1/
This is like the bible of AMM from a mathematical perspective. In fact, it's not maths but art

In subsequent sections, I will build on these equations using simple examples to make it feel like day-to-day uses

https://twitter.com/ProgrammerSmart/status/1538131009396301825

2/
Entire AMM is captured by this simple formula: AB = K
A and B are respective token pairs and K is a constant

It is this K, that does all the magic

Data set up:
Liquidity at any instant: $1000
Price of token A = $2, Price of token B = $4

1/
This Lido fiasco has created a mess of everything and for no reason, ETH is suffering, and most importantly users

There are different versions of this story but more or less it's close to what I could analyze 2/
This liquid staking concept i.e, the derived asset itself works as a full-fledged tradeable asset with other utilities like lending, staking, etc.

It's more like the US housing market collapse in the 2000s