The first generation of AMMs was born with Uniswap v2 The next generation is now born with Atomic Swaps Uniswap v2 was revolutionary by allowing any ERC20 token to be paired with another ERC20. The price of the token is calculated by the constant product formula x*y = k. However the price impact when purchasing a token relies heavily on the depth of the liquidity. If the amount swapped is too large you will get rekt by slippage. Even though Uniswap V3 introduced concentrated liquidity large s...
