Constant Product on Chain Margin Notes https://chainmarginnotes.com/tags/constant-product/ Recent content in Constant Product on Chain Margin Notes en-us Fri, 06 Nov 2026 17:24:00 +0000 Automated Market Makers Explained https://chainmarginnotes.com/automated-market-maker/ Fri, 06 Nov 2026 17:24:00 +0000 https://chainmarginnotes.com/automated-market-maker/ How an AMM prices trades from x*y=k, with a worked constant-product swap, price impact at four trade sizes, fee mechanics and where AMM designs fail.