From 2ed50796d7a858d36bfbef882e4ff51325166289 Mon Sep 17 00:00:00 2001 From: Ivan Kuznetsov Date: Sun, 16 Oct 2022 07:55:24 +0700 Subject: [PATCH] Improve wording --- content/docs/introduction/constant-function-market-maker.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/content/docs/introduction/constant-function-market-maker.md b/content/docs/introduction/constant-function-market-maker.md index e001555b..78674981 100644 --- a/content/docs/introduction/constant-function-market-maker.md +++ b/content/docs/introduction/constant-function-market-maker.md @@ -77,8 +77,8 @@ Such prices are called *spot prices* and they only reflect current market prices is calculated differently. And this is where we need to bring the demand part back. Concluding from the law of supply and demand, **high demand increases the price**–and this is a property we need to have -in a permissionless way. We want the price be high when demand is high, and we can use pool reserves to measure the demand: -the more tokens you want to remove from a pool, the high the penalty is. +in a permissionless system. We want the price to be high when demand is high, and we can use pool reserves to measure the +demand: the more tokens you want to remove from a pool (relative to pool's reserves), the higher the impact of demand is. Let's return to the trade formula and look at it closer: