{"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\/zh\/what-is-an-automated-market-maker-amm\/","title":{"rendered":"\u81ea\u52a8\u505a\u5e02\u5546\uff1a\u7b97\u51fa\u4e00\u6b21\u5151\u6362\u80fd\u5f97\u5230\u591a\u5c11"},"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; 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class=\"last\">Home<\/span><\/p><\/nav><\/div>\n<h1>\u81ea\u52a8\u505a\u5e02\u5546\uff1a\u7b97\u51fa\u4e00\u6b21\u5151\u6362\u80fd\u5f97\u5230\u591a\u5c11<\/h1>\n<p>\u81ea\u52a8\u505a\u5e02\u5546\u4f9d\u636e\u5b9a\u4ef7\u89c4\u5219\u548c\u53ef\u7528\u6d41\u52a8\u6027\u5151\u6362\u8d44\u4ea7\u3002\u5b83\u4e0d\u4f1a\u4fdd\u8bc1\u8ba2\u5355\u4e2d\u6bcf\u4e2a\u4ee3\u5e01\u90fd\u6309\u6700\u65b0\u5e02\u573a\u4ef7\u683c\u6210\u4ea4\u3002\u4e86\u89e3\u4e3a\u4ec0\u4e48\u5927\u989d\u5151\u6362\u4f1a\u5f71\u54cd\u81ea\u5df1\u7684\u6210\u4ea4\u4ef7\u683c\uff0c\u4ee5\u53ca\u5982\u4f55\u6838\u5bf9\u6700\u7ec8\u62a5\u4ef7\u3002<\/p>\n<p class=\"scg-essential-task\">\u4f60\u7684\u4efb\u52a1\uff1a\u8ba1\u7b97\u4e00\u6b21\u7b80\u5355\u5151\u6362\uff0c\u533a\u5206\u4ef7\u683c\u5f71\u54cd\u4e0e\u6ed1\u70b9\uff0c\u5e76\u68c0\u67e5\u6700\u4f4e\u6536\u5230\u6570\u91cf\u3002<\/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;\u7528\u5151\u6362\u7bad\u5934\u548c\u4ea4\u6613\u5c4f\u5e55\u8bf4\u660e\u81ea\u52a8\u505a\u5e02\u5546\u5b9a\u4ef7&#8221; title_text=&#8221;\u7528\u5151\u6362\u7bad\u5934\u548c\u4ea4\u6613\u5c4f\u5e55\u8bf4\u660e\u81ea\u52a8\u505a\u5e02\u5546\u5b9a\u4ef7&#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>\u5151\u6362\u4f1a\u6539\u53d8\u4f60\u6b63\u5728\u4ea4\u6613\u7684\u6c60<\/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>\u5151\u6362\u524d\uff1a1,000 A + 1,000 B<\/h3>\n<p>\u5728\u8fd9\u4e2a\u865a\u6784\u3001\u65e0\u624b\u7eed\u8d39\u7684\u6052\u5b9a\u4e58\u79ef\u6c60\u4e2d\uff0cx \u00d7 y = 1,000,000\u3002\u521d\u59cb\u8fb9\u9645\u4ef7\u683c\u4e3a\u6bcfA\u5151\u63621 B\u3002A\u548cB\u53ea\u662f\u793a\u4f8b\u4ee3\u5e01\uff0c\u4e0d\u662f\u63a8\u8350\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>\u4ea4\u6613\uff1a\u52a0\u5165100 A<\/h3>\n<p>A\u50a8\u5907\u589e\u81f31,100\u3002\u4e3a\u7ef4\u6301\u4e58\u79ef\uff0cB\u50a8\u5907\u53d8\u4e3a1,000,000 \u00f7 1,100 = 909.09\u3002\u4ea4\u6613\u8005\u6536\u5230\u5dee\u989d\uff0c\u7ea690.91 