Most people who trade on decentralized exchanges do not realize they are acting as their own market makers. Intent-based DEXs flip this model. Instead of interacting with a liquidity pool directly, you sign a message describing what you want, and…
What are intent-based DEXs and how do they differ from AMMs
其他语言标题
- EnglishIntent-based DEXs are decentralized exchanges that allow users to specify their trading intentions (such as price, slippage, or execution time) and delegate the execution to third-party solvers or relayers, who compete to fulfill these orders in the most efficient way. In contrast, AMMs (Automated Market Makers) rely on pre-programmed liquidity pools and mathematical formulas (e.g., x*y=k) to automatically match buyers and sellers, with trades executed directly against the pool without any delegation or optimization. The key differences lie in execution flexibility, user control, and efficiency: intent-based DEXs offer more personalized and potentially better pricing through competitive solver bidding, while AMMs provide simpler, permissionless, and always-available liquidity but with less control over execution outcomes.
- 한국어인텐트 기반 DEX란 무엇이며, AMM과 어떻게 다른가요?