NEM's DeFi Glossary - #5 Automated Market Maker (AMM)
My #NEM 's DeFi Glossary 101:— Brit Gaile 🐩 (@BritGaile) October 19, 2020
#5 - Automated Market Maker
An innovative smart contract that enables creation of liquidity pool for various tokens. It uses an algorithm for automatic trades and achieves the most liquidity and the highest amount of average daily trading volume.