B\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>\u5151\u6362\u540e\uff1a\u4ef7\u683c\u5df2\u7ecf\u4e0d\u540c<\/h3>\n<p>\u5e73\u5747\u6210\u4ea4\u4ef7\u4e3a\u6bcfA\u5151\u63620.9091 B\u3002\u65b0\u7684\u8fb9\u9645\u4ef7\u683c\u7ea6\u4e3a\u6bcfA\u5151\u63620.8264 B\u3002\u4e24\u8005\u90fd\u4e0d\u662f\u521d\u59cb\u76841\u6bd41\u62a5\u4ef7\u3002\u76f8\u5bf9\u4e8e\u6c60\u6df1\u5ea6\u8d8a\u5927\u7684\u4ea4\u6613\uff0c\u4ef7\u683c\u53d8\u5316\u8d8a\u5927\u3002<\/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>\u64cd\u4f5c\u7ec3\u4e60\uff1a\u7528\u6a21\u578b\u68c0\u67e5\u62a5\u4ef7<\/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>\u8bc6\u522b\u4ea4\u6613\u8def\u5f84<\/h3>\n<p>\u6838\u5bf9\u7f51\u7edc\u3001\u4ee3\u5e01\u5408\u7ea6\u53ca\u8def\u7531\u5668\u4f7f\u7528\u7684\u6c60\u3002\u4e00\u6b21\u4ea4\u6613\u53ef\u80fd\u7ecf\u8fc7\u591a\u4e2a\u6c60\uff0c\u4e5f\u53ef\u80fd\u5206\u914d\u5230\u591a\u6761\u8def\u5f84\u3002\u4e0d\u662f\u6240\u6709DEX\u90fd\u4f7f\u7528AMM\uff0c\u4e5f\u4e0d\u662f\u6240\u6709AMM\u90fd\u4f7f\u7528\u8fd9\u6761\u516c\u5f0f\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>\u67e5\u770b\u5b9e\u9645\u6210\u672c<\/h3>\n<p>\u6bd4\u8f83\u8f93\u5165\u91cf\u3001\u9884\u8ba1\u8f93\u51fa\u3001\u6c60\u624b\u7eed\u8d39\u3001\u4ef7\u683c\u5f71\u54cd\u548c\u7f51\u7edc\u8d39\u7528\u3002\u82e5\u793a\u4f8b\u6536\u53d60.3%\u8f93\u5165\u624b\u7eed\u8d39\uff0c\u53ea\u670999.7 A\u53c2\u4e0e\u5b9a\u4ef7\u8ba1\u7b97\uff0c\u8f93\u51fa\u7ea690.66 B\u3002\u5b9e\u9645\u8d39\u7387\u53d6\u51b3\u4e8e\u6c60\u548c\u7248\u672c\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>\u8bbe\u7f6e\u6709\u610f\u4e49\u7684\u8fb9\u754c<\/h3>\n<p>\u9605\u8bfb\u6700\u4f4e\u6536\u5230\u6570\u91cf\u53ca\u53ef\u7528\u7684\u4ea4\u6613\u622a\u6b62\u65f6\u95f4\u3002\u6ed1\u70b9\u5bb9\u5fcd\u5ea6\u5141\u8bb8\u6210\u4ea4\u7ed3\u679c\u504f\u79bb\u62a5\u4ef7\uff0c\u5e76\u4e0d\u4f1a\u6d88\u9664\u62a5\u4ef7\u4e2d\u5df2\u6709\u7684\u4ef7\u683c\u5f71\u54cd\u3002\u5355\u72ec\u68c0\u67e5\u6388\u6743\uff0c\u62d2\u7edd\u610f\u5916\u7684\u94b1\u5305\u8bf7\u6c42\u3002<\/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>\u8ba1\u7b97\u5b9e\u4f8b\uff1a\u8f93\u51fa\u7b49\u4e8e\u50a8\u5907\u7684\u51cf\u5c11\u91cf<\/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>\u8f93\u5165\u0394x\u65f6\uff0c\u65e0\u624b\u7eed\u8d39\u8f93\u51fa\u4e3ay \u2212 k \u00f7 (x + \u0394x)\u300290.91 B\u6bd4\u56fa\u5b9a1\u6bd41\u4ef7\u683c\u6240\u6697\u793a\u7684100 B\u5c11\u7ea69.09%\u3002\u8fd9\u662f\u4ea4\u6613\u672c\u8eab\u9020\u6210\u7684\u4ef7\u683c\u5f71\u54cd\u3002\u6ed1\u70b9\u662f\u62a5\u4ef7\u4e0e\u5b9e\u9645\u6210\u4ea4\u4e4b\u95f4\u7684\u5dee\u5f02\u3002k\u7ea6\u675f\u50a8\u5907\u4e58\u79ef\uff0c\u4e0d\u662f\u6c60\u7684\u7f8e\u5143\u4ef7\u503c\uff1b\u5b58\u5165\u3001\u63d0\u6b3e\u53ca\u7559\u5728\u6c60\u5185\u7684\u624b\u7eed\u8d39\u53ef\u4ee5\u6539\u53d8\u5b83\u3002<\/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; 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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>\u4e09\u4e2a\u4f1a\u5f97\u51fa\u9519\u8bef\u7ed3\u8bba\u7684\u6377\u5f84<\/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>\u7528\u603bTVL\u4ee3\u66ff\u4ea4\u6613\u6df1\u5ea6<\/h3>\n<p>\u96c6\u4e2d\u6d41\u52a8\u6027\u5728\u4ef7\u683c\u533a\u95f4\u5185\u8fd0\u4f5c\uff1a\u5f88\u9ad8\u7684TVL\u53ef\u80fd\u5305\u542b\u4e0d\u6d3b\u8dc3\u5934\u5bf8\u3002\u52a0\u6743\u6c60\u548c\u7a33\u5b9a\u8d44\u4ea7\u6c60\u91c7\u7528\u5176\u4ed6\u66f2\u7ebf\u3002\u5e94\u4f7f\u7528\u5f53\u524d\u53ef\u6267\u884c\u7684\u8def\u5f84\u62a5\u4ef7\uff0c\u800c\u975e\u5c06\u8fd9\u4e2a\u7b80\u5316\u516c\u5f0f\u7528\u4e8e\u6240\u6709\u6c60\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">2<\/span><\/p>\n<h3>\u63d0\u9ad8\u5bb9\u5fcd\u5ea6\u6765\u4fee\u590d\u5dee\u62a5\u4ef7<\/h3>\n<p>\u66f4\u5927\u7684\u5bb9\u5fcd\u5ea6\u53ea\u662f\u5141\u8bb8\u66f4\u5dee\u7684\u7ed3\u679c\uff0c\u5e76\u4e0d\u6539\u5584\u6d41\u52a8\u6027\u3002\u6bd4\u8f83\u5176\u4ed6\u8def\u5f84\u6216\u8f83\u5c0f\u91d1\u989d\uff0c\u5e76\u8ba1\u5165\u6240\u6709\u8d39\u7528\u3002\u5728\u5176\u4ed6\u6761\u4ef6\u4e0d\u53d8\u7684\u6c60\u5185\u62c6\u5206\u4ea4\u6613\uff0c\u4e0d\u4f1a\u81ea\u52a8\u6d88\u9664\u7d2f\u8ba1\u4ef7\u683c\u5f71\u54cd\u3002<\/p>\n<\/div>\n<div class=\"scg-essential-card\"><span