{"id":1929,"date":"2021-07-12T14:47:17","date_gmt":"2021-07-12T12:47:17","guid":{"rendered":"https:\/\/simplecryptoguide.com\/?page_id=1929"},"modified":"2026-10-26T09:20:43","modified_gmt":"2026-10-26T08:20:43","slug":"what-is-an-automated-market-maker-amm","status":"publish","type":"post","link":"https:\/\/simplecryptoguide.com\/ro\/what-is-an-automated-market-maker-amm\/","title":{"rendered":"Formatori de pia\u021b\u0103 automatiza\u021bi: calculeaz\u0103 rezultatul unui schimb"},"content":{"rendered":"<div data-no-translation><p>[et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;40px||40px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; background_color=&#8221;#fff8d8&#8243;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;2_3,1_3&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; module_class=&#8221;scg-essential-hero&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;2_3&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; header_font_size=&#8221;42px&#8221;]<\/p>\n<div class=\"scg-essential-breadcrumb\"><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav><\/div>\n<h1>Formatori de pia\u021b\u0103 automatiza\u021bi: calculeaz\u0103 rezultatul unui schimb<\/h1>\n<p>Un formator de pia\u021b\u0103 automatizat schimb\u0103 active folosind o regul\u0103 de pre\u021b \u0219i lichiditatea disponibil\u0103. Nu promite ultimul pre\u021b al pie\u021bei pentru fiecare token al ordinului. Afl\u0103 de ce un schimb mai mare \u00ee\u0219i modific\u0103 propriul pre\u021b \u0219i cum verifici cota\u021bia.<\/p>\n<p class=\"scg-essential-task\">Sarcina ta: calculeaz\u0103 un schimb simplu, separ\u0103 impactul asupra pre\u021bului de slippage \u0219i verific\u0103 minimul primit.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;1_3&#8243;][et_pb_image _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2026\/10\/exchange-utility-tokens.png&#8221; alt=&#8221;S\u0103ge\u021bi de schimb \u0219i ecran de tranzac\u021bionare ilustr\u00e2nd pre\u021burile AMM&#8221; title_text=&#8221;S\u0103ge\u021bi de schimb \u0219i ecran de tranzac\u021bionare ilustr\u00e2nd pre\u021burile AMM&#8221; align=&#8221;center&#8221; max_width=&#8221;260px&#8221; custom_margin=&#8221;0px|auto|0px|auto|true|true&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;concept-map&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Un schimb modific\u0103 poolul cu care tranzac\u021bionezi<\/h2>\n<div class=\"scg-essential-grid scg-essential-flow\">\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">1<\/span><\/p>\n<h3>\u00cenainte: 1.000 A + 1.000 B<\/h3>\n<p>\u00cen acest pool fictiv f\u0103r\u0103 comisioane, cu produs constant, x \u00d7 y = 1.000.000. Pre\u021bul marginal ini\u021bial este 1 B pentru A. A \u0219i B sunt exemple, nu recomand\u0103ri.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Schimb: adaug\u0103 100 A<\/h3>\n<p>Rezerva A cre\u0219te la 1.100. Pentru a p\u0103stra produsul, rezerva B devine 1.000.000 \u00f7 1.100 = 909,09. Traderul prime\u0219te diferen\u021ba: aproximativ 90,91 B.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Dup\u0103: alt pre\u021b<\/h3>\n<p>Execu\u021bia medie este 0,9091 B pentru A. Noul pre\u021b marginal este circa 0,8264 B pentru A. Niciunul nu este raportul ini\u021bial de 1 la 1. Schimburile mai mari fa\u021b\u0103 de ad\u00e2ncime deplaseaz\u0103 mai mult pre\u021bul.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;walkthrough&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Ghid practic: folose\u0219te modelul pentru verificarea cota\u021biei<\/h2>\n<div class=\"scg-essential-grid\">\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">1<\/span><\/p>\n<h3>Identific\u0103 ruta<\/h3>\n<p>Verific\u0103 re\u021beaua, contractele \u0219i poolurile routerului. Un schimb poate traversa mai multe pooluri sau se poate \u00eemp\u0103r\u021bi pe rute. Nu toate DEX-urile folosesc AMM \u0219i nu toate AMM-urile aceast\u0103 formul\u0103.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>Cite\u0219te costurile reale<\/h3>\n<p>Compar\u0103 intrarea, ie\u0219irea estimat\u0103, comisioanele, impactul \u0219i costul re\u021belei. Cu un comision de intrare de 0,3%, doar 99,7 A intr\u0103 \u00een calculul exemplului, rezult\u00e2nd circa 90,66 B. Comisioanele reale depind de pool \u0219i versiune.