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AMMs vs. Onchain Orderbooks: What Changes When Makers Control the Curve?

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TL;DR Traditional AMMs aggregate liquidity into shared pools, where a common curve determines how, and at what price, every position buys and sells. Traditional orderbooks give makers more control, usually expressing liquidity through separ…

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AMMs vs. Onchain Orderbooks: What Changes When Makers Control the Curve?
Bancor Blog Aug 3, 13:25 UTC

AMMs vs. Onchain Orderbooks: What Changes When Makers Control the Curve?

TL;DR Traditional AMMs aggregate liquidity into shared pools, where a common curve determines how, and at what price, every position buys and sells. Traditional orderbooks give makers more control, usually expressing liquidity through separ…