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From:
Ruud van Asseldonk
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A perspective shift on automated market makers through MEV
https://ruudvanasseldonk.com/2021/12/07/a-perspective-shift-on-amms-through-mev
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A swap at an automated market maker is not like a market order, it behaves more like a limit order. This is the change of perspective that MEV is forcing us to make.