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Time-weighted automated market makers (TWAMM) are a special class of AMMs that execute orders over multiple blocks, a concept introduced by researchers at Paradigm (Dave White, Dan Robinson) and the inventor of Uniswap (Hayden Adams). traders on Ethereum efficiently execute large orders. We call it the time-weighted average market maker, or TWAMM (pronounced "tee-wham"). It works by breaking long-term orders into infinitely many infinitely small pieces and executing them against an embedded constant-product AMM smoothly over time.


Before developing TWAMMs on-chain, we built an end-to-end simulator with historic market data and arbitrage to showcase how a trade executes on TWAMMs versus a regular AMM like Uniswap V2.
You can read more details about the simulation in our blog here:


Beyond what was described in the paper, we've upgraded our version of TWAMMs to leverage PFoF, MEV re-investment, virtual order oracles, dynamic fees, granular controls, extreme gas optimizations, and a slew of other features that makes our implementation vastly superior to a standard Uniswap V2 TWAMM.
In the following sections, we delve deeper into the features, incentives, competition, and risks associated with our implementation.