Automated Market Makers: A Practical Guide to Decentralized Exchanges and Cryptocurrency Trading (Paperback)
暫譯: 自動化市場製造商：去中心化交易所與加密貨幣交易的實用指南（平裝本）
Ottina, Miguel, Steffensen, Peter Johannes, Kristensen, Jesper
買這商品的人也買了...
-
Token Economy: How the Web3 reinvents the Internet$2,200$2,090 -
Recommender Systems: The Textbook (Paperback)$2,900$2,755 -
Random Matrix Methods for Machine Learning (Hardcover)$3,300$3,135 -
Deep Learning and Scientific Computing with R torch (Paperback)$2,740$2,603 -
Asset Allocation: From Theory to Practice and Beyond$1,610$1,530
商品描述
Explore Automated Market Makers (AMMs), the underlying protocols used by decentralized exchanges (DEX) to allow users to perform trades of cryptocurrencies in a decentralized way with no middlemen. This book provides a thorough study and a clear-cut exposition of the principal AMMs (Uniswap v2 and v3, Balancer, and Curve).
You'll receive a detailed description of how these AMMs work, unveiling the mathematics behind them and showing plenty of examples as well as novel proofs for several interesting facts. Each chapter describes an AMM's core idea and derives the mathematical formulas used in the code, giving careful explanations of the logical thinking involved and detailing the steps needed to reach those formulas. All these explanations are complemented with thoughtfully chosen examples which further help to enlighten the readers on how the formulae work. In addition, the relevant parts of the codes of the AMMs are shown after explaining each formula so that the actual implementation of the formulae can be seen.
In a traditional trading market a buy order has to be matched with a sell order to achieve a trade. However, for an AMM, users trade against the protocol itself, a smart contract, or a community pool of funds. In simple terms this is an open source computer program in which mathematical formulas define prices. Automated Market Makers examines this critical point revealing that no banks or intermediaries are necessary, giving crucial financial access to a much larger crowd, regardless of who they are with less barriers to access.
What You'll Learn
- Understand the principals of decentralized finance (DeFi)
- Grasp mathematical formulae that underpin decentralized exchanges
- Work with Solidity programming language
- Review current industry best practices
Who This Book Is For
- Those new to Blockchain and Cryptocurrency trading, who want to learn more about AMMs
- Developers who want to dive deeper into the core features of AMM platforms
- Investors and venture capitalists who want to know more about new emerging technologies
商品描述(中文翻譯)
探索自動化市場製造商（Automated Market Makers, AMMs），這是去中心化交易所（Decentralized Exchanges, DEX）所使用的基礎協議，允許用戶以去中心化的方式進行加密貨幣交易，無需中介。這本書提供了對主要 AMMs（Uniswap v2 和 v3、Balancer 和 Curve）的深入研究和清晰的闡述。
您將獲得這些 AMMs 如何運作的詳細描述，揭示其背後的數學原理，並展示大量範例以及幾個有趣事實的新證明。每一章都描述了一個 AMM 的核心理念，並推導出代碼中使用的數學公式，仔細解釋所涉及的邏輯思考，並詳細說明達到這些公式所需的步驟。所有這些解釋都配有精心挑選的範例，進一步幫助讀者理解公式的運作。此外，在解釋每個公式後，還會展示 AMMs 的相關代碼部分，以便讀者能夠看到公式的實際實現。
在傳統的交易市場中，買單必須與賣單匹配才能達成交易。然而，對於 AMM，用戶是與協議本身、智能合約或社區資金池進行交易。簡單來說，這是一個開源計算機程序，其中數學公式定義價格。《自動化市場製造商》探討了這一關鍵點，揭示了不需要銀行或中介，為更大範圍的人群提供了關鍵的金融接入，無論他們是誰，進入的障礙更少。
您將學到的內容：
- 理解去中心化金融（DeFi）的原則
- 掌握支撐去中心化交易所的數學公式
- 使用 Solidity 程式語言
- 回顧當前行業最佳實踐
本書適合的讀者：
- 對區塊鏈和加密貨幣交易感興趣的新手，想要了解更多關於 AMMs 的知識
- 希望深入了解 AMM 平台核心功能的開發者
- 想要了解新興技術的投資者和風險投資家
作者簡介
Miguel Ottina is a Mathematician born and raised in Buenos Aires. He obtained a degree in Mathematics in 2005 and a Ph.D. in Mathematics in 2009, both from the University of Buenos Aires, and worked as a Professor for many years. He has published several peer-reviewed academic articles and has given more than fifteen conference presentations.
