AbstractThis report provides a data-driven comparative analysis of the risk landscapes in traditional Automated Market Maker (AMM) protocols and emerging intent-based architectures like Velora. We believe that intent-based systems represent a profound paradigm shift, exchanging the chaotic, user-facing on-chain execution risks of AMMs, such as MEV and failed transaction costs, for a more structured and capital-efficient execution environment This report concludes that the fundamental challeng...