{"id":199566,"date":"2024-10-10T21:36:40","date_gmt":"2024-10-10T21:36:40","guid":{"rendered":"https:\/\/cryptonews.com\/tr\/?post_type=academy&#038;p=199566\/"},"modified":"2024-12-06T13:35:55","modified_gmt":"2024-12-06T13:35:55","slug":"otomatik-piyasa-yapici-amm-nedir-detayli-anlatim","status":"publish","type":"academy","link":"https:\/\/cryptonews.com\/tr\/academy\/otomatik-piyasa-yapici-amm-nedir-detayli-anlatim\/","title":{"rendered":"Otomatik Piyasa Yap\u0131c\u0131 (AMM) Nedir? Ne i\u015fe Yarar?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Yeni bir \u00e7\u00f6z\u00fcm y\u00f6ntemi olan <\/span><span style=\"font-weight: 400\">otomatik piyasa yap\u0131c\u0131 (AMM) nedir, ne de\u011fildir? Bu yaz\u0131m\u0131zda detaylar\u0131na inerek bu konudan bahsedece\u011fiz.<\/span><\/p><p><span style=\"font-weight: 400\">Geleneksel ticaret piyasalar\u0131nda piyasa yap\u0131c\u0131lar, fiyat ne olursa olsun ticaret likiditesi sa\u011flarlar. Borsa bunun en bilinen \u00f6rne\u011fidir. Bu \u015fekilde ticaretin sorunsuz bir \u015fekilde yap\u0131lmas\u0131na yard\u0131mc\u0131 olurlar.<\/span><\/p><p><span style=\"font-weight: 400\">Genellikle borsa emir defterlerinde ticaretin likiditesinin kayna\u011f\u0131 bireyler veya firmalard\u0131r. Merkeziyetsiz borsa (DEX) ticaretinin ortaya \u00e7\u0131kmas\u0131yla birlikte otomatik piyasa yap\u0131c\u0131 (AMM) kavram\u0131 tan\u0131t\u0131ld\u0131.<\/span><\/p><p><span style=\"font-weight: 400\">Ortaya \u00e7\u0131kan bu ak\u0131ll\u0131 \u00e7\u00f6z\u00fcm, i\u015flemler aras\u0131nda arac\u0131 olmadan yat\u0131r\u0131mc\u0131lar\u0131n takas yapmalar\u0131na olanak tan\u0131r. Bunun yerine AMM, token i\u00e7in fiyat\u0131 belirler ve i\u015flem kod ile ger\u00e7ekle\u015ftirilir.<\/span><\/p><p><span style=\"font-weight: 400\">Biz bu rehberde farkl\u0131 otomatik piyasa yap\u0131c\u0131 t\u00fcrlerinin ne oldu\u011funu ve nas\u0131l \u00e7al\u0131\u015ft\u0131klar\u0131n\u0131 tart\u0131\u015faca\u011f\u0131z. Ayr\u0131ca bir AMM kullanman\u0131n avantajlar\u0131n\u0131 ve olas\u0131 dezavantajlar\u0131n\u0131 da detayland\u0131raca\u011f\u0131z. Kripto ticaretinizde <strong>otomatik piyasa yap\u0131c\u0131 (AMM) nedir<\/strong> ve nas\u0131l kullanabiliriz, birlikte \u00f6\u011frenelim.<\/span><\/p><p><span style=\"font-weight: 400\"><div class=\"su-note\" style=\"border-color:#e0d5e5;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#faefff;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<h2><b>\u00d6zetle Otomatik Piyasa Yap\u0131c\u0131 (AMM) Nedir? <\/b><\/h2>\n<p><span class=\"replacer\"><\/span><br>\n<span style=\"font-weight: 400\">Otomatik piyasa yap\u0131c\u0131, merkeziyetsiz bir borsada ticaret fiyatlar\u0131n\u0131 y\u00f6netir. Y\u00f6netim \u015fekli bir protokold\u00fcr. Protokol bir dizi kuraldan olu\u015fur. <\/span><span style=\"font-weight: 400\">AMM, fiyat hareket ederken bir token havuzundan ticaret yap\u0131lmas\u0131na olanak tan\u0131r. Bu, likidite havuzu olarak adland\u0131r\u0131l\u0131r.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ticaret yaparken birka\u00e7 form\u00fclden birini kullan\u0131r. AMM, bunu herhangi bir arac\u0131 olmadan yapar. Bu form\u00fcllerin en yayg\u0131n olan\u0131, 12 blok zincirinde mevcuttur. Bu \u00f6nde gelen merkeziyetsiz borsa, Uniswap taraf\u0131ndan tan\u0131t\u0131lan sabit \u00fcr\u00fcn form\u00fcl\u00fcd\u00fcr.<\/span><\/p>\n<p><span style=\"font-weight: 400\">AMM&#8217;nin merkezinde matematiksel bir form\u00fcl bulunur. \u0130nsanlar <a href=\"https:\/\/cryptonews.com\/tr\/kripto-para\/likidite-havuzu-nedir-defi-guncel-kaynak\/\">likidite havuzuna<\/a> kar\u015f\u0131 al\u0131p satarken fiyat\u0131 belirleyen etken bu form\u00fcld\u00fcr.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Otomatik piyasa yap\u0131c\u0131 (AMM) nedir, sorusunun cevab\u0131 bu form\u00fcl\u00fcn i\u00e7inde gizlidir. <\/span><span style=\"font-weight: 400\">Bir \u00f6rnek ile konuyu a\u00e7\u0131klayal\u0131m. Uniswap\u2019in sabit \u00fcr\u00fcn form\u00fcl\u00fc, havuzdaki iki token t\u00fcr\u00fcn\u00fc temsil eden X ve Y ile basit bir matematiksel form\u00fcl (x*y = k) kullan\u0131r. K ise sabit de\u011ferdir.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Uniswap AMM\u2019si, her fiyat seviyesinde i\u015flemleri m\u00fcmk\u00fcn k\u0131lar. Ayr\u0131ca likidite havuzunda kalan token miktar\u0131na g\u00f6re her tokenin fiyat\u0131n\u0131 ayarlar.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><\/span><\/p><\/div><\/div><\/span><\/p><h2><b>Otomatik Piyasa Yap\u0131c\u0131 (AMM) Nas\u0131l \u00c7al\u0131\u015f\u0131r?<\/b><\/h2><p><span class=\"replacer\"><\/span><br>\n<span style=\"font-weight: 400\">\u00c7o\u011fu AMM, benzer \u015fekilde \u00e7al\u0131\u015f\u0131r. Ancak baz\u0131lar\u0131 takaslar ger\u00e7ekle\u015fti\u011finde havuzu dengelemek i\u00e7in farkl\u0131 form\u00fcller kullan\u0131r. AMM ile takas (swap) i\u015fleminin havuzdaki ticaret envanteri burada \u00f6nemlidir. Takas miktar\u0131na g\u00f6re de\u011ferlemelerde bulunur.<\/span><\/p><p><span style=\"font-weight: 400\">Takas\u0131n b\u00fcy\u00fckl\u00fc\u011f\u00fcne ba\u011fl\u0131 olarak token ba\u015f\u0131na takas fiyat\u0131n\u0131 ayarlar. ETH&#8217;nin 10.000 AST token\u0131 ile takas edilmesinin \u00f6rne\u011fini g\u00f6rebilirsiniz. Bunun toplam maliyetini g\u00f6rsel ile ayr\u0131ca ekledik. (793,08 $).<\/span><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-195783 size-full\" src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/sites\/5\/2024\/09\/1725871456-1724270766-ast-swap-uniswap.png\" alt=\"Otomatik Piyasa Yap\u0131c\u0131 (AMM) Nas\u0131l \u00c7al\u0131\u015f\u0131r?\" width=\"686\" height=\"631\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084416\/1725871456-1724270766-ast-swap-uniswap.png 686w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084416\/1725871456-1724270766-ast-swap-uniswap-300x276.png 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084416\/1725871456-1724270766-ast-swap-uniswap-450x414.png 450w\" sizes=\"auto, (max-width: 686px) 100vw, 686px\"><\/p><p><span style=\"font-weight: 400\">B\u00fcy\u00fck bir swap, token ba\u015f\u0131na olan fiyat\u0131 art\u0131r\u0131r. ETH ile 100.000 token takas\u0131 yapman\u0131n \u00f6rne\u011fine g\u00f6z atal\u0131m. Maliyetin 10.000 token takas\u0131ndan on kat daha y\u00fcksek olmas\u0131n\u0131 beklemek olas\u0131 bir durumdur. Ancak bu, her zaman b\u00f6yle de\u011fildir.<\/span><\/p><p><span style=\"font-weight: 400\">Otomatik piyasa yap\u0131c\u0131 (AMM) nedir, sorusunun cevab\u0131n\u0131 bu ba\u011flamda anlamak \u00f6nemlidir. Her bir token i\u00e7in daha fazla \u00f6deme yapman\u0131z muhtemeldir. \u00d6rnekte g\u00f6sterildi\u011fi gibi ikinci swap g\u00f6rselindeki toplam takas maliyeti 8.727,70 dolard\u0131r.