Prop AMMs can work for virtually any asset class.
Today, Solana spot routers require DEXes to expose two interfaces:
- getAmountOutGivenAmountIn [R]
- swapAmountIn [W]
A more opinionated router could instead require:
- getBestPrice [R]
- getAmountOutAtPrice [R]
- swapAmountInAtPrice [W]
In an integrated router-DEX landscape, on-chain routing looks almost identical to orderbook matching. With the right interfaces, the matching algorithms can also be asymptotically equivalent.
There is no correct solution here: different matching algorithms influence trader behavior, and liquidity dynamics emerge from the resulting microstructure.
The mechanics of matching are orthogonal to asset-specific derivative concerns (such as margin, settlement, and funding). As a result, a Prop AMM–based matching engine can serve as a general-purpose primitive, suitable for trading almost anything.

Why would going viral for something completely unrelated convert to sales for something completely different?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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