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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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찌 G 跻じ 𝙎𝙚𝙣𝙥𝙖𝙞 of the 𝙃𝙚𝙣𝙩𝙖𝙞

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too much big words and thonks tldr is CEXes experience can emulate AMMs liquidity with additional users limit orders?

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찌 G 跻じ 𝙎𝙚𝙣𝙥𝙖𝙞 of the 𝙃𝙚𝙣𝙩𝙖𝙞

@DegenSpartan

Jan 30, 2020

this picture helped me to better visualize what i already know the end game will be aggregators that execute against both DEX orderbooks + liquidity pools to have maximum liquidity CEX models can include that liquidty on top of their off-chain orderbooks same for OTC brokers twitter.com/js_horne/statu…

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찌 G 跻じ 𝙎𝙚𝙣𝙥𝙖𝙞 of the 𝙃𝙚𝙣𝙩𝙖𝙞

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i understood it as the opposite, that the serum AMM is basically the sum of all existing AMMs liquidity profile that anyone in the market can execute against but yeah, the result is a single venue to access all liquidity and leaves the bridging and execution to the backend

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yup CLOB is the aggregating point, not the AMMs directly

6:09 AM · Sep 20, 2020Twitter Web App

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JBMasterCrypto

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This is done by dex.blue I believe. They aggregate all AMM liquidities from Kyber, Uniswap, Oasis, Balancer, and dex blue. I dont know why they havent gained traction.

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Is this how it is envisioned? CLOB will be “on chain” and sitting on top of a set of AMMs. User can trade using orderbook for limit orders and can use AMM aggregated feed for market orders.

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or could just send market orders to the orderbook and would still trade against MMs and also AMMs

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