Tsawon shekaru, ra'ayin kasuwanci yana da sauƙi: mai saye da mai sayarwa dole ne su yarda kan farashi don wani abu, wanda akasari ana sauƙaƙa ta hanyar tsakiya mai tsaka-tsaki kamar kasuwar hannayen jari ko mai sayarwa. Wannan shine bisharar littattafan odar. Sa'an nan, fasahar blockchain da cryptocurrencies sun zo, suna alkawarin rarrabawa. Amma na dogon lokaci, har ma kasuwannin crypto sun yi koyi da wannan tsohon tsari, suna dogara kan

littafin umarni da aka tsara. Juyin juya hali na gaske ba ya fitowa daga kawai dijitalin kadarorin; ya fito ne daga sake fasalin kasuwar kanta. Shiga&nbsp;Masu Kera Kasuwa na Atomatik (AMMs). Wannan sabuwar fasaha ba ta inganta ciniki kawai ba; ta sake tunanin sa gaba ɗaya. Ta cire bukatar abokin ciniki, ta kawar da littafin umarni, kuma ta bude hanyoyin kuɗi

kasuwanni ga kowane mai wayar salula da haɗin intanet. A cikin wannan jagorar mai zurfi, za mu fassara sihiri na AMMs. Za mu tafi daga tushen ra'ayoyi na asali zuwa ƙa'idodin lissafi masu rikitarwa, mu bincika damar da suke bayarwa ga masu amfani da masu zuba jari, da kuma duba yadda suke haɗawa da dandamalin ciniki na zamani kamar&nbsp;<a

href="https://exbix.com/" target="_blank" rel="noopener noreferrer">Exbix</a>&nbsp;don bayar da kyakkyawan kwarewar ciniki, daga kasuwannin gaggawa zuwa na gaba. <h2 class="wp-block-heading">Menene Mai Kirkirar Kasuwa na Atomatik (AMM)? Canjin Tsari</h2> Mai Kirkirar Kasuwa na Atomatik (AMM) tsari ne na musayar da ba ta cikin tsari (DEX) wanda ke dogara da wata dabara ta lissafi don tsara farashin kadarori. Maimakon

daidaita masu saye da masu sayarwa, AMM yana amfani da wata&nbsp;tsohuwar rijiya ta kudi&nbsp;inda masu amfani zasu iya ciniki da wani tarin kadarori. Ka yi tunanin hakan kamar wani na'ura mai sarrafa kudi da aka bude koyaushe. Ba ka bukatar nemo wani mutum na musamman da ke son sayar da Euro dinsu don samun Dalar ka. Kana kawai zuwa wannan na'urar, ka saka Dalar ka, ka kuma karbi Euro a wani farashi da aka tantance ta hanyar

algoritm mai dindindin. Kioski na da kayan aiki (ruwan jari) wanda wasu mutane suka bayar ta hanyar ajiyar kudi a ciki, suna samun kuɗi daga sabis ɗin su. Falsafar asali ita ce rarrabawa da rashin izini: <ul class="wp-block-list"> <li>Babu Babban Littafin Umarni:&nbsp;Babu babban rajistar umarni na siye da sayarwa.</li> <li>Babu Abokin Hada

Hadari:&nbsp;Kana ku yi kasuwanci kai tsaye tare da kwangilar fasaha da ke kula da tafkin.</li> <li>Ko da yaushe A kan:&nbsp;Kasuwanni suna samuwa 24/7, ba tare da kiran bude ko rufewa ba.</li> <li>Ba tare da izini ba:&nbsp;Kowa na iya zama mai bayar da ruwa (LP) kuma ya sami kudaden shiga, kuma kowanne shiri na iya kirkirar kasuwa don token dinsa.</li> </ul> Wannan tsarin shine ginshikin

