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You're reading from  Building Full Stack DeFi Applications

Product typeBook
Published inMar 2024
PublisherPackt
ISBN-139781837634118
Edition1st Edition
Concepts
Blockchain
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Author (1)
Samuel Zhou
Samuel Zhou
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Samuel Zhou

Samuel Zhou has over 15 years of software engineering experience in top high tech companies including being a blockchain developer as his hobby since 2018. In 2022, Samuel turned his enthusiasm on blockchain technology into a business by founding TiFi, which is a silicon valley based startup that builds e-Commerce platform on blockchain and brings blockchain to everyday life. Over there he has created TiFi Token that offers token rebates so people can get cash back when spending the token. Also he has built TiFi Bank which is a DeFi application that offers crypto saving, lending, trading, staking and liquidity management features. Samuel holds a Master Degree and a Bachelor Degree in Computer Science.
Read more about Samuel Zhou

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The architecture of AMM

This section will discuss the architecture of AMM, which supports scalable liquidity pools. This means the number of liquidity pools can grow to support multiple token liquidity pairs. Meanwhile, it allows people to trade tokens, add liquidities (liquidity mining), and remove liquidities (liquidity burning). This architecture has been adopted by many DEXs, such as Uniswap and PancakeSwap. We will also implement all the functions and components of this architecture in Chapter 5, Build Crypto-Trading Smart Contracts.

The architecture of AMM and its components are depicted in Figure 4.9.

Figure 4.9 – Architecture of Automated Market Maker (AMM) on blockchain

Figure 4.9 – Architecture of Automated Market Maker (AMM) on blockchain

Figure 4.9 shows three main components of on-chain AMM. Each component is a smart contract with a few functions:

  • AMM Router: The AMM router is a medium between AMM users and other on-chain components of the AMM. It implements the interfaces that off-chain components...
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Building Full Stack DeFi Applications
Published in: Mar 2024Publisher: PacktISBN-13: 9781837634118
© 2024 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Samuel Zhou

Samuel Zhou has over 15 years of software engineering experience in top high tech companies including being a blockchain developer as his hobby since 2018. In 2022, Samuel turned his enthusiasm on blockchain technology into a business by founding TiFi, which is a silicon valley based startup that builds e-Commerce platform on blockchain and brings blockchain to everyday life. Over there he has created TiFi Token that offers token rebates so people can get cash back when spending the token. Also he has built TiFi Bank which is a DeFi application that offers crypto saving, lending, trading, staking and liquidity management features. Samuel holds a Master Degree and a Bachelor Degree in Computer Science.
Read more about Samuel Zhou

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