PropAMMs are the most consequential market structure change on Ethereum since Uniswap V2.
New Credible Commitments episode with
@kubimensah from
@gattacahq:
1. How PropAMMs work on Ethereum.
2. Benefits to the network: increased asset velocity and tighter spreads.
Personally, this is why I am excited:
• Makers stream quotes to the builder every 50ms and the freshest lands before the taker (maker has last look), while custom contract logic enables orderflow segmentation.
• Tight quotes without 12 seconds of inventory risk enable top-tier makers to bring depth and liquidity to ETH spot and other majors.
• And in the endgame ETH price discovery can happen on L1, not a CEX.