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Stabile\u0219te o limit\u0103 util\u0103<\/h3>\n<p>Cite\u0219te minimul primit \u0219i termenul tranzac\u021biei, dac\u0103 exist\u0103. Toleran\u021ba la slippage permite abaterea de la cota\u021bie; nu elimin\u0103 impactul deja inclus. Verific\u0103 autoriz\u0103rile separat \u0219i refuz\u0103 cererile nea\u0219teptate ale portofelului.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;worked-example&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;30px|30px|30px|30px|true|true&#8221; module_class=&#8221;scg-essential-panel&#8221; background_color=&#8221;#fff8d8&#8243; custom_padding_phone=&#8221;22px|18px|22px|18px|true|true&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|16px|16px|16px|16px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#e5d89e&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Exemplu: ie\u0219irea este modificarea rezervelor<\/h2>\n<div class=\"scg-essential-equation\"><span>1,000 \u2212 (1,000,000 \u00f7 1,100)<\/span><span>\u2248<\/span><strong>90.91 B<\/strong><\/div>\n<p>Pentru intrarea \u0394x, ie\u0219irea f\u0103r\u0103 comisioane este y \u2212 k \u00f7 (x + \u0394x). Cei 90,91 B sunt cu circa 9,09% sub cei 100 B sugera\u021bi de un pre\u021b fix 1 la 1. Este impactul tranzac\u021biei \u00een sine. Slippage reprezint\u0103 diferen\u021ba dintre cota\u021bie \u0219i execu\u021bia real\u0103. k constr\u00e2nge produsul rezervelor, nu valoarea \u00een dolari; depunerile, retragerile \u0219i comisioanele re\u021binute \u00eel pot modifica.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;common-mistakes&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Trei scurt\u0103turi care dau un rezultat gre\u0219it<\/h2>\n<div class=\"scg-essential-grid\">\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">1<\/span><\/p>\n<h3>Folosirea TVL total drept ad\u00e2ncime<\/h3>\n<p>Lichiditatea concentrat\u0103 func\u021bioneaz\u0103 \u00een intervale: un TVL mare poate include pozi\u021bii inactive. Poolurile ponderate \u0219i de active stabile folosesc alte curbe. Folose\u0219te cota\u021bia executabil\u0103 actual\u0103, nu aceast\u0103 formul\u0103 pentru orice pool.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>M\u0103rirea toleran\u021bei pentru a corecta un pre\u021b slab<\/h3>\n<p>Toleran\u021ba mai mare permite un rezultat mai slab; nu \u00eembun\u0103t\u0103\u021be\u0219te lichiditatea. Compar\u0103 alt\u0103 rut\u0103 sau o sum\u0103 mai mic\u0103, cu toate comisioanele. \u00cemp\u0103r\u021birea schimbului \u00eentr-un pool neschimbat nu elimin\u0103 automat impactul cumulat.<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>Presupunerea c\u0103 arbitrajul garanteaz\u0103 corectitudinea<\/h3>\n<p>Traderii care caut\u0103 diferen\u021be pot apropia pre\u021burile poolului de alte pie\u021be. Este un stimulent, nu garan\u021bie. Lichiditatea redus\u0103, comisioanele, laten\u021ba \u0219i ordinea tranzac\u021biilor pot afecta cota\u021bia sau o pot expune la MEV.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;practice&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;30px|30px|30px|30px|true|true&#8221; module_class=&#8221;scg-essential-panel&#8221; background_color=&#8221;#fff8d8&#8243; custom_padding_phone=&#8221;22px|18px|22px|18px|true|true&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|16px|16px|16px|16px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#e5d89e&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Exerci\u021biu: m\u0103re\u0219te ordinul<\/h2>\n<p>Reseteaz\u0103 poolul f\u0103r\u0103 comisioane la 1.000 A \u0219i 1.000 B. Schimb\u0103 250 A. C\u00e2t B prime\u0219ti, care este media B pentru A \u0219i ce minim d\u0103 toleran\u021ba de 1% asupra cota\u021biei?<\/p>\n<details>\n<summary>Arat\u0103 ra\u021bionamentul<\/summary>\n<p>Noua rezerv\u0103 B: 1.000.000 \u00f7 1.250 = 800. Ie\u0219ire: 200 B. Media: 200 \u00f7 250 = 0,8 B pentru A. Toleran\u021ba de 1% d\u0103 minimum 198 B. Diferen\u021ba de 20% fa\u021b\u0103 de pre\u021bul spot ini\u021bial exist\u0103 \u00eenaintea toleran\u021bei.