<\/span><\/p><p><span style=\"font-weight: 400\">\u0130lk swap g\u00f6rselindeki orijinal takas de\u011ferinin on kat\u0131 7.930,80 dolard\u0131r. Buna ba\u011fl\u0131 olarak, daha b\u00fcy\u00fck bir takas 796,90 dolar veya token ba\u015f\u0131na 0,007969 dolar ek maliyet getirir.<\/span><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-195784 size-full lazyload\" src=\"https:\/\/cimg.co\/p\/no_image.svg\" alt=\"Otomatik Piyasa Yap\u0131c\u0131 (AMM) Nedir\" width=\"651\" height=\"633\" sizes=\"auto, (max-width: 651px) 100vw, 651px\" data-src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/sites\/5\/2024\/09\/1725871501-1724270850-ast-swap-uniswap-100k.png\" data-srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084501\/1725871501-1724270850-ast-swap-uniswap-100k.png 651w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084501\/1725871501-1724270850-ast-swap-uniswap-100k-300x292.png 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084501\/1725871501-1724270850-ast-swap-uniswap-100k-450x438.png 450w\"><\/p><p><span style=\"font-weight: 400\">AMM\u2019lerin \u00e7o\u011fu, herhangi bir fiyatta likidite sa\u011flamaya y\u00f6nelik olarak tasarlanm\u0131\u015ft\u0131r. Fiyat\u0131 be\u011fenmeyebilirsiniz, bu gayet normaldir. Ancak gerekti\u011finde takas\u0131 ger\u00e7ekle\u015ftirebilirsiniz.<\/span><\/p><p><span style=\"font-weight: 400\">Uniswap V3 gibi likidite sa\u011flay\u0131c\u0131lar baz\u0131 yenilikler ortaya \u00e7\u0131kard\u0131. Bu havuza sa\u011flad\u0131klar\u0131 tokenler i\u00e7in fiyat aral\u0131\u011f\u0131n\u0131 s\u0131n\u0131rlamalar\u0131na olanak tan\u0131r. Fiyat, belirlenen aral\u0131\u011f\u0131n d\u0131\u015f\u0131nda oldu\u011funda havuzun fiyat s\u0131n\u0131rl\u0131 k\u0131sm\u0131 pasif kal\u0131r.<\/span><\/p><h2><b>AMM Form\u00fcl\u00fc: Fiyatlar Nas\u0131l Belirlenir<\/b><\/h2><p><span class=\"replacer\"><\/span><br>\n<span style=\"font-weight: 400\">AMM\u2019nin di\u011fer form\u00fcllerini daha sonra tart\u0131\u015faca\u011f\u0131z. Temel bir anlay\u0131\u015f kazanmak i\u00e7in Uniswap taraf\u0131ndan kullan\u0131lan sabit \u00fcr\u00fcn form\u00fcl\u00fcn\u00fc kullanabiliriz. Uniswap\u2019\u0131n a\u00e7\u0131k ara en b\u00fcy\u00fck DEX oldu\u011fu kan\u0131s\u0131na vard\u0131k.<\/span><\/p><p><span style=\"font-weight: 400\">T\u00fcm versiyonlar\u0131 da ne yaz\u0131k ki (V1, V2, V3) a\u00e7\u0131k kaynak koda sahiptir. Sonu\u00e7 olarak, Uniswap\u2019\u0131n kodunu (sabit \u00fcr\u00fcn form\u00fcl\u00fc de dahil olmak \u00fczere) kullanan say\u0131s\u0131z klon vard\u0131r.<\/span><\/p><p><span style=\"font-weight: 400\">Temelinde sabit \u00fcr\u00fcn form\u00fcl\u00fc, havuzun dengeli bir de\u011ferini korumaya \u00e7al\u0131\u015f\u0131r. Bunu a\u015fa\u011f\u0131daki form\u00fcl\u00fc kullanarak yapar:<\/span><\/p><ul>\n<li style=\"font-weight: 400\"><strong>X * Y = K<\/strong><\/li>\n<\/ul><p><span style=\"font-weight: 400\">Nas\u0131l uygulan\u0131r? Otomatik piyasa yap\u0131c\u0131 nedir konusuna \u00f6rnek olarak ne verebiliriz? X Token ve Y Token ile bir havuza bakal\u0131m.<\/span><\/p><ul>\n<li><span style=\"font-weight: 400\"><strong>X<\/strong> = Varl\u0131k X\u2019in Miktar\u0131<\/span><\/li>\n<li><span style=\"font-weight: 400\"><strong>Y<\/strong> = Varl\u0131k Y\u2019in Miktar\u0131<\/span><\/li>\n<li><span style=\"font-weight: 400\"><strong>K<\/strong> = Sabit (Varl\u0131k X\u2019in Miktar\u0131 * Varl\u0131k Y\u2019in Miktar\u0131)<\/span><\/li>\n<\/ul><p><span style=\"font-weight: 400\">Arka planda bu i\u015flemin nas\u0131l i\u015fledi\u011fini g\u00f6relim. Sabit \u00fcr\u00fcn AMM, Token Y ile sat\u0131n al\u0131nd\u0131\u011f\u0131nda ne kadar Token X sa\u011flanaca\u011f\u0131n\u0131 belirler. Bunun i\u00e7in g\u00f6sterdi\u011fimiz form\u00fcl\u00fc kullan\u0131r.<\/span><\/p><p><span style=\"font-weight: 400\">Dolar de\u011feri gibi ger\u00e7ek d\u00fcnya fiyatlar\u0131ndan da bahsetmemiz gerekir. Bu hesaplama, d\u0131\u015fsal bir hesaplamad\u0131r. AMM, dolar de\u011ferini hi\u00e7bir zaman dikkate almaz. Sadece takas\u0131n her iki taraf\u0131 i\u00e7in token say\u0131s\u0131n\u0131 belirler.<\/span><\/p><p><span style=\"font-weight: 400\">Birisi havuza b\u00fcy\u00fck miktarda Token X satt\u0131\u011f\u0131nda, Token X, Token Y\u2019ye g\u00f6re daha ucuz hale gelir. Ayn\u0131 durum piyasan\u0131n Token X\u2019i satmas\u0131 durumunda da ge\u00e7erlidir. Token X, havuzu dengede tutmak i\u00e7in Token Y\u2019ye g\u00f6re de\u011fer kaybeder.<\/span><\/p><p><span style=\"font-weight: 400\">Uniswap ayr\u0131ca \u201ctikler\u201d kullan\u0131r. Peki otomatik piyasa yap\u0131c\u0131 (AMM) nedir? Bunlar\u0131 d\u00f6viz kuru dilimleri olarak d\u00fc\u015f\u00fcnebilirsiniz. D\u00f6viz kuru her tikte de\u011fi\u015fir. Kur, takas\u0131n havuz \u00fczerindeki etkisine ba\u011fl\u0131 olarak yukar\u0131 veya a\u015fa\u011f\u0131 hareket edebilir.<\/span><\/p><h3><b>Likidite Sa\u011flay\u0131c\u0131lar\u0131n Rol\u00fc<\/b><\/h3><p><span style=\"font-weight: 400\"><a href=\"https:\/\/cryptonews.com\/tr\/kripto-para\/en-iyi-kripto-likidite-saglayicilari\/\">En iyi kripto likidite sa\u011flay\u0131c\u0131lar\u0131<\/a> geni\u015f bir terimi kapsar. Bunlar\u0131n aras\u0131nda kripto \u00f6d\u00fcn\u00e7 verenler ve ba\u015flang\u0131\u00e7 projeleri i\u00e7in kurumsal likidite sa\u011flayanlar bulunur.<\/span><\/p><p><span style=\"font-weight: 400\">\u0130kinci olarak DEX sa\u011flay\u0131c\u0131lar\u0131ndan da bahsedebiliriz. S<\/span><span style=\"font-weight: 400\">onuncusu, <\/span><a href=\"https:\/\/cryptonews.com\/tr\/kripto-para\/likidite-havuzu-nedir-defi-guncel-kaynak\/\"><span style=\"font-weight: 400\">likidite havuzu<\/span><\/a><span style=\"font-weight: 400\"> ile token yat\u0131rarak getiri elde etmek isteyen herkes olabilir.<\/span><\/p><p><span style=\"font-weight: 400\">Te\u015fvik olarak DEX, likidite havuzundaki swap i\u015flemlerinin \u00fccretlerini \u00f6der. Genellikle \u00f6deme yakla\u015f\u0131k %0,25 oran\u0131ndad\u0131r. Bu \u00fccret, havuzu swap yapmak i\u00e7in kullanan ki\u015filer taraf\u0131ndan \u00f6denir.<\/span><\/p><h3><b>Ge\u00e7ici Kay\u0131p ve Riskler<\/b><\/h3><p><span style=\"font-weight: 400\">Otomatik piyasa yap\u0131c\u0131 (AMM) nedir, sorusunu anlamak i\u00e7in <a href=\"https:\/\/cryptonews.com\/tr\/kripto-para\/kriptoda-gecici-kayip-nedir-detayli-inceleme\/\">ge\u00e7ici kay\u0131p<\/a> ve riskler konusuna da de\u011finmeliyiz.<\/span><\/p><p><span style=\"font-weight: 400\">Ge\u00e7ici kay\u0131p, likidite havuzuna token yat\u0131rd\u0131\u011f\u0131n\u0131zda ortaya \u00e7\u0131kar. Bu olay tokenlerin de\u011ferindeki fark\u0131 ifade eder. \u00d6rne\u011fin, mevcut havuzdaki d\u00f6viz kuru baz\u0131nda 100 Token X ve 200 Token Y yat\u0131rd\u0131\u011f\u0131n\u0131z\u0131 varsayal\u0131m.