An automated market maker is a smart contract on VeChain that holds on-chain liquidity reserves. Users can trade against these reserves at prices set by an automated market making formula.
The automated market making algorithm used by Vexchange. See x*y=k.
VIP180 tokens are fungibile tokens on VeChain. Vexchange supports all standard VIP180 implementations.
A smart contract that deploys a unique smart contract for any VIP180/VIP180 trading pair.
A smart contract deployed from the Vexchange V2 Factory that enables trading between two VIP180 tokens.
Liquidity within a pair is pooled across all liquidity providers.
A liquidity provider is someone who deposits an equivalent value of two VIP180 tokens into the liquidity pool within a pair. Liquidity providers take on price risk and are compensated with fees.
The price between what users can buy and sell tokens at a given moment. In Vexchange this is the ratio of the two VIP180 token reserves.
The difference between the mid-price and the execution price of a trade.
The amount the price moves in a trading pair between when a transaction is submitted and when it is executed.
Smart contracts that are essential for Vexchange to exist. Upgrading to a new version of core would require a liquidity migration.
External smart contracts that are useful, but not required for Vexchange to exist. New periphery contracts can always be deployed without migrating liquidity.
A trade that uses the tokens being purchased before paying for them.
x * y = kThe constant product formula.
The “k” value in the constant product formula