Decentralized finance (DeFi) continues to evolve quickly. After automated market makers (AMMs) transformed how tokens can be swapped on blockchains, concentrated liquidity market makers (CLMMs) improved capital‑efficiency by letting liquidity providers focus their capital on specific price ranges. The next logical step adds programmable automation on top of concentrated liquidity. In this guide the term Programmable Liquidity Autonomous Market Maker (PLAMM) is used to describe liquidity proto...