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An Automated Market Maker (AMM) is a decentralized system that facilitates trading on cryptocurrency exchanges by providing liquidity through crypto liquidity pools. Unlike traditional exchanges, AMMs do not rely on order books or market makers to match buyers and sellers.
Instead, they use smart contracts to define the price of digital assets and provide liquidity, allowing users to trade directly with the liquidity pool. AMMs incentivize users to become liquidity providers by offering a share of transaction fees and free tokens. This approach enables 24/7 trading, eliminates the need for intermediaries, and promotes autonomy in the crypto space. Popular AMMs include Uniswap, Balancer, and Curve, each with its approach to liquidity provision and pricing mechanisms.
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Plena Finance integrates Automated Market Maker (AMM) technology within its Super App, enabling users to seamlessly interact with popular AMMs like Uniswap. Through the Plena Super App, users can access and trade a wide range of cryptocurrencies directly, benefiting from the continuous liquidity and efficient pricing mechanisms that AMMs provide. This integration allows users to easily swap tokens, provide liquidity to earn fees, and take advantage of yield farming opportunities, all within a single, user-friendly interface.
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