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some simple edits
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adeelhasan authored Oct 12, 2023
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Showing 1 changed file with 3 additions and 3 deletions.
6 changes: 3 additions & 3 deletions content/docs/introduction/introduction-to-markets.md
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Expand Up @@ -25,7 +25,7 @@ want to buy a wardrobe but no one is selling one, there's no liquidity. If you w
to buy it, there's liquidity but no buyers. If there's no liquidity, there's nothing to buy or sell.

On centralized exchanges, the order book is where liquidity is accumulated. If someone places a sell order, they provide
liquidity to the market. If someone places a buy order, they expected the market to have liquidity, otherwise, no trade
liquidity to the market. If someone places a buy order, they expect the market to have liquidity, otherwise, no trade
is possible.

When there's no liquidity, but markets are still interested in trades, *market makers* come into play. A market maker is
Expand Down Expand Up @@ -54,8 +54,8 @@ way. Moreover, it's decentralized and permissionless, that is:
An AMM is a set of smart contracts that define how liquidity is managed. Each trading pair (e.g. ETH/USDC) is a separate
contract that stores both ETH and USDC and that's programmed to mediate trades: exchanging ETH for USDC and vice versa.

The core idea is **pooling**: each contract is a *pool* that stores liquidity let's different users (including other
smart contract) to trade in a permissioned way. There are two roles, *liquidity providers* and traders, and these roles
The core idea is **pooling**: each contract is a *pool* that stores liquidity lets different users (including other
smart contracts) to trade in a permissioned way. There are two roles, *liquidity providers* and traders, and these roles
interact with each other through pools of liquidity, and the way they can interact with pools is programmed and immutable.

![Automated Market Maker simplified](/images/milestone_0/amm_simplified.png)
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