The popular decentralized exchange, Uniswap, is having one of its latest governance proposals stonewalled by the crypto venture capital giant Andreesen Horowitz (a16z). The ongoing proposal vote, which ends on February 10, is currently 38% weighed against the change – almost entirely due to the software investor. So Much for Decentralization The proposal, tabled by 0xPlasma Labs on February 2, would have Uniswap v3 deployed to BNB chain. To enable the deployment, the proposal chose to use Wormhole – an…
Automated Market Maker
What is an Automated Market Maker (AMM)?
An automated market maker (AMM) is a computer program that operates a marketplace or exchange and automatically sets prices and matches buyers and sellers without a traditional human broker. AMMs are commonly used in decentralized finance (DeFi) applications on blockchain networks, such as Ethereum. In an AMM-based marketplace, the prices of assets are determined algorithmically based on supply and demand rather than being set by a central authority or individual market maker. This allows for more efficient and transparent price…
Block Education 
@BlockEducation
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