If you didn't know already, BitShares recently added the AMM liquidity pool (automated market making and swap) features to the BitShares blockchain core software.
Today we are lucky enough to have long standing community contributor Brendan Jensen (@iamredbar), releasing a YouTube video about the 'PoolTool' - a software he wrote in the Python programming language.
PoolTool is the first software made for AMM, and utilizes the Python BitShares library and 'uptick' CLI.
Where to find more PoolTool
Brendan has agreed to share his contribution to the official BitShares GitHub Organization via a code fork.
You can find the PoolTool software and instructions for download and install here.
What is AMM?
"You could think of an automated market maker as a robot that’s always willing to quote you a price between two assets..Not only can you trade trustlessly using an AMM, but you can also become the house by providing liquidity to a liquidity pool. This allows essentially anyone to become a market maker on an exchange and earn fees for providing liquidity..."
Source: Binance Academy
NOTICE: Payout/rewards from HIVE.blog cross-post of this article will go to Brendan to support his contributions.
Any donations in $BTS feel free to send to
BitShares account: events.bitshares.org
Posted from BitShares News using SteemPress, see: https://news.bitshares.org/how-to-use-amm-the-liquidity-pool/