Decentralized Finance (DeFi)

Automated Market Maker (AMM)

Also: AMM

A trading system that prices assets with a mathematical formula and a pool of tokens instead of matching buyers with sellers in an order book. Uniswap popularized it.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.