An automated market maker is a smart contract on Tezos that holds on-chain liquidity reserves. Users can trade against these reserves at prices set by an automated market making formula.
The automated market making algorithm used by Plenty. See $x*y=k$.
FA1.2 is a fungible token standard on Tezos whereas FA2 is a mixed token standard allowing both fungible and non-fungible token creations on Tezos. Plenty supports approved FA1.2 and fungible FA2 tokens.
A smart contract that enables trading between 2 tokens.
A liquidity provider is someone who deposits an equivalent value of two tokens into the liquidity pool. Liquidity providers take on price risk and are compensated with fees.
The price between what users can buy and sell tokens at a given moment. In PlentySwap this is the ratio of the two token reserves.
The difference between the mid-price and the execution price of a trade.
The amount the price moves in a trading pair between when a transaction is submitted and when it is executed.
The constant product formula.