June 9, 2021, 7:01AM EDT
• 10 min read

Exploring constant function market maker designs

Quick Take

  • Traditional order books are difficult to implement on-chain given the storage constraint of blockchains
  • Constant product market maker is a common design among existing decentralized exchanges such as Uniswap
  • Different asset-specific constant function market makers have arisen to accommodate some special properties of certain collections of assets

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here