class=\"scg-essential-number\" aria-hidden=\"true\">3<\/span><\/p>\n<h3>\u8ba4\u4e3a\u5957\u5229\u4fdd\u8bc1\u516c\u5e73\u4ef7\u683c<\/h3>\n<p>\u4ea4\u6613\u8005\u901a\u8fc7\u5bfb\u627e\u4ef7\u5dee\uff0c\u53ef\u4ee5\u63a8\u52a8\u6c60\u4ef7\u683c\u9760\u8fd1\u5176\u4ed6\u5e02\u573a\u3002\u8fd9\u662f\u6fc0\u52b1\uff0c\u4e0d\u662f\u4fdd\u8bc1\u3002\u6d41\u52a8\u6027\u8584\u5f31\u3001\u8d39\u7528\u3001\u5ef6\u8fdf\u548c\u4ea4\u6613\u6392\u5e8f\u53ef\u80fd\u4f7f\u62a5\u4ef7\u4e0d\u5229\uff0c\u6216\u4f7f\u4ea4\u6613\u66b4\u9732\u4e8eMEV\u3002<\/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>\u8bd5\u4e00\u8bd5\uff1a\u6269\u5927\u8ba2\u5355<\/h2>\n<p>\u628a\u65e0\u624b\u7eed\u8d39\u6c60\u91cd\u7f6e\u4e3a1,000 A\u548c1,000 B\u3002\u5151\u6362250 A\u3002\u4f1a\u6536\u5230\u591a\u5c11B\uff0c\u5e73\u5747\u6bcfA\u5f97\u5230\u591a\u5c11B\uff0c\u62a5\u4ef7\u4e0a\u8bbe\u7f6e1%\u5bb9\u5fcd\u5ea6\u540e\u7684\u6700\u4f4e\u6570\u91cf\u662f\u591a\u5c11\uff1f<\/p>\n<details>\n<summary>\u67e5\u770b\u63a8\u7406<\/summary>\n<p>\u65b0B\u50a8\u5907\uff1a1,000,000 \u00f7 1,250 = 800\u3002\u8f93\u51fa\uff1a200 B\u3002\u5e73\u5747\uff1a200 \u00f7 250 = 0.8 B\/A\u30021%\u5bb9\u5fcd\u5ea6\u5bf9\u5e94\u6700\u4f4e198 B\u3002\u4e0e\u521d\u59cb\u73b0\u8d27\u4ef7\u683c\u76f8\u6bd420%\u7684\u5dee\u8ddd\uff0c\u5728\u5e94\u7528\u5bb9\u5fcd\u5ea6\u4e4b\u524d\u5c31\u5df2\u5b58\u5728\u3002<\/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>\u628a\u5b9a\u4ef7\u77e5\u8bc6\u7528\u4e8e\u4e0b\u4e00\u6b65\u51b3\u7b56<\/h2>\n<div class=\"scg-essential-actions\"><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/zh\/%e4%bb%80%e4%b9%88%e6%98%af%e6%b5%81%e5%8a%a8%e8%b5%84%e9%87%91%e6%b1%a0%ef%bc%9f\/\">\u68c0\u67e5\u6d41\u52a8\u6027\u6c60\u5934\u5bf8<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/zh\/%e4%bb%80%e4%b9%88%e6%98%af%e5%8e%bb%e4%b8%ad%e5%bf%83%e5%8c%96%e7%9a%84%e4%ba%a4%e6%98%93%e6%89%80-%e5%be%b7%e5%85%8b%e6%96%af\/\">\u7b7e\u540d\u524d\u68c0\u67e5DEX\u5151\u6362<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/zh\/bid-ask-spread-and-slippage-explained\/\">\u4e86\u89e3\u4ef7\u5dee\u4e0e\u6ed1\u70b9<span aria-hidden=\"true\">\u2192<\/span><\/a><a class=\"scg-essential-button\" href=\"https:\/\/simplecryptoguide.com\/zh\/%e5%8a%a0%e5%af%86%e5%b7%a5%e5%85%b7\/\">\u63a2\u7d22\u52a0\u5bc6\u5de5\u5177<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\uff08\u63a8\u5e7f\u94fe\u63a5\uff09<\/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>\u8d44\u6599\u6765\u6e90\u4e0e\u6a21\u578b\u8fb9\u754c<\/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; 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