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I agree that you should pay attention to AMMs and learn about them! You definitely should! DeFi is paying people $3mm/day to do so, so it's financially a great decision. Also AMMs are generally worse than orderboks. Both of those are true.

2:01 AM · Oct 16, 2020Twitter Web App

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Retail adoption is super important! But I'm not sure that retail "liquidity" is, at least as you're using it. Retail trades on Robinhood, and IB, and Binance, and Coinbase. None of those are AMMs-- those are all retail taking and MMs making.

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