<\/span><\/p><p><span style=\"font-weight: 400\">Yat\u0131r\u0131m ile ba\u015flang\u0131\u00e7 \u200b\u200bde\u011ferine sahip olursunuz. Yat\u0131r\u0131mc\u0131lar zamanla havuza kar\u015f\u0131 al\u0131m sat\u0131m yapmaya ba\u015flayacaklar. Beraberinde yat\u0131rd\u0131\u011f\u0131n\u0131z miktara g\u00f6re bir tokenin daha az\u0131 ve di\u011ferinin daha fazlas\u0131 olacakt\u0131r.<\/span><\/p><p><span style=\"font-weight: 400\">Token de\u011ferleri farkl\u0131la\u015ft\u0131k\u00e7a ge\u00e7ici kay\u0131p ya\u015fayabilirsiniz. Bu gayet normal bir durumdur. Hep birlikte nas\u0131l \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131 inceleyelim. Takaslar nedeniyle art\u0131k 2&#8217;ye 1 oran\u0131na sahip olamayacaks\u0131n\u0131z.<\/span><\/p><p><span style=\"font-weight: 400\">Kalan tokenler, 100 Token X ve 200 Token Y&#8217;yi tutmu\u015f olsayd\u0131n\u0131z sahip olaca\u011f\u0131n\u0131z de\u011ferden daha d\u00fc\u015f\u00fck olacakt\u0131r. Bu de\u011fer fark\u0131, ge\u00e7ici kay\u0131p olarak adland\u0131r\u0131l\u0131r.<\/span><\/p><p><span style=\"font-weight: 400\">\u00d6nceki b\u00f6l\u00fcmde bahsedilen ticaret \u00fccretleri, bu kayb\u0131 telafi etmeye yard\u0131mc\u0131 olur. Ayr\u0131ca likidite sa\u011flamay\u0131, elde tutmaktan \u00e7ok daha k\u00e2rl\u0131 hale getirebilir.<\/span><\/p><h2><b>Ba\u015fl\u0131ca AMM T\u00fcrleri (\u00d6rneklerle)<\/b><\/h2><p><span class=\"replacer\"><\/span><br>\n<span style=\"font-weight: 400\">Sabit \u00fcr\u00fcn form\u00fcl\u00fc hala en yayg\u0131n AMM t\u00fcr\u00fcd\u00fcr. Ancak her biri farkl\u0131 bir kullan\u0131m durumu veya avantaja sahip olabilen di\u011fer t\u00fcrler de vard\u0131r. Otomatik piyasa yap\u0131c\u0131 nedir, sorusu, bu t\u00fcrlerin \u00e7al\u0131\u015fma prensiplerini anlamada kritik bir rol oynar.<\/span><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-195785 size-full lazyload\" src=\"https:\/\/cimg.co\/p\/no_image.svg\" alt=\"Ba\u015fl\u0131ca AMM T\u00fcrleri (\u00d6rneklerle)\" width=\"1200\" height=\"397\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" data-src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/sites\/5\/2024\/09\/1725871735-1724271302-how-uniswap-works.png\" data-srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084855\/1725871735-1724271302-how-uniswap-works.png 1200w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084855\/1725871735-1724271302-how-uniswap-works-300x99.png 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084855\/1725871735-1724271302-how-uniswap-works-1024x339.png 1024w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084855\/1725871735-1724271302-how-uniswap-works-768x254.png 768w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09084855\/1725871735-1724271302-how-uniswap-works-450x149.png 450w\"><\/p><p><span style=\"font-weight: 400\">Uniswap taraf\u0131ndan kullan\u0131lan sabit \u00e7arpan form\u00fcl\u00fcne ek olarak ba\u015fka stratejiler de vard\u0131r. Bunlar aras\u0131nda sabit toplam form\u00fcl\u00fc ve hibritler bulunur. Ayr\u0131ca g\u00fcvenilir sa\u011flay\u0131c\u0131lardan fiyat verilerini alan dinamik AMM&#8217;ler de kullan\u0131l\u0131r.<\/span><\/p><h3><b>1) Sabit \u00dcr\u00fcn Otomatik Piyasa Yap\u0131c\u0131 (AMM)<\/b><\/h3><p><span style=\"font-weight: 400\">Sabit \u00fcr\u00fcn otomatik piyasa yap\u0131c\u0131 (AMM) nedir? Bu AMM\u2019ler, havuzu dengelemek i\u00e7in \u00f6nceki b\u00f6l\u00fcmlerde tart\u0131\u015ft\u0131\u011f\u0131m\u0131z basit bir form\u00fcl kullan\u0131r.<\/span><\/p><ul>\n<li><strong>X * Y = K<\/strong><\/li>\n<\/ul><p><span style=\"font-weight: 400\">Sabit \u00fcr\u00fcn form\u00fcl\u00fcnde X, Token X\u2019in miktar\u0131n\u0131 temsil eder. Y Token Y\u2019nin miktar\u0131n\u0131 temsil eder. Birisi Token X\u2019i Token Y ile takas ederse, Token X\u2019in de\u011feri Token Y\u2019ye g\u00f6re d\u00fc\u015fer. Yani bu \u015fekilde d\u00f6viz kuru ayarlan\u0131r.<\/span><span style=\"font-weight: 400\"><div class=\"su-note\" style=\"border-color:#e0d5e5;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#faefff;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<h4><b>\u00d6rnek: Uniswap<\/b><\/h4>\n<p><span style=\"font-weight: 400\">Uniswap&#8217;ta <a href=\"https:\/\/docs.uniswap.org\/contracts\/v2\/concepts\/protocol-overview\/how-uniswap-works\" target=\"_blank\" rel=\"noopener\">sabit \u00fcr\u00fcn form\u00fcl\u00fcn\u00fcn nas\u0131l \u00e7al\u0131\u015ft\u0131\u011f\u0131na<\/a> bakal\u0131m. Bu \u00f6rnekte havuz 100 Token A ve 50 Token B ile ba\u015flar.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">100 * 50 = 5.000<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Bu \u00f6rnekte sabit \u00fcr\u00fcn (K) 5.000\u2019dir.<\/span><span style=\"font-weight: 400\">\u015eimdi birisinin havuzdan 20 Token A sat\u0131n almak istedi\u011fini varsayal\u0131m. Sabit \u00fcr\u00fcn ayn\u0131 kalmal\u0131d\u0131r. Bu y\u00fczden matematik \u015f\u00f6yle g\u00f6r\u00fcn\u00fcr:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><strong>100 \u2013 20 = 80<\/strong> (20 Token A Sat\u0131n Al)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><strong>5.000 \/ 80 = 62,5<\/strong> (Sabit \u00fcr\u00fcn form\u00fcl\u00fcn\u00fc uygula)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><strong>62,5 \u2013 50 = 12,5<\/strong> (Token B\u2019deki Maliyet)<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-195786 size-full lazyload\" src=\"https:\/\/cimg.co\/p\/no_image.svg\" alt=\"Sabit \u00dcr\u00fcn Otomatik Piyasa Yap\u0131c\u0131 (AMM)\" width=\"632\" height=\"488\" sizes=\"auto, (max-width: 632px) 100vw, 632px\" data-src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/sites\/5\/2024\/09\/1725871993-1724271472-constant-product-amm-example.png\" data-srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085313\/1725871993-1724271472-constant-product-amm-example.png 632w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085313\/1725871993-1724271472-constant-product-amm-example-300x232.png 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085313\/1725871993-1724271472-constant-product-amm-example-450x347.png 450w\"><\/p>\n<p><span style=\"font-weight: 400\">Ba\u015flang\u0131\u00e7ta havuz 2:1 oran\u0131na sahiptir. Ancak takas, 20 Token A sat\u0131n almak i\u00e7in 12,5 Token B gerektirir. Art\u0131k gerekli miktar 10 Token B de\u011fildir.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ba\u015flang\u0131\u00e7 oran\u0131 da bunu \u00f6nerir.<\/span><span style=\"font-weight: 400\">Kullan\u0131c\u0131lar\u0131n d\u00fc\u015f\u00fcnmesi gereken \u00fccretler de vard\u0131r. Bu \u00fccretler de denkleme biraz karma\u015f\u0131kl\u0131k katar. Ancak bahsetti\u011fimiz \u00f6rnek, bu duruma basit bir a\u00e7\u0131klama sunar.