In February 2022, he started working in the Web3 industry, ap- plying his mathematical knowledge and expertise to the cutting- edge field of cryptocurrencies and Decentralized Finance, and he has already become an expert in Automated Market Makers. After finding out that the literature on Automated Market Makers is frequently incomplete and not precise, he decided to write this book with Peter and Jesper so as to provide newcomers with a friendly, clear, and thorough explanation of the primary Automated Market Makers, and to offer developers a solid, broad and profound exposition which will allow them to gain a deeper understanding in order to continue building.
Peter Johannes Steffensen is a Mathematician holding a Ph.D. in Mathematics from the University of Aarhus. Since then, he has been working as a software architect in different financial institutions and has also had part-time university jobs. He has worked as a consultant in the Web3 space for over a year and saw there the perfect possibility to apply his mathematical knowledge and experience from the financial industry. His motivation for writing this book is to explain how the leading Automated Market Makers work and to provide a single point of entry for people that look for information on this topic.
Jesper Kristensen has worked in the Web3 space for years in both consulting and full-time capacities. Jesper holds a Ph.D. and two master's degrees in Applied and Engineering Physics from Cornell University. Jesper worked four years at General Electric Research, publishing nine articles, one book chapter, and giving seventeen conference presentations and invited talks. Following this, he did stints in the Tech industry and Finance for three years, and has led a large Web3 Research department. His primary motivation for writing this book is twofold. First, when Jesper was first introduced to the Web3 space, he noticed that a lot of confusion about how Automated Market Makers worked circulated and that multiple people gave incorrect answers around their inner workings --and this book seeks to settle this type of conflicts. Second, he wants to offer a one-stop complete guide to learn about Automated Market Makers.
作者簡介(中文翻譯)
Miguel Ottina 是一位出生並成長於布宜諾斯艾利斯的數學家。他於2005年獲得布宜諾斯艾利斯大學的數學學位，並於2009年獲得數學博士學位，並在多所大學擔任教授多年。他發表了多篇經過同行評審的學術文章，並進行了超過十五次的會議報告。
在2022年2月，他開始在Web3產業工作，將他的數學知識和專業應用於加密貨幣和去中心化金融的前沿領域，並已經成為自動化做市商（Automated Market Makers）的專家。在發現有關自動化做市商的文獻經常不完整且不精確後，他決定與彼得（Peter）和耶斯珀（Jesper）共同撰寫這本書，以便為新手提供友好、清晰且徹底的自動化做市商的解釋，並為開發者提供一個堅實、廣泛且深入的闡述，使他們能夠獲得更深的理解，以便繼續進行建設。
Peter Johannes Steffensen 是一位數學家，擁有奧胡斯大學的數學博士學位。自那時以來，他一直在不同的金融機構擔任軟體架構師，並且也有兼職的大學工作。他在Web3領域擔任顧問超過一年，並在那裡看到了應用他在金融行業的數學知識和經驗的完美機會。他撰寫這本書的動機是解釋領先的自動化做市商如何運作，並為尋找該主題資訊的人提供一個單一的入口點。
Jesper Kristensen 在Web3領域工作多年，擔任顧問和全職職位。耶斯珀擁有康奈爾大學應用與工程物理的博士學位和兩個碩士學位。耶斯珀在通用電氣研究部工作了四年，發表了九篇文章、一章書籍，並進行了十七次會議報告和受邀演講。隨後，他在科技和金融行業工作了三年，並領導了一個大型Web3研究部門。他撰寫這本書的主要動機有兩個。首先，當耶斯珀首次接觸Web3領域時，他注意到有關自動化做市商運作的許多混淆信息流傳，並且多個人對其內部運作給出了不正確的答案——這本書旨在解決這類衝突。其次，他希望提供一個一站式的完整指南，以了解自動化做市商。
