🦄 DEX

End-of-year 2022 review of decentralized exchanges

Analytics

• DEX volumes on DefiLlama
• DEX TVL Rankings
• token terminal DEX data
• Uniswap and Aggregators
• hagaetc DEX metrics

AMM based

• Uniswap v2 and v3
• Curve stableswap
• Balancer weighted pools
• Sushi stableswap
• Trader Joe liquidity book
• Velodrome ve(3,3)
  • https://ethropy.substack.com/p/samson-dex-renaming-ve33-and-solidly
• Dodo proactive market maker
• Bancor

Research:

• DEX with AMM Protocols by UC Berkley ⭐️
• https://github.com/0xperp/awesome-amm
• https://defillama.com/dexs
• math overview of AMM algorithms

DEX Aggregator + Order book

• 1inch
• cowswap
• 0x
  • 0x explorer

Articles:

• On-chain order books are unsustainable
• Ramblings on AMMs and Orderbooks by 0xperp
• AMM vs Order-book Exchanges

Oracle based

• Platypus Finance (Article on DefiLlama wiki)
  • USP stablecoin

TWAMM (Time Weighted Average Market Makers)

• https://twitter.com/0xCodeSherpa/status/1630880519021006848

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Slippage

https://degensensei.substack.com/p/the-slippage-conundrum

Dynamic fees

• by crocswap part 1, part 2
• gauntlet

Impermanent loss

• Research:

  • Is Loss-Versus-Rebalancing metric better than IL?
    • LVR lecture video
    • thread

• see impermanent loss protection in 🛡️ Insurance