateless fuzzing highlighted the importance of thorough testing to ensure security—a reminder of the lessons learned during the Puppy Raffle audit.

🚀 Empowering Users: AMMs offer a unique opportunity for users to become their own banks, democratizing access to financial systems. This aligns with Web3’s mission to give power back to individuals, especially the unbanked.

🌱 Key Takeaways: As I continue this course, the importance of security and resilience in building these decentralized systems becomes ever clearer, driving my growth as a blockchain developer.

Exploring AMMs and Liquidity Pools in blockchain development is crucial for understanding decentralized exchanges. Testing and security are paramount, as seen in lessons from previous audits. Empowering users to control their finances aligns with Web3's goal of inclusivity. Building resilient systems is key for blockchain developers' growth.