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><\/span><\/p><\/div><\/div><\/span><\/p><h3><b>2) Sabit Toplam Otomatik Piyasa Yap\u0131c\u0131 (AMM)<\/b><\/h3><p><span style=\"font-weight: 400\">Sabit toplam form\u00fcl\u00fc benzer \u015fekilde \u00e7al\u0131\u015f\u0131r. Ancak sabit bir de\u011fer olu\u015fturmak i\u00e7in \u00e7arpma yerine toplama kullan\u0131r. Bu da otomatik piyasa yap\u0131c\u0131 (AMM) nedir sorusuna farkl\u0131 bir yakla\u015f\u0131m getirir.<\/span><\/p><ul>\n<li><strong>X + Y = C<\/strong><\/li>\n<\/ul><p><span style=\"font-weight: 400\">Bu durumda havuzda 100 Token X ve 50 Token Y bulunuyorsa, C 150 olur.<\/span><span style=\"font-weight: 400\">Form\u00fcl benzer de\u011ferdeki varl\u0131klarla \u00e7al\u0131\u015fabilir. Ancak de\u011feri farkl\u0131la\u015fan varl\u0131klar i\u00e7in bu bir felaket olabilir. Bu durumda havuzun bir taraf\u0131 h\u0131zla t\u00fckenir.<\/span><\/p><p><span style=\"font-weight: 400\">Sabit \u00fcr\u00fcn AMM\u2019si her fiyatta likidite sa\u011flayabilir. Ancak sabit toplam AMM, bir token\u0131 h\u0131zla bir \u015fekilde sat\u0131p t\u00fcketebilir.<\/span><\/p><p><span style=\"font-weight: 400\">Sonsuz arz eksikli\u011fi nedeniyle, sabit toplam AMM\u2019ler her durumda kullan\u0131\u015fl\u0131 olmayabilir. Ba\u011f\u0131ms\u0131z bir form\u00fcl olarak, \u00e7o\u011fu merkeziyetsiz finans (DeFi) uygulamas\u0131 i\u00e7in uygun de\u011fildir.<\/span><\/p><h3><b>3) Hibrit Otomatik Piyasa Yap\u0131c\u0131 (AMM)<\/b><\/h3><p><span style=\"font-weight: 400\">Hibrit otomatik piyasa yap\u0131c\u0131lar, iki form\u00fcl\u00fc birle\u015ftirir. \u00d6rnek olarak Curve Finance, sabit \u00e7arpan form\u00fcl\u00fcn\u00fc ve sabit toplam form\u00fcl\u00fcn\u00fc birle\u015ftirir.<\/span><\/p><p><span style=\"font-weight: 400\"><div class=\"su-note\" style=\"border-color:#e0d5e5;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#faefff;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<h4><b>\u00d6rnek: Curve Finance<\/b><\/h4>\n<p><span style=\"font-weight: 400\">Curve Finance&#8217;in StableSwap algoritmas\u0131, bir otomatik piyasa yap\u0131c\u0131 (AMM) nedir ve ne i\u015flev g\u00f6r\u00fcr sorular\u0131na cevap verir. Ayr\u0131ca stablecoin takaslar\u0131 i\u00e7in optimize edilmi\u015ftir. Bir stablecoin olan DEX, Curve Finance gibi benzer de\u011fere sahip tokenler i\u00e7in takaslar sunar.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u00d6rnekler aras\u0131nda, her ikisi de ABD dolar\u0131 de\u011ferine sabitlenmi\u015f olan USDC ve DAI bulunur. Hibrit form\u00fcl, Curve\u2019in ge\u00e7ici kayb\u0131 azaltmas\u0131na yard\u0131mc\u0131 olur ve likidite sa\u011flamas\u0131na olanak tan\u0131r.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/docs.curve.fi\/references\/whitepapers\/stableswap\/\">Curve&#8217;in StableSwap AMM algoritmas\u0131<\/a>, <strong>X * Y = K<\/strong> <em>ve<\/em> <strong>X + Y = C\u2019yi<\/strong> birle\u015ftirir. Bu strateji, havuzlar dengeli oldu\u011funda sabit fiyatlama sa\u011flar. Ancak havuz dengesiz hale geldi\u011finde takaslar\u0131 cayd\u0131r\u0131r.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-195787 size-full lazyload\" src=\"https:\/\/cimg.co\/p\/no_image.svg\" alt=\"Hibrit Otomatik Piyasa Yap\u0131c\u0131 (AMM)\" width=\"1200\" height=\"737\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" data-src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/sites\/5\/2024\/09\/1725872169-1724271676-curve-stableswap-amm.png\" data-srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085610\/1725872169-1724271676-curve-stableswap-amm.png 1200w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085610\/1725872169-1724271676-curve-stableswap-amm-300x184.png 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085610\/1725872169-1724271676-curve-stableswap-amm-1024x629.png 1024w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085610\/1725872169-1724271676-curve-stableswap-amm-768x472.png 768w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085610\/1725872169-1724271676-curve-stableswap-amm-450x276.png 450w\"><\/p>\n<p><span style=\"font-weight: 400\">Curve&#8217;nin StableSwap&#8217;\u0131, sabit \u00e7arpan form\u00fcl\u00fcn\u00fc ve sabit toplam form\u00fcl\u00fcn\u00fc birle\u015ftirir. Bu y\u00fczden matematik, Uniswap&#8217;\u0131n AMM&#8217;sine k\u0131yasla \u00e7ok daha karma\u015f\u0131k hale gelir.<\/span><\/p>\n<p><span style=\"font-weight: 400\">StableSwap bu durumda havuzdaki token arz\u0131na uyum sa\u011flar. \u0130ki form\u00fcl\u00fc birle\u015ftirerek likidite sa\u011flar. Hem de havuzun bir taraf\u0131 a\u011f\u0131rla\u015ft\u0131\u011f\u0131nda dengeli havuzlar\u0131 te\u015fvik eder.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><\/span><\/p><\/div><\/div><\/span><\/p><h3><b>4) Dinamik Otomatik Piyasa Yap\u0131c\u0131 (AMM)<\/b><\/h3><p><span style=\"font-weight: 400\">Dinamik bir otomatik piyasa yap\u0131c\u0131 (AMM) nedir? Bu AMM\u2019ler, token fiyatlar\u0131n\u0131 sa\u011flamak i\u00e7in oracles kullan\u0131r.<\/span><span style=\"font-weight: 400\">Oracles, d\u0131\u015f d\u00fcnyadan veri getiren g\u00fcvenilir sa\u011flay\u0131c\u0131lara verilen add\u0131r. \u00d6nemli bir yeri olan <\/span><span style=\"font-weight: 400\">oracle<\/span><span style=\"font-weight: 400\">, sabit \u00fcr\u00fcn form\u00fcl\u00fc gibi daha basit AMM stratejileri kullan\u0131r. Fiyatlar\u0131 piyasa fiyatlar\u0131yla hizalamak i\u00e7in arbitraj yap\u0131c\u0131lara g\u00fcvenir.<\/span><\/p><p><span style=\"font-weight: 400\">Bir ETH\/USDC havuzu, ETH\u2019yi mevcut USD fiyat\u0131n\u0131n alt\u0131nda fiyatland\u0131rabilir. Bir bot veya yat\u0131r\u0131mc\u0131n\u0131n ETH\u2019yi havuzdan sat\u0131n alaca\u011f\u0131n\u0131 g\u00f6receksiniz. Tabii, AMM ayarlamas\u0131, piyasa fiyat\u0131na ula\u015fana kadar bu i\u015flemi s\u00fcrd\u00fcrece\u011fi kesindir.<\/span><\/p><p><span style=\"font-weight: 400\">Dinamik AMM\u2019ler, havuz fiyat\u0131n\u0131 olabildi\u011fince piyasa fiyat\u0131yla uyumlu tutmaya \u00e7al\u0131\u015f\u0131rlar. Bu durum, arbitraj ihtiyac\u0131n\u0131 azalt\u0131r.<\/span><\/p><p><span style=\"font-weight: 400\"><div class=\"su-note\" style=\"border-color:#e0d5e5;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#faefff;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<h4><b>\u00d6rnek<\/b><b>: DODO<\/b><\/h4>\n<p><span style=\"font-weight: 400\">DODO DeFi projesi, <a href=\"https:\/\/whitepaper.io\/document\/715\/dodo-whitepaper\">Proaktif Piyasa Yap\u0131c\u0131 (PMM)<\/a> algoritmas\u0131n\u0131 kullan\u0131r. \u00d6zetle PMM algoritmas\u0131, fiyat oracle fiyat\u0131ndan uzakla\u015ft\u0131k\u00e7a mevcut token say\u0131s\u0131n\u0131 azalt\u0131r.