What you’ll find here
AMM
How an Automated Market Maker replaces the order book.
Liquidity Pools
Where the tokens you trade against actually live.
Swap
What happens when you exchange one token for another.
Fees
What a trade costs and who collects it.
Slippage
Why the price you get can differ from the price you saw.
Router
How a trade finds its way across pools.
SDEX
The Stellar Classic order book, and how it differs from Soroban AMMs.
Aggregator
Splitting one trade across several protocols at once.
Bridge
Moving assets between Stellar and other chains.
Trustlines
The Stellar rule you must satisfy before holding any non-native asset.
Oracles
Using pool reserves as an on-chain price feed.
Flash Swaps
Withdrawing tokens first and paying for them in the same transaction.
Going deeper
Advanced Topics
Pricing, understanding returns, security and open research questions.