<\/p>\n<\/details>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;next-steps&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Leag\u0103 pre\u021burile de urm\u0103toarea decizie<\/h2>\n<div class=\"scg-essential-actions\"><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/ro\/ce-este-un-fond-comun-de-lichiditati\/\">Verific\u0103 o pozi\u021bie de lichiditate<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/ro\/ce-este-o-bursa-descentralizata-dex\/\">Verific\u0103 schimbul DEX \u00eenainte de semnare<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/ro\/licitatie-cum-este-intinderea-si-slippage-explicate\/\">\u00cen\u021belege spreadul \u0219i slippage<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/ro\/crypto-tools\/\">Exploreaz\u0103 instrumentele cripto<span aria-hidden=\"true\">\u2192<\/span><\/a><\/div>\n<p class=\"scg-essential-sources\"><a href=\"https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW\" rel=\"sponsored nofollow noopener\" target=\"_blank\">Binance (link afiliat)<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;26px||26px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;sources&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; text_font=&#8221;Inter||||||||&#8221; text_font_size=&#8221;17px&#8221; text_text_color=&#8221;#354554&#8243; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h2>Surse \u0219i limitele modelului<\/h2>\n<ul class=\"scg-essential-sources\">\n<li><a href=\"https:\/\/developers.uniswap.org\/docs\/get-started\/concepts\/how-uniswap-works\" target=\"_blank\" rel=\"noopener\">Uniswap: AMM mechanics<\/a><\/li>\n<li><a href=\"https:\/\/support.uniswap.org\/hc\/en-us\/articles\/8643794102669-Price-Impact-vs-Price-Slippage\" target=\"_blank\" rel=\"noopener\">Uniswap: price impact \/ slippage<\/a><\/li>\n<li><a href=\"https:\/\/docs.balancer.fi\/concepts\/explore-available-balancer-pools\/weighted-pool\/weighted-pool.html\" target=\"_blank\" rel=\"noopener\">Balancer: weighted pools<\/a><\/li>\n<li><a href=\"https:\/\/developers.uniswap.org\/docs\/get-started\/concepts\/liquidity-providers\/concentrated-liquidity\" target=\"_blank\" rel=\"noopener\">Uniswap: concentrated liquidity<\/a><\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; fb_built=&#8221;1&#8243; module_class=&#8221;scg-handbook scg-essential-lesson&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; custom_padding_phone=&#8221;18px||18px||true|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221;][et_pb_row _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; column_structure=&#8221;4_4&#8243; width=&#8221;92%&#8221; max_width=&#8221;1120px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; type=&#8221;4_4&#8243;][et_pb_code _builder_version=&#8221;4.27.9&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<style>body #page-container .scg-template-reading-column .scg-essential-lesson .et_pb_row.scg-essential-panel{padding:30px!important}@media(max-width:600px){body #page-container .scg-template-reading-column .scg-essential-lesson .et_pb_row.scg-essential-panel{padding:22px 18px!important}}body #page-container .scg-template-reading-column .scg-essential-lesson .et_pb_text a.scg-essential-button:hover,body #page-container .scg-template-reading-column .scg-essential-lesson .et_pb_text a.scg-essential-button:focus-visible{background:#10202b!important;color:#ffda26!important}.scg-essential-lesson h1{margin-bottom:20px!important;line-height:1.16!important}.scg-essential-lesson h2{line-height:1.25!important;margin-bottom:24px}.scg-essential-lesson h3{font-size:21px!important;line-height:1.35!important;margin-bottom:12px}.scg-essential-lesson p+p{margin-top:16px}.scg-essential-grid{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:20px}.scg-essential-card{min-width:0;padding:24px;border:1px solid #cbd5dc;border-radius:14px;background:#fff}.scg-essential-flow .scg-essential-card{border:2px solid #10202b;box-shadow:4px 4px 0 #ffda26}.scg-essential-number{display:inline-flex;align-items:center;justify-content:center;width:38px;height:38px;margin-bottom:18px;border:1px