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-195788 size-full lazyload\" src=\"https:\/\/cimg.co\/p\/no_image.svg\" alt=\"dodo\" width=\"945\" height=\"485\" sizes=\"auto, (max-width: 945px) 100vw, 945px\" data-src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/sites\/5\/2024\/09\/1725872243-1724271819-dodo-price-curve.png\" data-srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085723\/1725872243-1724271819-dodo-price-curve.png 945w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085723\/1725872243-1724271819-dodo-price-curve-300x154.png 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085723\/1725872243-1724271819-dodo-price-curve-768x394.png 768w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/5\/2024\/09\/09085723\/1725872243-1724271819-dodo-price-curve-450x231.png 450w\"><\/p>\n<p><span style=\"font-weight: 400\">DODO&#8217;nun e\u011frisi Uniswap e\u011frisi ile kar\u015f\u0131la\u015ft\u0131r\u0131ld\u0131\u011f\u0131nda DODO&#8217;nun piyasa fiyatlar\u0131n\u0131 nas\u0131l dikkate ald\u0131\u011f\u0131n\u0131 g\u00f6sterir. Fiyat, her varl\u0131k i\u00e7in oracle fiyat\u0131na g\u00f6re ayarlan\u0131r. Dinamik AMM&#8217;ler ge\u00e7ici kay\u0131ptan korunma konusunda daha iyi bir koruma sa\u011flar<\/span><\/p>\n<p><span style=\"font-weight: 400\"><\/span><\/p><\/div><\/div><\/span><\/p><h2><b>AMM Kullanman\u0131n Avantajlar\u0131<\/b><\/h2><p><span class=\"replacer\"><\/span><br>\n<span style=\"font-weight: 400\">AMM\u2019lerin ba\u015fl\u0131ca avantajlar\u0131ndan biri i\u015flemleri bir arac\u0131ya ihtiya\u00e7 duymadan ger\u00e7ekle\u015ftirme yetene\u011fidir.<\/span><span style=\"font-weight: 400\">Otomotik piyasa yap\u0131s\u0131s\u0131n\u0131n bir di\u011fer avantaj\u0131 ise izinsiz i\u015flemleri m\u00fcmk\u00fcn k\u0131lmalar\u0131d\u0131r. Otomatik piyasa yap\u0131c\u0131 (AMM) nedir, sorusuna bu avantajla net bir yan\u0131t verilebilir.<\/span><\/p><p><span style=\"font-weight: 400\">Uyumlu bir kripto c\u00fczdan\u0131n\u0131z varsa her \u015fey \u00e7ok kolayd\u0131r. C\u00fczdan\u0131n\u0131z\u0131n havuza satmak istedi\u011finiz tokenlerden biri ile finanse edilmesi gerekir. Bu \u015fekilde di\u011fer token kar\u015f\u0131l\u0131\u011f\u0131nda kolayca token satabilirsiniz.<\/span><\/p><p><span style=\"font-weight: 400\">Likidite sa\u011flay\u0131c\u0131lar\u0131n\u0131n her iki tokene de ihtiyac\u0131 olabilir. Ancak yat\u0131r\u0131m i\u015flemi yine de izin gerektirmez. Bir broker ile \u00e7al\u0131\u015fman\u0131za gerek yoktur ve herkes kat\u0131labilir.<\/span><\/p><h3><b>Tamamen Merkeziyetsiz<\/b><\/h3><p><span style=\"font-weight: 400\">AMM\u2019lerin en bariz avantaj\u0131, izinsiz i\u015flemleri m\u00fcmk\u00fcn k\u0131lmalar\u0131d\u0131r. Token A\u2019y\u0131 Token B ile takas etmek i\u00e7in merkezi bir borsa kullanman\u0131za gerek yoktur. Bunun yerine tokenleri bir likidite havuzu arac\u0131l\u0131\u011f\u0131yla takas edebilirsiniz.<\/span><\/p><p><span style=\"font-weight: 400\">Uyumlu bir kripto c\u00fczdan\u0131na ve takas edecek tokenlere sahip olan herkes takas yapabilir. ETH\u2019yi USDC ile takas yapmak istedi\u011finiz durum \u00f6rne\u011fine g\u00f6z atal\u0131m.<\/span><span style=\"font-weight: 400\">ETH, ABD dolar\u0131n\u0131n de\u011ferine sabitlenmi\u015f pop\u00fcler bir stablecoindir. Coinbase veya benzeri merkezi bir borsa kullanmadan takas\u0131 ger\u00e7ekle\u015ftirebilirsiniz.<\/span><\/p><p><span style=\"font-weight: 400\">Takas maliyetiniz b\u00fcy\u00fck \u00f6l\u00e7\u00fcde k\u00fc\u00e7\u00fck i\u015flemler i\u00e7in gaz \u00fccretleri ile s\u0131n\u0131rl\u0131d\u0131r. Ancak daha b\u00fcy\u00fck i\u015flemler yapt\u0131\u011f\u0131n\u0131zda farkl\u0131l\u0131klar olacakt\u0131r. Veya daha k\u00fc\u00e7\u00fck likidite havuzlar\u0131 kullan\u0131ld\u0131\u011f\u0131nda kayma oran\u0131n\u0131 da dikkate alman\u0131z gerekecektir. De\u011fer kaymas\u0131n\u0131 birazdan ayr\u0131ca tart\u0131\u015faca\u011f\u0131z.<\/span><\/p><h3><b>7\/24 Kullan\u0131labilirlik<\/b><\/h3><p><span style=\"font-weight: 400\"><a href=\"https:\/\/cryptonews.com\/tr\/kripto-para\/en-iyi-merkeziyetsiz-kripto-para-borsalari-rehberi\/\">En iyi merkeziyetsiz kripto para borsalar\u0131na<\/a> g\u00fcn\u00fcn her saati eri\u015febilirsiniz. Otomatik piyasa yap\u0131c\u0131 (AMM) nedir, sorusu burada da cevaplanm\u0131\u015f olur. \u00c7\u00fcnk\u00fc AMM&#8217;ler g\u00fcn\u00fcn her saati i\u015flem yap\u0131lmas\u0131na olanak tan\u0131r.<\/span><\/p><p><span style=\"font-weight: 400\">S\u00fcrekli i\u015flem yap\u0131lmas\u0131 \u00f6zelli\u011fi merkezi kripto borsalar\u0131 i\u00e7in de ge\u00e7erlidir. Yine de Token A\u2019y\u0131 Token B ile takas etmeniz gereken durumu d\u00fc\u015f\u00fcnelim.<\/span><\/p><p><span style=\"font-weight: 400\">Tokenlar\u0131 merkezi bir borsaya aktarmadan takas\u0131 ger\u00e7ekle\u015ftirebilirsiniz. T\u00fcm i\u015flem, MetaMask gibi bir self-custody (\u00f6z velayet) kripto c\u00fczdan\u0131 arac\u0131l\u0131\u011f\u0131yla ger\u00e7ekle\u015fir. \u00d6z velayet, kullan\u0131c\u0131lar\u0131n <\/span><a href=\"https:\/\/cryptonews.com\/tr\/academy\/kripto-para-turleri-nelerdir-detayli-inceleme\/\"><span style=\"font-weight: 400\">kripto para<\/span><\/a><span style=\"font-weight: 400\"> kontrol\u00fcn\u00fc elinde tutmalar\u0131 anlam\u0131na gelir.<\/span><\/p><h3><b>Likid Piyasalarda Azalt\u0131lm\u0131\u015f Kayma<\/b><\/h3><p><span style=\"font-weight: 400\">Likidite, kolay ve verimli bir \u015fekilde ticaret yapabilme yetene\u011fini ifade eder. Otomatik piyasa yap\u0131c\u0131 nedir sorusu, likiditenin nas\u0131l sa\u011fland\u0131\u011f\u0131n\u0131 anlamam\u0131zda \u00f6nemli rol oynar. Mevcut piyasa fiyat\u0131na yak\u0131n bir fiyatta yeterli ticaret envanteri bulundu\u011fu anlam\u0131na gelir.<\/span><\/p><p><span style=\"font-weight: 400\">Kayma, bir takas i\u015flemi ger\u00e7ekle\u015ftirdi\u011finizde bir tokenin fiyat\u0131ndaki de\u011fi\u015fiklikleri ifade eder. Likidite havuzundan daha b\u00fcy\u00fck miktarda Token A al\u0131p Token B ile \u00f6deme yapt\u0131\u011f\u0131n\u0131zda, token ba\u015f\u0131na fiyat artar.<\/span><\/p><p><span style=\"font-weight: 400\">Meydana gelen bu fiyat de\u011fi\u015fikli\u011fi, kayma olarak adland\u0131r\u0131l\u0131r. Ayr\u0131ca havuzdan \u00f6nemli miktarda token al\u0131rsan\u0131z kay\u0131p fiyat\u0131, dramatik bir \u015fekilde de\u011fi\u015febilir.<\/span><\/p><p><span style=\"font-weight: 400\">B\u00fcy\u00fck likidite havuzlar\u0131, minimum kayma ile i\u015flemler i\u00e7in yeterli likidite sa\u011flar. Uniswap\u2019teki pop\u00fcler tokenlerin birinden bahsedelim. \u00d6rne\u011fin ETH\/USDC\u2019yi bar\u0131nd\u0131ran bir havuzu d\u00fc\u015f\u00fcnelim.