Conversation

personally, i think trying to pick out which AMM design will win within the hyper-competitive ethereum space this early in the game is very futile but aggregators will win, especially those that cater to high value transactions where gas fees are negligible to those users

Quote Tweet

Will Warren

@willwarren

Sep 19, 2020

The DEX design space is massive. There are many viable strategies for pricing liquidity. The best strategy will depend upon the trading pair, market conditions, trade size, + other factors. A diverse market is a healthy market. A healthy market grows the pie, everyone wins. twitter.com/teo_leibowitz/…

찌 G 跻じ 𝙎𝙚𝙣𝙥𝙖𝙞 of the 𝙃𝙚𝙣𝙩𝙖𝙞

@DegenSpartan

Sep 20, 2020

to be more specific probably 1 or 2 aggregators will dominate 90% of the aggregator market volume small traders might still go directly to individual AMM front ends because of gas optimization but do such small value txs even matter in the bigger picture? imo, not really

찌 G 跻じ 𝙎𝙚𝙣𝙥𝙖𝙞 of the 𝙃𝙚𝙣𝙩𝙖𝙞

@DegenSpartan

Sep 20, 2020

i think AMMs will be fragmented based on what type of pairs their design optimizes for, so it becomes an LP decision, not a user decision users will just use aggregators imo larger users really dont care about gas optimization, tx fees are just the cost of doing business

Replying to

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.

This Tweet was deleted by the Tweet author. Learn more

Replying to

and

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

6ab809a879a273b1cffc8d81a07c2e987b25713e0b940036eb

Replying to

Sounds cool. But eth network clogging can be fatal to this design? Could sth like this be built at l3 level maybe?

찌 G 跻じ 𝙎𝙚𝙣𝙥𝙖𝙞 of the 𝙃𝙚𝙣𝙩𝙖𝙞

Replying to

and

bro have you heard of $SRM

Replying to

and

+++ Serum has $0.00002 gas fees

6ab809a879a273b1cffc8d81a07c2e987b25713e0b940036eb

Replying to

I never think the fee is the fee the most important factor(not saying it is not important). The speed of transaction is probably more crucial in this case?