Tsarin Kudi na Decentralized (DeFi), yana karfafa manyan kamfanoni kamar Uniswap, SushiSwap, da PancakeSwap, kuma yana da muhimmiyar rawa a cikin kasuwannin tsari na zamani kamar&nbsp;<a href="https://exbix.com/markets" target="_blank" rel="noopener noreferrer">Exbix Markets</a>&nbsp;da ke haɗa tazara tsakanin ingancin CeFi da DeFi. <h2 class="wp-block-heading">Zuciya Mai Doki: Ta Yaya AMMs

A gaskiya yana aiki?</h2> Don fahimtar yadda yake aiki, muna buƙatar raba abubuwa guda biyu masu mahimmanci:&nbsp;Jiragen Ruwa na Kudi&nbsp;da&nbsp;Ka'idar Samun Dindindin. <h3 class="wp-block-heading">1. Jiragen Ruwa na Kudi: Tashar Kayan Aiki</h3> Jirgin ruwa na kudi wata yarjejeniya ce mai hankali wacce ke riƙe da ajiyar kuɗi na cryptocurrencies guda biyu ko fiye. Misali, wani

ETH/USDT pool yana dauke da Ethereum da Tether. Wadannan pools suna samun kudade daga&nbsp;Masu Bayar da Ruwa (LPs)&mdash;masu amfani da ke ajiye darajar duka kadarorin biyu a cikin pool. Me yasa za su yi wannan?&nbsp;Don samun kudaden ciniki.&nbsp;Kowane lokaci mai ciniki ya yi amfani da pool don musanya daya daga cikin kadarorin zuwa wani, ana caji karamin kudi (yawanci 0.01% zuwa 0.3%) kuma

a raba da aka raba bisa ga kowane LP a cikin wannan tudu. Hanya ce ta sanya kadarorin ku na crypto suyi aiki da kuma samar da riba, wani ra'ayi da aka fi sani da&nbsp;noman riba. Lokacin da ka bayar da ruwa, kana samun&nbsp;LP tokens&nbsp;a madadin. Wadannan tokens suna wakiltar rabon ka na jimlar tudu kuma za a iya mayar da su daga baya don rabon ka na kadarorin tare da ƙarin

k = x * y, inda x da y ke adadin kudin da aka adana a cikin rukunin. Wannan yana nufin cewa idan adadin x ya karu, to adadin y zai ragu, da kuma akasin haka. Wannan tsarin yana tabbatar da cewa kasuwar tana ci gaba da kasancewa mai daidaito yayin da ake gudanar da ciniki. <h3 class="wp-block-heading">3. Amfanin AMMs</h3> AMMs suna ba da damar gudanar da ciniki ba tare da bukatar mai sayarwa ko mai saye ba, wanda ke sa su zama masu sauƙi da inganci. Wannan yana ba da damar masu amfani su shiga cikin kasuwa da sauri da kuma samun riba daga kudaden da aka adana.

mai sauƙi:&nbsp;<code>x * y = k</code> <ul class="wp-block-list"> <li><code>x</code>&nbsp;= adadin Asset A a cikin rukunin (misali, ETH)</li> <li><code>y</code>&nbsp;= adadin Asset B a cikin rukunin (misali, USDT)</li> <li><code>k</code>&nbsp;= wani dindindin wanda dole ne ya kasance iri ɗaya koyaushe</li> </ul> Wannan tsarin yana tabbatar da cewa samfurin adadin kadarorin biyu dole ne ya kasance koyaushe

daidai&nbsp;<code>k</code>. Wannan ka'idar mai sauki tana da tasiri mai zurfi ga farashi da ruwa. Ta yaya wannan ke tantance farashi? Farashin wani abu yana tantancewa ta hanyar rabo na kadarorin da ke cikin tafkin. Idan wani ya sayi yawancin ETH daga tafkin, suna rage adadin ETH (<code>x</code>) suna kuma ƙara ƙarin USDT (<code>y</code>). Don