<\/span><\/p><p><span style=\"font-weight: 400\">Havuzun az kaymayla ticaret yapmak i\u00e7in yeterli likidite sunmas\u0131n\u0131 bekleyebilirsiniz.<\/span><\/p><h3><b>Likidite Sa\u011flay\u0131c\u0131lar \u0130\u00e7in Kazan\u00e7 F\u0131rsatlar\u0131<\/b><\/h3><p><span style=\"font-weight: 400\">Ticaret envanteri nereden geliyor? Likidite sa\u011flay\u0131c\u0131lar\u0131 bunda \u00f6nemli bir rol oynar. Herkes tokenleri yat\u0131rarak havuzlar i\u00e7in likidite sa\u011flayabilir.<\/span><\/p><p><span style=\"font-weight: 400\">Her takas i\u015flemi likidite sa\u011flay\u0131c\u0131lara bir kazan\u00e7 f\u0131rsat\u0131 sunabilir. Ancak otomatik piyasa yap\u0131c\u0131 (AMM) nedir, sorusunun yan\u0131t\u0131n\u0131 ararken dikkatli olmakta fayda vard\u0131r. Ge\u00e7ici kay\u0131p gibi riskleri de g\u00f6z \u00f6n\u00fcnde bulundurmak gerekir.<\/span><\/p><p><span style=\"font-weight: 400\">Havuzu kullanarak takas yapan ki\u015filer takas \u00fccreti \u00f6demeye devam eder. Likidite sa\u011flay\u0131c\u0131lar genellikle her i\u015flemden %0,25 oran\u0131nda bir \u00fccret kazan\u0131r. Ancak \u00fccretlerde de\u011fi\u015fim meydana gelebilir.<\/span><\/p><p><span style=\"font-weight: 400\">\u0130yi y\u00f6netildi\u011finde likidite sa\u011flamak, tokenlerin gelecekteki fiyat art\u0131\u015f\u0131 i\u00e7in \u00f6nemli bir ad\u0131md\u0131r. Kullan\u0131c\u0131lar\u0131n elinde tutmas\u0131ndan daha k\u00e2rl\u0131 olabilir. Ancak i\u00e7inde ge\u00e7ici kay\u0131p gibi riskler bulunduruyor.<\/span><\/p><p><span style=\"font-weight: 400\">Likidite y\u00f6ntemi kullanarak <\/span><a href=\"https:\/\/cryptonews.com\/tr\/academy\/kripto-staking-nedir-bilmeniz-gereken-her-sey\/\"><span style=\"font-weight: 400\">kripto staking<\/span><\/a><span style=\"font-weight: 400\"> ile pasif gelir kazananlar aman dikkat edin. Bu y\u00f6ntem, art\u0131 ve eksilere bakarak de\u011ferlendirme yapmay\u0131 gerekli k\u0131lar.<\/span><\/p><h2><b>AMM Kullanman\u0131n Dezavantajlar\u0131<\/b><\/h2><p><span class=\"replacer\"><\/span><br>\n<span style=\"font-weight: 400\">AMM&#8217;lerin arka plandaki matemati\u011fi baz\u0131 dezavantajlar getirir. Bunlar\u0131n baz\u0131lar\u0131 likidite sa\u011flay\u0131c\u0131lar\u0131n\u0131 baz\u0131lar\u0131 ise takas yapan t\u00fcccarlar\u0131 etkiler.<\/span><\/p><h3><b>Ge\u00e7ici Kay\u0131p<\/b><\/h3><p><span style=\"font-weight: 400\">Ge\u00e7ici kay\u0131p, otomatik piyasa yap\u0131c\u0131 (AMM) nedir sorusuna likidite sa\u011flay\u0131c\u0131lar\u0131 a\u00e7\u0131s\u0131ndan olumsuz bir yan\u0131t verebilir. Bu durum tokenleri elde tutmak yerine likidite havuzuna yat\u0131rd\u0131\u011f\u0131n\u0131zda ortaya \u00e7\u0131kar.<\/span><\/p><p><span style=\"font-weight: 400\">Ge\u00e7ici kay\u0131p (IL), takas yapanlardan ziyade likidite sa\u011flay\u0131c\u0131lar\u0131n\u0131 etkiler. K\u0131saca IL, tokenleri sadece tutmak yerine likidite havuzuna yat\u0131rd\u0131\u011f\u0131n\u0131zda ortaya \u00e7\u0131kar.<\/span><\/p><p><span style=\"font-weight: 400\">Sahip olaca\u011f\u0131n\u0131z de\u011fer ile kalan tokenlerin de\u011feri aras\u0131ndaki fark\u0131 ifade eder. Zamanla havuzdaki tokenlerin de\u011ferleri farkl\u0131la\u015ft\u0131k\u00e7a, ge\u00e7ici kay\u0131p olu\u015fur. Ancak takas \u00fccretleri genellikle kayb\u0131 telafi eder.<\/span><\/p><h3><b>Likidite Havuzu Kayma Riski<\/b><\/h3><p><span style=\"font-weight: 400\">DEX arac\u0131l\u0131\u011f\u0131yla ticaret yaparken, sat\u0131n ald\u0131\u011f\u0131n\u0131z tokenin fiyat\u0131 i\u015flem b\u00fcy\u00fckl\u00fc\u011f\u00fcne ba\u011fl\u0131 olarak artar. Ayn\u0131 durum satarken de ge\u00e7erlidir. Ancak i\u015flem b\u00fcy\u00fckl\u00fc\u011f\u00fc artt\u0131k\u00e7a fiyat d\u00fc\u015fer.<\/span><\/p><p><span style=\"font-weight: 400\">Yat\u0131r\u0131mc\u0131lar de\u011fer kayb\u0131n\u0131 anlamal\u0131d\u0131r. Peki <a href=\"https:\/\/cryptonews.com\/tr\/kripto-para\/kriptolarda-fiyat-kaymasi-nedir\/\">kriptolarda fiyat kaymas\u0131 (slippage)<\/a> nedir? Bu, bir ticareti tamamlarken meydana gelen fiyat de\u011fi\u015fikliklerini ifade eder. Ayr\u0131ca <\/span><a href=\"https:\/\/cryptonews.com\/tr\/kripto-para\/en-iyi-otomatik-kripto-ticaret-platformlari\/\"><span style=\"font-weight: 400\">en iyi kripto ticaret platformlar\u0131<\/span><\/a><span style=\"font-weight: 400\"> yaz\u0131m\u0131z ile bununla ilgili daha fazla bilgi edinebilirsiniz.<\/span><\/p><p><span style=\"font-weight: 400\">Arka planda AMM, havuzu dengede tutmak i\u00e7in fiyatlar\u0131 ayarlamaktad\u0131r. \u00c7o\u011fu DEX protokol\u00fc, \u00f6rne\u011fin Uniswap, takaslar i\u00e7in maksimum kayma miktar\u0131n\u0131 ayarlaman\u0131za olanak tan\u0131r.<\/span><\/p><h3><b>Front-Running Sald\u0131r\u0131lar\u0131 <\/b><\/h3><p><span style=\"font-weight: 400\">Otomatik piyasa yap\u0131c\u0131 (AMM) nedir sorusu, front-running sald\u0131r\u0131lar\u0131na da dikkat \u00e7eker. Front-running sald\u0131r\u0131lar\u0131n\u0131n AMM&#8217;lerle ilgili bir risk oldu\u011funu ortaya koyar.<\/span><\/p><p><span style=\"font-weight: 400\">Front-running sald\u0131r\u0131lar\u0131 hemen hemen her blockchain i\u015flemini etkileyebilir. Ancak genellikle b\u00fcy\u00fck DEX takaslar\u0131nda g\u00f6r\u00fcl\u00fcr. AMM&#8217;ler, havuzdaki tokenlerin dengesine g\u00f6re fiyatlar\u0131 y\u00f6netir.<\/span><\/p><p><span style=\"font-weight: 400\">Token A i\u00e7in al\u0131m bask\u0131s\u0131 fiyat\u0131n y\u00fckselmesine neden olacakt\u0131r. Geli\u015fmi\u015f botlar bu i\u015flemleri tamamlanmadan \u00f6nce front-run yapabilir. Ard\u0131ndan arka u\u00e7ta bir &#8220;sandvi\u00e7 sald\u0131r\u0131s\u0131&#8221; ile k\u00e2r edebilir. Bir \u00f6rne\u011fe hep beraber bakal\u0131m.<\/span><\/p><p><span style=\"font-weight: 400\">Birinin b\u00fcy\u00fck bir ETH takas\u0131 yapt\u0131\u011f\u0131n\u0131 varsayal\u0131m. Bu, havuzdaki ETH fiyat\u0131n\u0131n y\u00fckselmesine neden olacakt\u0131r. Bir MEV (maksimum \u00e7\u0131kar\u0131labilir de\u011fer) botu, bu i\u015flemi tamamlanmadan \u00f6nce g\u00f6rebilir.<\/span><\/p><p><span style=\"font-weight: 400\">Bot, daha y\u00fcksek bir gaz \u00fccreti teklif ederse, yat\u0131r\u0131mc\u0131n\u0131n takas\u0131ndan \u00f6nce ger\u00e7ekle\u015fen bir ETH takas\u0131 yapabilir. <\/span><span style=\"font-weight: 400\">\u00d6rnekte g\u00f6r\u00fclece\u011fi gibi yat\u0131r\u0131mc\u0131 beklenenden daha y\u00fcksek bir fiyat \u00f6deyecektir. Yat\u0131r\u0131mc\u0131n\u0131n takas i\u015flemi tamamland\u0131ktan sonra MEV botu ETH\u2019yi likidite havuzuna geri satarak k\u00e2r elde eder.