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A year ago, Uniswap Labs & Paradigm introduced a new AMM design that sparked major discussion in DeFi—the auction-managed AMM (am-AMM). 🔥 Let’s break it down & explore its potential: drawbacks, opportunities, Integral compatibility & more. 🧵👇 🔗medium.com/@crypto_algebra/the-auction-managed-amm-am-amm-as-told-by-algebra-2a2c165fb5da.