kiyaye&nbsp;<code>k</code>&nbsp;a tsaye, ragewar&nbsp;<code>x</code>&nbsp;na haifar da karuwar farashin ETH ga mai ciniki na gaba. Wannan shine yadda algorithm ɗin ke daidaita farashi ta atomatik bisa ga bukata da bayarwa a cikin rukunin. Wannan farashi na atomatik, wanda aka tsara da lissafi, shine abin da ke ba ka damar aiwatar da cinikai nan take akan haɗin kamar&nbsp;<a

href="https://exbix.com/exchange/dashboard?coin_pair=TRX_USDT" target="_blank" rel="noopener noreferrer">TRX/USDT</a>&nbsp;ko&nbsp;<a href="https://exbix.com/exchange/dashboard?coin_pair=SHIB_USDT" target="_blank" rel="noopener noreferrer">SHIB/USDT</a>&nbsp;ba tare da jiran mai sayarwa ya dace da umarnin sayan ku. <h2 class="wp-block-heading">Wurin Wasan 'Yan Kasuwa: Fa'idodin Amfani da

AMMs</h2> Tsarin AMM yana bayar da fa'idodi da yawa wanda ya sa ya zama sananne sosai. <ul class="wp-block-list"> <li>Samun Dama Ba Tare da Iyakancewa ba:&nbsp;Kowanne mutum na iya ƙirƙirar kasuwa don kowanne token. Wannan ya zama canji mai girma ga sabbin cryptocurrencies da ke da ƙarancin kasuwa waɗanda za su yi wahala wajen samun jerin sunayen su a manyan kasuwannin tsakiya.</li> <li>Ci gaba

Ruwa:&nbsp;Saboda an gudanar da cinikayya bisa ga ruwan, koyaushe akwai&nbsp;wani&nbsp;ruwa da ake da shi, sabanin kasuwannin da ke da karancin umarni inda ba za a iya cika manyan umarni ba.</li> <li>Sauƙi da Sauri:&nbsp;Gwanin mai amfani yana da sauƙi matuƙa: haɗa walat ɗinka, zaɓi takardun shigarwa da fitarwa, sannan ka canza. Ana gudanar da manyan hanyoyin cikin sauƙi

bayan fuskokin ta hanyar kwangilar smart.</li> <li>Bayyanawa:&nbsp;Dukkan ma'amaloli da ma'aunin pool suna kan blockchain, suna bayyana ga kowa don duba.</li> <li>Yiwuwar Samun Kuɗi ga LPs:&nbsp;Bayar da ruwa yana ba masu riƙe crypto damar samun kuɗi mai zaman kansa akan kadarorin da za su kasance a cikin jakunkuna ba tare da amfani da su ba.</li> </ul> <h2

class="wp-block-heading">Navigating the Deep End: Risks and Challenges of AMMs</h2> Duk da karfi, tsarin AMM ba tare da hadarurruka ba ne. Fahimtar su yana da matuƙar muhimmanci ga kowanne mai shiga. <h3 class="wp-block-heading">1. Rashin Dorewa (IL): Matsalar Mai Ba da Ruwa</h3> Wannan shine hadarin da aka fi tattaunawa akai kuma akasari ana fahimtar sa ba daidai ba. Rashin Dorewa ba shine asarar tokens ba;

yana&nbsp;farashin dama. Yana faruwa lokacin da farashin kadarorin da ka ajiye ya canza idan aka kwatanta da lokacin da ka ajiye su. Algorithm na AMM yana daidaita tafkin don kiyaye&nbsp;<code>k</code>&nbsp;daidaitacce, wanda ke nufin za ka sami ƙananan daga kadarorin da suka fi kyau da ƙarin daga waɗanda ba su yi kyau ba fiye da idan ka riƙe su kawai a cikin walat ɗinka. Wannan

