---
description: >-
  An AMM is a decentralized exchange (DEX) protocol that uses a mathematical
  formula to price assets, facilitating trading without needing a traditional
  order book.
---

# AMM V2



{% content-ref url="amm-v2/dual-liquidity-type" %}
[dual-liquidity-type](amm-v2/dual-liquidity-type)
{% endcontent-ref %}

{% content-ref url="amm-v2/dynamic-directional-fees" %}
[dynamic-directional-fees](amm-v2/dynamic-directional-fees)
{% endcontent-ref %}

{% content-ref url="broken-reference" %}
[Broken link](broken-reference)
{% endcontent-ref %}
