Decoded Intelligence Signal
Automated Market Maker
intermediate
market_structure
Verified: May 26, 2026Lexicon Core Definition
A decentralised exchange mechanism that prices assets algorithmically using a liquidity pool and a mathematical formula (typically x×y=k) rather than an order book — eliminates the need for a counterparty seller when buying, as the pool always provides liquidity at the formula's current price.
Analysis Breakdown
A decentralised exchange mechanism that prices assets algorithmically using a liquidity pool and a mathematical formula (typically x×y=k) rather than an order book — eliminates the need for a counterparty seller when buying, as the pool always provides liquidity at the formula's current price. Full explanation coming soon when Journey 12 content is ingested.