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110 sats \ 1 reply \ @roach 27 Sep 2022 \ on: Bitmatrix AMA 🌊 bitcoin
  1. Does each LP need to run their own stream, or is it possible to deposit balances with a custodial pool, much like on ETH?
  2. If yes, how can the security be maintained when keys are not controlled by the AMM code?
  3. If I submit an order, does the engine match me with the best offer across all available pool streams?
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20 sats \ 0 replies \ @bitmatrix OP 27 Sep 2022
Unlike traditional order books or atomic swap platforms, Bitmatrix has the concept of Liquidity pools. There’s no central server in the middle that matches orders. Liquidity is aggregated from different sources (LPs) into unified pools where anyone can trade against those pools. Pools are not controlled by any entity; they are algorithmically engineered to set prices according to a mathematical formula enforced by the bitcoin script.
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