babban canjin, babbar dama ce don asarar da ba ta da dindindin.&nbsp;Yana da “ba dindindin ba” saboda idan farashin ya dawo ga asalin sa lokacin da ka ajiye, asarar ta ɓace. Duk da haka, idan ka cire lokacin da farashin ya bambanta, asarar ta zama dindindin. <h3 class="wp-block-heading">2. Hadarin Kwantiragi Mai Hujja</h3> AMMs suna gudana akan kwantiragin mai hujja, wanda ke

pieces na lamba. Idan akwai kuskure ko rauni a cikin lamban, masu hakar za su iya amfani da shi, wanda zai iya haifar da asarar dukkan kudade a cikin tafkin. Duk da cewa bincike suna da yawa, hadarin ba ya taba zama sifili. <h3 class="wp-block-heading">3. Slippage</h3> Slippage shine bambanci tsakanin farashin da aka zata na ciniki da farashin da aka aiwatar. A cikin manyan cinikai idan aka kwatanta da girman tafkin, musayar guda ɗaya

na iya motsa farashin sosai (saboda&nbsp;<code>x * y = k</code>&nbsp;ka'ida), wanda ke haifar da babban juyawa. 'Yan kasuwa dole ne su saita iyakokin juyawa don guje wa kasuwancin da ba su so. <h2 class="wp-block-heading">Bayan Hanyoyin Asali: Ci gaban AMMs</h2> Modelin&nbsp;<code>x * y = k</code>&nbsp;mai sauki shine farkon. Don magance iyakokinsa (kamar babban juyawa da rashin dindindin

(rasa), sabbin samfuran sun bayyana: <ul class="wp-block-list"> <li>Ruwa mai ma'ana (Uniswap V3):&nbsp;Wannan yana ba wa LPs damar bayar da ruwa a cikin takamaiman farashi maimakon a dukkanin hanyar farashi (0 zuwa har abada). Wannan yana kara ingancin jarin ga LPs kuma yana rage jujjuyawar farashi ga 'yan kasuwa, amma yana bukatar karin kulawa mai aiki.</li>

<li>Stablecoin AMMs (Curve Finance):&nbsp;Wannan yana amfani da ƙa'idodi na musamman da aka tsara don haɗin stablecoin (misali, USDC/USDT) ko kadarorin da suka yi kama da juna waɗanda aka tsara su don ciniki kusa da kashi 1:1. Wannan yana rage yawan canjin farashi da asarar wucin gadi ga waɗannan takamaiman haɗin.</li> <li>Hybrid Models:&nbsp;Yawancin DEXs na zamani da CEXs tare da fasalolin AMM suna amfani da samfuran haɗin gwiwa waɗanda ke haɗa

odara littattafai tare da AMM liquidity don bayar da mafi kyawun duka duniya: zurfin ruwa da ƙaramin jujjuyawa.</li> </ul> <h2 class="wp-block-heading">AMMs a cikin Tsarin Exbix: Haɗa CeFi da DeFi</h2> Sabbin kasuwannin cryptocurrency suna fahimtar ƙarfin AMMs. Dandalin kamar&nbsp;<a href="https://exbix.com/" target="_blank" rel="noopener noreferrer">Exbix</a>&nbsp;yana amfani da waɗannan ka'idodin don

inganta kwarewar mai amfani a dukkan kayayyakin sa. 1.&nbsp;Ingantaccen Ruwan Kasuwancin Spot:&nbsp;Ruwan kasuwancin da ya dace don gudanar da kasuwanci na spot a kan manyan ma'auni kamar&nbsp;<a href="https://exbix.com/exchange/dashboard?coin_pair=ETC_USDT" target="_blank" rel="noopener noreferrer">ETC/USDT</a>&nbsp;ana yawan ƙara shi da hanyoyin AMM da algorithms na ƙirƙirar kasuwa,

tabbatar da ka samu mafi kyawun farashi tare da karancin jujjuyawa. 2.&nbsp;Asalin Kasuwancin Gaba:&nbsp;Rarraba kudi da gano farashi da AMMs ke bayarwa suna taimakawa wajen tabbatar da kwanciyar hankali da ingancin bayanan da aka yi amfani da su don musayar dindindin da&nbsp;<a href="https://exbix.com/futures/" target="_blank" rel="noopener noreferrer">kwangilolin gaba</a>. Kasuwannin wuri masu karfi

