Stani Kulechov the CEO of DeFi project AAVE tweeted this today:
For anyone wanting a quick explanation of Automated Market Makers (AMM), here is a quote taken from the Binance website:
*”You could think of an automated market maker as a robot that’s always willing to quote you a price between two assets. Some use a simple formula like Uniswap, while Curve, Balancer and others use more complicated ones.*
*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****:* [*https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm*](https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm)
Of course, this is not a release, but a rumour from the CEO is a pretty strong source! Again, this is not a release but potentially just something they’re planning on in the future. However, this could be rather bullish news for AAVE, allowing it to compete with UNI and such.