View source for Virtual Automated Market Makers (vAMMs)

* [https://banklessdao.substack.com/p/the-oracle-edition-defi-download From] [[Bankless DAO (BANK)|Bankless]] (20-1-2023):

''"Virtual Automated Market Makers (vAMMs) depend on [[Oracle|oracles]] to inform its [[tokenized]] [[derivatives]]. Users input collateral to receive leveraged virtual assets, and price feeds from [[oracles]] help these assets [[move]] according to their originals. This squashes [[Impermanent Loss (IL)|impermanent loss]] and price impact, but the risks are still high. Trading with leverage is only for the bravest (or stupidest) investors and has eliminated a depressing amount of capital. If the price moves against you, your collateral will be liquidated."''
[[Category:Jargon/Various]]