Defi Research Report
Introduction
DEXs use the concept of automated market makers (AMM), which requires only constant space and time, and have gained tremendous success so far. In an effort to further improve capital efficiency and minimize liquidity provider risk, Uniswap, Balancer and Curve, the most popular DEXs in the market, have all rolled out new version of design recently. This report will compare them in a variety of measures to illustrate their respective pros and cons.
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