AMM
Every story this desk has filed under AMM, most recent first.
A Custom AMM Lands on Robinhood Chain and Its Token Triples Off a Record Low
Daniele Sesta says Equilibra, an automated market maker with adaptive fees and an optional auto-repeg, is in testing on Robinhood Chain. The HeyAnon token it sits under had printed an all-time low the previous day.
On Robinhood Chain, a Healthcare Stock Is Now a Trading Pair for a Memecoin
Traders on Robinhood Chain are pairing memecoins directly against tokenized equities rather than against stablecoins, Cointelegraph reports, building a corner of DeFi where the quote asset is a share.
One Venue Takes Four Fifths of Base's Tokenized Stock Volume
Aerodrome accounts for more than 79 percent of tokenized equity trading on Base, according to Crypto Briefing, which makes a single automated market maker the effective order book for the asset class on that chain.
A tokenized share does not trade against an order book. It trades against a curve, and on most chains that curve is built from ranges chosen by a handful of providers. Here is how the depth actually gets there, and what happens when it leaves.
A trading halt is a feature of a specific venue, not a property of a company. Tokenized equities sit outside that venue, which creates a market that keeps quoting a price nobody can hedge.
Uniswap's Founder Says Tokenized Stocks Should Trade Against Index Funds, Not Dollars
Hayden Adams broke a blogging silence dating to 2019 to argue automated market makers will take the largest markets. A former XTX trader replied that they are heading to zero.