One thing that I think is cool -- you can aggregate all AMMs naively together by having them all achieve their curves by providing in the same orderbook.
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so imagine that instead of going directly to an AMM:
1) AMM wants x*y=k; so the AMM places offers out to mimic that curve; same with bids
2) when an offer gets filled, it replaces with a bid, and vice versa
3) to trade on the AMM you just trade on the orderbook
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That way all the AMMs on a pair share liquidity and flow, and customers can just go to the orderbook and not have to think about which to use. Also you can use limit orders *and*, if the orderbook supports margin, so do the AMMs. Plus the AMMs can provide on any curve.
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FWIW that's the ultimate vision for AMMs on Serum -- you can trade directly against them using x*y=k, *or* you can just go to the orderbook and they'll all be providing there too
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Are we all just waiting for CLOB and LARPing in the meantime?
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Hahaha. I'm half serious because that's where this inevitably ends up.
And maybe on Serum :)
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