<\/span><\/p><p><span style=\"font-weight: 400\">Yeterli hacimle veya yeterince b\u00fcy\u00fck i\u015flemlere kar\u015f\u0131 yap\u0131ld\u0131\u011f\u0131nda MEV front-running olduk\u00e7a k\u00e2rl\u0131 olabilir. Baz\u0131 tahminlerde b\u00fcy\u00fck kazan\u00e7 sa\u011flad\u0131\u011f\u0131 ifade ediliyor. MEV botlar\u0131, <a href=\"https:\/\/cointelegraph.com\/news\/solana-mev-sandwich-bot-profits-30-million-from-users\">2023 ba\u015flar\u0131na kadar Ethereum zincirinde 1,38 milyar dolardan fazla kazan\u00e7<\/a> elde etti.<\/span><\/p><h2><b>AMM&#8217;lerin Gelece\u011fi Nedir?<\/b><\/h2><p><span class=\"replacer\"><\/span><br>\n<span style=\"font-weight: 400\">Otomatik piyasa yap\u0131c\u0131 (AMM) nedir sorusu, AMM&#8217;lerin gelecekteki rol\u00fcn\u00fc anlamada \u00f6neme sahiptir. Bug\u00fcnk\u00fc AMM destekli merkeziyetsiz borsalar, belirli ama\u00e7lar i\u00e7in iyi \u00e7al\u0131\u015fmaktad\u0131r.<\/span><\/p><p><span style=\"font-weight: 400\">Uniswap\u2019in sabit \u00fcr\u00fcn AMM\u2019si gibi sava\u015fta test edilmi\u015f piyasa yap\u0131c\u0131lar vard\u0131r. AMM\u2019lerin gelecekte de \u00f6nemli bir rol oynamas\u0131 beklenmektedir. Ancak iki kilit alanda daha fazla geli\u015fme g\u00f6rmemiz olas\u0131d\u0131r. Bunlar, zincirler aras\u0131 takaslar ve dinamik AMM\u2019lerdir.<\/span><\/p><p><span style=\"font-weight: 400\">DODO&#8217;nun dinamik AMM\u2019si 2020\u2019de piyasaya s\u00fcr\u00fclm\u00fc\u015ft\u00fcr. Buna ra\u011fmen birka\u00e7 DEX projesi, bu yenili\u011fi takip etti. Bu t\u00fcr bir AMM&#8217;nin ge\u00e7ici kayb\u0131 azaltma yetene\u011fi, onu geli\u015fim i\u00e7in umut verici bir alan haline getiriyor.<\/span><\/p><p><span style=\"font-weight: 400\">Zincirler aras\u0131 takaslar, t\u00fcccarlar\u0131n bir zincirdeki varl\u0131klar\u0131 ba\u015fka bir zincire aktarmas\u0131na olanak sa\u011flar. Otomatik piyasa yap\u0131c\u0131 nedir sorusu ile bu karma\u015f\u0131k i\u015flemler s\u0131ras\u0131nda AMM&#8217;lerin rol\u00fcn\u00fc daha iyi anlayabiliriz. Ayr\u0131ca ayn\u0131 veya farkl\u0131 varl\u0131klarla takas etmelerini sa\u011flar.<\/span><\/p><p><span style=\"font-weight: 400\">Konuyu bir \u00f6rnek ile a\u00e7\u0131klayal\u0131m. Jumper.Fi en bilinen protokollerdendir. Solana blok zincirindeki SOL&#8217;yi Ethereum blok zincirindeki USDC ile takas etmenize olanak tan\u0131r. Jumper.Fi\u2019nin Li.Fi taraf\u0131ndan desteklendi\u011fini ayr\u0131ca belirtmekte fayda var.<\/span><\/p><p><span style=\"font-weight: 400\">Unutulmamal\u0131d\u0131r ki bu daha karma\u015f\u0131k protokoller de g\u00fcvenlik a\u00e7\u0131klar\u0131n\u0131 beraberinde getirebilir. <a href=\"https:\/\/www.coindesk.com\/business\/2024\/07\/16\/defi-protocol-lifi-struck-by-8m-exploit\/\">Li.Fi Bridge, Temmuz 2024&#8217;te 11 milyon dolarl\u0131k bir istismar<\/a> ya\u015fad\u0131.<\/span><\/p><p><span style=\"font-weight: 400\">Teknoloji geli\u015ftik\u00e7e geli\u015ftiriciler, g\u00fcvenlik sorunlar\u0131n\u0131n \u00e7\u00f6z\u00fcm\u00fcne yakla\u015ft\u0131. Yani, k\u0131sa bir s\u00fcre i\u00e7inde bu sorunlara \u00e7\u00f6z\u00fcm bulunmas\u0131 muhtemeldir. Otomatik piyasa yap\u0131c\u0131 nedir sorusunu anlamak burada \u00f6nemlidir. Bu sayede teknolojilerin ne kadar ilerledi\u011fini g\u00f6rebiliriz.<\/span><\/p><p><span style=\"font-weight: 400\">AMM&#8217;ler, geleneksel finans sa\u011flay\u0131c\u0131lar\u0131 gerektirecek i\u015flemlerin bir k\u0131sm\u0131n\u0131 destekleyebilir. Tokenla\u015ft\u0131r\u0131lm\u0131\u015f ger\u00e7ek d\u00fcnya varl\u0131klar\u0131ndan (RWA) da ayr\u0131ca bahsetmek gerekir. RWA ve merkeziyetsiz borsalar arac\u0131l\u0131\u011f\u0131 ile daha yayg\u0131n olarak ticaret yapmaya ba\u015flayabilirsiniz.<\/span><\/p><p><span style=\"font-weight: 400\">RWA, halihaz\u0131rda blok zincirlerde tokenla\u015ft\u0131rmaya ba\u015flam\u0131\u015f durumda. Geleneksel finans devleri bu i\u015flemin \u00f6nc\u00fcs\u00fc konumunda. Buna \u00f6rnek olarak <\/span><span style=\"font-weight: 400\">BlackRock\u2019\u0131n yeni kripto fonu<\/span><span style=\"font-weight: 400\"> g\u00f6sterilebilir. <a href=\"https:\/\/www.wsj.com\/livecoverage\/fed-meeting-fomc-interest-rate-decision-march-2024\/card\/blackrock-launches-first-tokenized-fund-on-ethereum-blockchain-nzDSJjH5mEijUzKO24T4\">BlackRock, Ethereum blok zincirinde tokenla\u015fm\u0131\u015f para piyasas\u0131 fonunu<\/a> aktif \u015fekilde kullanmaktad\u0131r. <\/span><\/p><h2><b>Sonu\u00e7<\/b><\/h2><p><span class=\"replacer\"><\/span><\/p><div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-[20px] text-message flex w-full flex-col items-end gap-2 break-words [.text-message+&#038;]:mt-5 overflow-x-auto whitespace-normal\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"d1f9c091-f9f6-495e-92cc-ae70575ead7b\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p><strong>Otomatik piyasa yap\u0131c\u0131 (AMM) nedir? AMM, merkeziyetsiz borsalarda fiyatlar\u0131 y\u00f6netmek i\u00e7in kullan\u0131lan bir protokold\u00fcr. Arac\u0131 olmadan token takaslar\u0131 yap\u0131lmas\u0131n\u0131 sa\u011flar. Likidite havuzlar\u0131 ve algoritmalar kullanarak token fiyatlar\u0131n\u0131 belirler ve i\u015flemleri y\u00fcr\u00fct\u00fcr.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><p><span style=\"font-weight: 400\">Otomatik piyasa yap\u0131c\u0131, merkeziyetsiz bir borsada ticaret fiyatlar\u0131n\u0131 y\u00f6netir. Bu bir protokold\u00fcr. AMM, arac\u0131 olmadan t\u00fcccarlar\u0131n takas yapmalar\u0131na olanak tan\u0131r. Ticaret yaparken birka\u00e7 algoritmik form\u00fcl kullan\u0131r. Bu form\u00fcllerin en yayg\u0131n olan\u0131, 12 blok zincirinde mevcuttur.<\/span><\/p><p><span style=\"font-weight: 400\">AMM&#8217;nin merkezinde matematiksel bir form\u00fcl bulunur. \u0130nsanlar likidite havuzuna kar\u015f\u0131 al\u0131p satarken fiyat\u0131 belirleyen etken, bu form\u00fcld\u00fcr.<\/span><\/p><p><span style=\"font-weight: 400\">Otomatik piyasa yap\u0131c\u0131lar, i\u015flem yapmak i\u00e7in arac\u0131ya ihtiya\u00e7 duymay\u0131 ortadan kald\u0131r\u0131r. E\u011fer Ethereum c\u00fczdan\u0131n\u0131zda ETH varsa, Uniswap gibi pop\u00fcler bir DEX kullanmal\u0131s\u0131n\u0131z. ETH\u2019nizi binlerce token ile bu \u015fekilde takas edebilirsiniz.<\/span><\/p><p><span style=\"font-weight: 400\">Birka\u00e7 t\u00fcr AMM vard\u0131r. Curve\u2019un stablecoinler i\u00e7in hibrit AMM\u2019si bunlardan birisidir. Ek olarak DODO\u2019nun ge\u00e7ici kay\u0131p riskini azaltan dinamik AMM\u2019si de yayg\u0131n kullan\u0131ma sahiptir.<\/span><\/p><p><span style=\"font-weight: 400\">Dinamik AMM, belirli takas t\u00fcrleri i\u00e7in \u00f6zelle\u015ftirilmi\u015f algoritmalar sa\u011flar. Ancak her birinin art\u0131lar\u0131, eksileri ve s\u0131n\u0131rlamalar\u0131 vard\u0131r. C\u00fczdan\u0131n\u0131z\u0131 ba\u011flamadan ve takas yapmadan \u00f6nce detayl\u0131 bir ara\u015ft\u0131rma yapmal\u0131s\u0131n\u0131z.