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AAVE CEO hints at Automated Market Maker feature

Stani Kulechov the CEO of DeFi project AAVE tweeted this today:

[https://twitter.com/StaniKulechov/status/1370748871241052163](https://twitter.com/StaniKulechov/status/1370748871241052163)

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.



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2 Comments

  1. An AMM for AAVE is really insane, this could instantly provide more funds for the lending protocol and cause its value to soar. very soon we will see another defi token in the top 10 category of the market cap.

    Honesty, this will leave retail/ small buyers out of the option as the price may be out of reach but with an index, this group is fully part of the ecosystem and can take part in the governance process.

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