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Master automated market makers and DeFi architecture through this research-backed learning path, progressing from fundamental concepts to advanced system design.

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How to Use This Learning Path

🆕 New to AMMs: Start with Phase 1 and progress sequentially
🔄 Know AMM basics: Begin with Phase 2
⚖️ Choosing approaches: Jump to Phase 3
🏗️ Building systems: Start with Phase 4 (ensure prerequisites)

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Phase 1: AMM Fundamentals 📚

Build foundation - Start here if new to automated market makers

AMM Fundamentals

📍 START HERE - Master x×y=k, liquidity pools, and trading mechanics
⏱️ 15 min • 🎯 Beginner • 📋 No prerequisites

Capital Efficiency Crisis

Why traditional AMMs waste 99.5% of capital with real Uniswap V2 data
⏱️ 12 min • 🎯 Beginner • 📋 Requires: AMM basics

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Phase 2: Concentrated Liquidity Evolution 🎯

Understand how concentrated liquidity transforms AMM efficiency

CLMM: Concentrated Liquidity Market Makers

How Uniswap V3 achieves 4,000x efficiency through custom price ranges and ticks
⏱️ 20 min • 🎯 Intermediate • 📋 Requires: Capital efficiency understanding

DLMM: Zero-Slippage Innovation

How DLMM builds on CLMM to achieve zero slippage through discrete bins
⏱️ 18 min • 🎯 Intermediate • 📋 Requires: CLMM understanding

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Phase 3: Technical Implementation 🔧

Deep dive into DLMM technical architecture

Bin Architecture Deep Dive

Technical implementation: A+B=C formula, active bin system, storage optimization
⏱️ 22 min • 🎯 Advanced • 📋 Requires: DLMM concepts

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Phase 4: Decision Framework ⚖️

Learn when and how to choose the right AMM approach

Traditional vs CLMM vs DLMM Decision Guide

Complete framework: when to use traditional AMM, CLMM, or DLMM with real examples
⏱️ 25 min • 🎯 Intermediate • 📋 Requires: Understanding all AMM types

Implementation Technology Choice

Choosing SDK based on performance, developer experience, and team capabilities
⏱️ 12 min • 🎯 Intermediate • 📋 Requires: AMM approach decision

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Phase 5: System Architecture 🏗️

Advanced: Complete ecosystem design and integration patterns

Saros Liquidity Layer Architecture

How Saros integrates DLMM, Jupiter routing, and multi-DEX aggregation
⏱️ 20 min • 🎯 Advanced • 📋 Requires: DLMM implementation understanding

Complete DeFi Ecosystem Architecture

Building full protocols: AMM + farming + governance + staking integration
⏱️ 25 min • 🎯 Advanced • 📋 Requires: Liquidity layer architecture

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Learning Objectives by Phase

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Phase 1 Outcomes ✅

After completing Phase 1, you’ll understand:
  • How x×y=k constant product formula works
  • Why traditional AMMs have massive capital inefficiency
  • Basic trading mechanics and liquidity provision
  • The foundation for all AMM improvements

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Phase 2 Outcomes ✅

After completing Phase 2, you’ll understand:
  • How CLMM achieves 4,000x efficiency through custom price ranges
  • The evolution from CLMM to DLMM’s zero-slippage innovation
  • Tick-based architecture and position management
  • Active vs inactive liquidity concepts

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Phase 3 Outcomes ✅

After completing Phase 3, you’ll understand:
  • DLMM’s technical architecture with A+B=C formula
  • Active bin system and storage optimization
  • Zero-slippage execution mechanics
  • Advanced technical implementation details

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Phase 4 Outcomes ✅

After completing Phase 4, you’ll understand:
  • When to use traditional AMM vs CLMM vs DLMM
  • User sophistication and capital requirements for each approach
  • Technology stack decisions and implementation trade-offs
  • Real-world implementation strategies

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Phase 5 Outcomes ✅

After completing Phase 5, you’ll understand:
  • Complete DeFi system architecture patterns
  • Multi-protocol integration strategies
  • Professional-grade infrastructure design
  • Advanced implementation and deployment

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Quick Navigation by Goal

🎯 I want to understand AMM basics
→ Start with AMM Fundamentals 🎯 I’m choosing between AMM approaches
→ Jump to Traditional AMM vs DLMM Decision Guide 🎯 I’m implementing DLMM
→ Begin with Concentrated Liquidity Fundamentals 🎯 I’m building a complete DeFi protocol
→ Start with Complete DeFi Ecosystem Architecture 🎯 I need technical implementation details
→ Go to Bin Architecture Deep Dive
📊 Research-Based Content: All explanations use verified data from Uniswap V3, Meteora DLMM, and academic research—no speculation or unsupported claims.