<\/span><\/p><p><span style=\"font-weight: 400\">Her t\u00fcr AMM\u2019nin nas\u0131l \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131 anlamak i\u00e7in biraz zaman ay\u0131r\u0131n. Umar\u0131z sizlerin otomatik piyasa yap\u0131c\u0131 nedir sorusuna g\u00fczel bir cevap vermi\u015fizdir.<\/span><\/p><h2><b>S\u0131k\u00e7a Sorulan Sorular<\/b><\/h2><p><span class=\"replacer\"><\/span><\/p><h3><b>Kriptoda Otomatik Piyasa Yap\u0131c\u0131 nedir?<\/b><\/h3><p><span style=\"font-weight: 400\">AMM, Otomatik Piyasa Yap\u0131c\u0131 anlam\u0131na gelir. Otomatik piyasa yap\u0131c\u0131, havuzdaki tokenlerin de\u011ferini hesaplamak i\u00e7in matematiksel bir form\u00fcl kullan\u0131r. AMM, t\u00fcccarlar\u0131n bir arac\u0131 olmadan token takas yapmas\u0131na olanak tan\u0131r.<\/span><\/p><h3><b>Kriptoda AMM&#8217;lerin kullan\u0131m\u0131 g\u00fcvenli mi?<\/b><\/h3><p><span style=\"font-weight: 400\">Uniswap\u2019in sabit \u00fcr\u00fcn form\u00fcl\u00fc gibi sava\u015fta test edilmi\u015f AMM\u2019leri mevcuttur. Bu piyasa yap\u0131c\u0131 token, takas\u0131 yapmak i\u00e7in g\u00fcvenli bir yol sunar. Ancak, ticaret yapmadan \u00f6nce de\u011fer kayb\u0131 ya\u015faman\u0131z m\u00fcmk\u00fcnd\u00fcr. Ayr\u0131ca, likidite havuzuna likidite sa\u011flarken ge\u00e7ici kay\u0131p hakk\u0131nda bilgi edinmenizi \u00f6neririz.<\/span><\/p><h3><b>AMM&#8217;lerle para kazanabilir misiniz?<\/b><\/h3><p><span style=\"font-weight: 400\">Cevab\u0131m\u0131z k\u0131saca evet. Likidite sa\u011flay\u0131c\u0131lar\u0131, bir DEX havuzuna token sa\u011flarken i\u015flem \u00fccretleri kazanabilir.<\/span><\/p><h3><b>AMM&#8217;leri kullanman\u0131n ana riski nedir?<\/b><\/h3><p><span style=\"font-weight: 400\">Uniswap gibi iyi kurulmu\u015f AMM\u2019lerle ili\u015fkili ba\u015fl\u0131ca riskleri s\u0131ralayabiliriz. Bunlar ge\u00e7ici kay\u0131p ve de\u011fer kayb\u0131 etraf\u0131nda d\u00f6ner. Ge\u00e7ici kay\u0131p, havuz varl\u0131klar\u0131n\u0131n fiyatlar\u0131 farkl\u0131la\u015ft\u0131\u011f\u0131nda likidite sa\u011flay\u0131c\u0131lar\u0131n\u0131 etkiler.<\/span><span style=\"font-weight: 400\">De\u011fer kayb\u0131, bir likidite havuzunda bir varl\u0131\u011f\u0131 sat\u0131n alma veya satma bask\u0131s\u0131 demektir. Bu fiyat\u0131 de\u011fi\u015ftirdi\u011finde meydana gelir.<\/span><\/p><h3><b>AMM&#8217;lere alternatif nedir?<\/b><\/h3><p><span style=\"font-weight: 400\">DODO&#8217;nun Proaktif Piyasa Yap\u0131c\u0131 (PMM) algoritmas\u0131, en \u00e7ok g\u00f6ze \u00e7arpanlardand\u0131r. Token fiyatlar\u0131n\u0131n borsa fiyatlar\u0131n\u0131 daha yak\u0131ndan takip edecek \u015fekilde ayarlanmas\u0131na olanak sa\u011flar. Bu imkan\u0131 tan\u0131d\u0131\u011f\u0131 i\u00e7in geleneksel AMM&#8217;lere bir alternatif sunar.<\/span><\/p><p><span style=\"font-weight: 400\">Di\u011fer bir alternatif, bir merkezi borsa kullanarak al\u0131m sat\u0131m yapmakt\u0131r. Bu durumda, a\u00e7\u0131k al\u0131m ve sat\u0131m emirlerinden olu\u015fan bir emir defterine kar\u015f\u0131 i\u015flem yap\u0131yorsunuz. Kendi sabit fiyat emrinizi de olu\u015fturuyor olabilirsiniz.<\/span><\/p><h3><b>Sabit \u00dcr\u00fcn Otomatik Piyasa Yap\u0131c\u0131 Nedir? (CPMM)<\/b><\/h3><p><span style=\"font-weight: 400\">Birden fazla varl\u0131k aras\u0131nda yap\u0131lan i\u015flemleri y\u00fcr\u00fctmek i\u00e7in kullan\u0131l\u0131r. Bu AMM\u2019ler, havuzu dengelemek i\u00e7in basit bir form\u00fcl kullan\u0131r. Bu form\u00fcl \u015fu \u015fekildedir ; X * Y = K. Sabit \u00fcr\u00fcn AMM\u2019si, her fiyatta likidite sa\u011flayabilir.<\/span><\/p><h2><b>Referanslar<\/b><\/h2><p><span class=\"replacer\"><\/span><\/p><ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/docs.uniswap.org\/contracts\/v2\/concepts\/protocol-overview\/how-uniswap-works\"><span style=\"font-weight: 400\">How Uniswap works<\/span><\/a><span style=\"font-weight: 400\"> (uniswap.org)<\/span><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/docs.curve.fi\/references\/whitepapers\/stableswap\/\"><span style=\"font-weight: 400\">StableSwap \u2013 efficient mechanism for Stablecoin liquidity<\/span><\/a><span style=\"font-weight: 400\"> (curve.fi)<\/span><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/whitepaper.io\/document\/715\/dodo-whitepaper\"><span style=\"font-weight: 400\">DODO Whitepaper<\/span><\/a><span style=\"font-weight: 400\"> (whitepaper.io)<\/span><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/cointelegraph.com\/news\/solana-mev-sandwich-bot-profits-30-million-from-users\"><span style=\"font-weight: 400\">Solana sandwich bot makes $30M from MEV arbitrage in 2 months<\/span><\/a><span style=\"font-weight: 400\"> (cointelegraph.com)<\/span><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.coindesk.com\/business\/2024\/07\/16\/defi-protocol-lifi-struck-by-8m-exploit\/\"><span style=\"font-weight: 400\">Defi Protocol LI.FI Struck by $11M Exploit<\/span><\/a><span style=\"font-weight: 400\"> (coindesk.com)<\/span><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.wsj.com\/livecoverage\/fed-meeting-fomc-interest-rate-decision-march-2024\/card\/blackrock-launches-first-tokenized-fund-on-ethereum-blockchain-nzDSJjH5mEijUzKO24T4\"><span style=\"font-weight: 400\">BlackRock Launches First Tokenized Fund on Ethereum Blockchain<\/span><\/a><span style=\"font-weight: 400\"> (wsj.com)<\/span><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Yeni bir \u00e7\u00f6z\u00fcm y\u00f6ntemi olan otomatik piyasa yap\u0131c\u0131 (AMM) nedir, ne de\u011fildir? Bu yaz\u0131m\u0131zda detaylar\u0131na inerek bu konudan bahsedece\u011fiz.Geleneksel ticaret piyasalar\u0131nda piyasa yap\u0131c\u0131lar, fiyat ne olursa olsun ticaret likiditesi sa\u011flarlar. Borsa bunun en bilinen \u00f6rne\u011fidir. Bu \u015fekilde ticaretin sorunsuz bir \u015fekilde yap\u0131lmas\u0131na yard\u0131mc\u0131 olurlar.Genellikle borsa emir defterlerinde ticaretin likiditesinin kayna\u011f\u0131 bireyler veya firmalard\u0131r. Merkeziyetsiz borsa [&hellip;]<\/p>\n","protected":false},"author":412,"featured_media":199567,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"topics":[912],"class_list":["post-199566","academy","type-academy","status-publish","has-post-thumbnail","hentry","topics-kripto-yatirimi-ve-islemleri","experience-ileri-seviye","content_type-aciklama"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Otomatik Piyasa Yap\u0131c\u0131 (AMM) Nedir? Detayl\u0131 Anlat\u0131m<\/title>\n<meta name=\"description\" content=\"Otomatik Piyasa Yap\u0131c\u0131 (AMM) nedir, nas\u0131l \u00e7al\u0131\u015f\u0131r ve ne gibi avantajlar sa\u011flar? 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