Advanced AMMs and Concentrated Liquidity·Lesson 9 of 31·22 min
Curve, Balancer, and Specialized AMMs
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The concept The constant-product formula is general-purpose, but general-purpose is not always optimal. Once you know an asset pair's expected price relationship in advance, a specialized curve can dramatically reduce slippage for that specific case — and two protocols built their entire identity around that insight. Curve Finance targets pairs that should trade near 1:1 (or at a fixed ratio):……
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