solid #10202b;border-radius:8px;background:#ffda26;color:#10202b;font-weight:800}.scg-essential-lesson .scg-essential-task{border-left:4px solid #ffda26;padding:12px 16px;background:#fff;color:#10202b;font-weight:600;margin-top:24px}.scg-essential-hero{display:flex;align-items:center;gap:28px}.scg-essential-hero>.et_pb_column{margin:0!important}.scg-essential-hero>.et_pb_column:first-child{flex:1}.scg-essential-hero>.et_pb_column:last-child{width:28%!important;flex:0 0 28%}.scg-essential-lesson details{margin-top:24px;border:1px solid #10202b;border-radius:10px;background:#fff;padding:0 20px}.scg-essential-lesson summary{padding:16px 0;cursor:pointer;min-height:48px;font-weight:700;color:#10202b}.scg-essential-lesson details p{padding-bottom:20px}.scg-essential-lesson summary:focus-visible,.scg-essential-lesson a:focus-visible{outline:3px solid #356ca6;outline-offset:4px}.scg-essential-actions{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));gap:14px}.scg-essential-lesson a.scg-essential-button,.scg-essential-lesson a.scg-essential-button:visited{display:flex;align-items:center;justify-content:space-between;gap:16px;min-height:52px;padding:14px 18px;border:1px solid #c4a728;border-radius:8px;background:#ffda26;color:#10202b!important;font-weight:700;text-decoration:none!important;line-height:1.4;transform:none!important;transition:background-color .15s,color .15s}.scg-essential-lesson a.scg-essential-button:hover,.scg-essential-lesson a.scg-essential-button:focus-visible{background:#10202b!important;color:#ffda26!important;transform:none!important}.scg-essential-sources{font-size:14px}.scg-essential-sources a{color:#10202b!important;text-underline-offset:4px}.scg-essential-equation{display:flex;flex-wrap:wrap;justify-content:center;gap:12px;padding:24px 16px;margin:0 0 24px;border:2px solid #10202b;border-radius:12px;background:#fff;font-size:24px;font-weight:800;color:#10202b;font-variant-numeric:tabular-nums}.scg-essential-equation strong{background:#ffda26;border-radius:6px;padding:4px 12px}.scg-essential-lesson .scg-essential-breadcrumb{font-size:13px;margin-bottom:20px}@media(max-width:980px){.scg-essential-grid{grid-template-columns:1fr}.scg-essential-hero{flex-direction:column;align-items:stretch}.scg-essential-hero>.et_pb_column:first-child,.scg-essential-hero>.et_pb_column:last-child{width:100%!important;flex:auto}.scg-essential-hero>.et_pb_column:last-child{display:flex;justify-content:center}.scg-essential-hero .et_pb_image{width:200px!important}.scg-essential-card{padding:22px}}@media(max-width:600px){.scg-essential-actions{grid-template-columns:1fr}.scg-essential-lesson h1{font-size:31px!important}.scg-essential-lesson h2{font-size:26px!important}.scg-essential-equation{font-size:19px;padding:18px 12px}.scg-essential-lesson .et_pb_text{overflow-wrap:break-word}}<\/style>\n<p>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>\u00cen\u021belege pre\u021burile AMM printr-un schimb calculat: produs constant, comisioane, impact, minim primit \u0219i exerci\u021biu practic.<\/p>\n","protected":false},"author":1,"featured_media":3765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[99],"tags":[360,804,129,130,795],"class_list":["post-1929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advanced","tag-amm","tag-automated-market-maker","tag-defi","tag-dex","tag-liquidity-pool"],"_links":{"self":[{"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/posts\/1929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/comments?post=1929"}],"version-history":[{"count":1,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/posts\/1929\/revisions"}],"predecessor-version":[{"id":18781,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/posts\/1929\/revisions\/18781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/media\/3765"}],"wp:attachment":[{"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/media?parent=1929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/categories?post=1929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/tags?post=1929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}