AMM Design Discussion

Background

Great work with this overview @ignazio-bovo

https://hackmd.io/@msgSgRNqSKmkYgN4EoybcA/BysDdI8Iq

First thoughts

1. It seems to me the best tradeoff here would be something that never is really bad, but works Ok in a wide range of circumstances, which would be Linear? It's also way easier for people to understand.
2. When it says that Initial Liquidity bootstrapping capabilities are very good, does this not mean that its simply really cheaply selling off the tokens to buyers, which is at the expense of the issuer?
3. I think we should just pick a single type of curve for our first implementation, adding additional curves in the future will be very easy, no migration needed, and it will be with the benefit of more concrete information.
4. Ok, so a tax on both AMM transaction types.
5. Price based slippage constraint seems most direct and simple, but is it the same as is used on say Uniswap? may be wise to just stick with their exact same version of slippage tolerance, as people already know this.