No Summary provided as the original text is short
- AMM (automated market maker): A decentralized trading system that uses algorithms to price assets and provide liquidity without relying on a traditional order book.
- Slippage: The difference between the expected price of a trade and the actual executed price, often occurring during large transactions or low liquidity.
- Stablecoin-like reserve model: A system where tokens are fully backed by reserves—similar to stablecoins—ensuring each token represents a specific underlying asset held in custody.