suna da matakai masu mahimmanci don kasuwannin derivatives masu lafiya. 3.&nbsp;Wata Hanya zuwa DeFi:&nbsp;Ga masu amfani da suka fara tafiyarsu a dandalin tsakiya kamar Exbix, fahimtar AMMs shine mataki na farko a cikin babbar duniya ta DeFi, inda zasu iya zama masu bayar da ruwa da masu noma ribar. <h2 class="wp-block-heading">Makomar AMMs: Ina Muke Tafi Daga Nan?</h2>

Sabon fasahar a wannan fannin ba ta da hutu. Muna iya sa ran ganin: <ul class="wp-block-list"> <li>AMMs na Hanyoyin Haɗin Gwiwa:&nbsp;Tsarin da ke ba da damar musayar kai tsaye da bayar da ruwa a tsakanin hanyoyin blockchain daban-daban (misali, Ethereum, Binance Smart Chain, Solana).</li> <li>Ingantaccen Amfani da Jari:&nbsp;Sabbin samfuran za su ci gaba da bayyana waɗanda za su ƙara</li>

rage ragu ragu ragu da kuma samun ribar da ta fi yawa ga LPs.</li> <li>Haɗin DeFi:&nbsp;Haɗin kai mai zurfi tare da tsarin ba da rance, aro, da zaɓuɓɓukan don ƙirƙirar ƙarin kayayyakin kuɗi masu inganci.</li> <li>Ingantaccen Mulki:&nbsp;Tokens na LP yawanci suna ba da hakkin mulki, wanda ke nufin masu bayar da ruwa na iya kada kuri'a kan makomar tsarin, wanda ke haifar da ƙarin

ekosistemu da aka raba kuma na al'umma.</li> </ul> <h2 class="wp-block-heading">Kammalawa: Sabon Ma'auni na Kasuwa</h2> Masu Kera Kasuwanci na Atomatik sun canza yanayin kudi ba tare da jinkiri ba. Sun ba da damar yin kasuwanci ga kowa, sun bude sabbin hanyoyin samun kudin shiga na shakatawa, kuma sun samar da muhimmin matakin ruwa ga dukkan lokacin DeFi da kuma bayan haka. Duk da haka, suna kawo sabbin rikice-rikice da

hadarin kamar asarar wucin gadi, fa'idodin su a cikin hanzari, inganci, da kirkira ba za a iya musanta su ba. Sun wakilci canji na asali daga duniya mai daidaitaccen umarni zuwa duniya mai ruwa na algorithm. Ko kai mai ciniki ne da ke neman mafi kyawun aiwatarwa akan ka&nbsp;<a href="https://exbix.com/exchange/dashboard?coin_pair=TRX_USDT" target="_blank" rel="noopener

noreferrer">TRX kasuwanci</a>&nbsp;ko kuma mai son zama mai bayar da ruwa, fahimtar AMMs ba zai zama zaɓi ba—yana da ilimi mai mahimmanci ga duk wanda ke tafiya cikin sabuwar tattalin arzikin crypto. Injinan shiru suna aiki, kuma suna samar da makomar kuɗin bude. Gargadi: Wannan labarin yana nufin ilimi ne kawai kuma ba shawarwari na kuɗi ba. Koyaushe kuyi bincike da kanku.

bincike (DYOR) da fahimtar hadarin da ke tattare da shi kafin bayar da ruwa ko kasuwanci da cryptocurrencies. Darajar jarin na iya raguwa kamar yadda zai iya tashi.

Sabon Hanyar Kasuwancin Crypto

Masu Kafa Kasuwa ta Atomatik (AMMs): Injiniyoyi Marasa Sauti da suka Sauya Hanyar Ciniki na Crypto