{"id":9346,"date":"2025-09-12T21:15:30","date_gmt":"2025-09-12T18:15:30","guid":{"rendered":"https:\/\/academy.tokonomo.com\/%d8%ba%d9%8a%d8%b1-%d9%85%d8%b5%d9%86%d9%81\/automated-market-maker-amm-toha-definoke\/"},"modified":"2025-09-22T02:57:18","modified_gmt":"2025-09-21T23:57:18","slug":"automated-market-maker-amm-tohaka-defino","status":"publish","type":"post","link":"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/","title":{"rendered":"Automated Market Maker (AMM)\u3068\u306f\u4f55\u304b\uff1fDeFi\u53d6\u5f15\u306e\u5165\u9580\u30ac\u30a4\u30c9"},"content":{"rendered":"<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/academy.tokonomo.com\/ja\/\">Home<\/a><\/span> \u2192 <span><a href=\"https:\/\/academy.tokonomo.com\/ja\/category\/defi-2\/\">DeFi\uff08\u5206\u6563\u578b\u91d1\u878d\uff09<\/a><\/span> \u2192 <span class=\"breadcrumb_last\" aria-current=\"page\">Automated Market Maker (AMM)\u3068\u306f\u4f55\u304b\uff1fDeFi\u53d6\u5f15\u306e\u5165\u9580\u30ac\u30a4\u30c9<\/span><\/span><\/div>\n\n\n<div class=\"cnvs-block-toc cnvs-block-toc-1757695159303\" >\n\t<\/div>\n\n\n\n<h2 id=\"%e3%81%af%e3%81%98%e3%82%81%e3%81%ab\" class=\"wp-block-heading\">\u306f\u3058\u3081\u306b<\/h2>\n\n\n\n<p>\u5206\u6563\u578b\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3001\u307e\u305f\u306f <a href=\"https:\/\/academy.tokonomo.com\/defi\/what-is-defi\/\" target=\"_blank\" rel=\"noreferrer noopener\">DeFi<\/a> \u306f\u3001\u4ef2\u4ecb\u8005\u306a\u3057\u3067\u53d6\u5f15\u3001\u8cb8\u4ed8\u3001\u6295\u8cc7\u3092\u884c\u3046\u65b0\u305f\u306a\u65b9\u6cd5\u3092\u63d0\u4f9b\u3057\u3001\u6697\u53f7\u8cc7\u7523\u306e\u4e16\u754c\u3092\u5e2d\u5dfb\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u9769\u547d\u306e\u4e2d\u5fc3\u306b\u3042\u308b\u306e\u304c\u3001\u6570\u591a\u304f\u306e\u4eba\u6c17DeFi\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u652f\u3048\u308b\u753b\u671f\u7684\u306a\u6280\u8853\u3067\u3042\u308b<strong>\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09<\/strong>\u3067\u3059\u3002\u3082\u3057<em>DeFi\u3067\u306e\u53d6\u5f15<\/em>\u304c\u521d\u3081\u3066\u3067\u3001\u5f93\u6765\u306e\u53d6\u5f15\u6240\u306a\u3057\u3067\u30c8\u30fc\u30af\u30f3\u3092\u5373\u5ea7\u306b\u30b9\u30ef\u30c3\u30d7\u3067\u304d\u308b\u4ed5\u7d44\u307f\u3092\u77e5\u308a\u305f\u3044\u306a\u3089\u3001AMM\u304c\u305d\u306e\u7b54\u3048\u3067\u3059\u3002\u672c\u5165\u9580\u30ac\u30a4\u30c9\u3067\u306f\u3001<em>\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\u3068\u306f\u4f55\u304b<\/em>\u3001\u305d\u306e\u4ed5\u7d44\u307f\u3001\u305d\u3057\u3066\u306a\u305c<em><a href=\"https:\/\/academy.tokonomo.com\/defi\/what-are-decentralized-exchanges-dexs-how-do-they-work\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5206\u6563\u578b\u53d6\u5f15\u6240\uff08DEX\uff09<\/a><\/em>\u306e\u790e\u3068\u306a\u3063\u3066\u3044\u308b\u306e\u304b\u3092\u5206\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002<em>\u6d41\u52d5\u6027\u30d7\u30fc\u30eb<\/em>\u306b\u3064\u3044\u3066\u77e5\u308a\u305f\u3044\u65b9\u3084\u3001<em>AMM\u3067\u306e\u53d6\u5f15\u6226\u7565<\/em>\u3092\u5b66\u3073\u305f\u3044\u65b9\u306b\u3082\u5f79\u7acb\u3064\u5185\u5bb9\u3067\u3059\u3002<\/p>\n\n\n\n<h2 id=\"%e8%87%aa%e5%8b%95%e3%83%9e%e3%83%bc%e3%82%b1%e3%83%83%e3%83%88%e3%83%a1%e3%83%bc%e3%82%ab%e3%83%bc%ef%bc%88amm%ef%bc%89%e3%81%a8%e3%81%af%ef%bc%9f\" class=\"wp-block-heading\">\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09\u3068\u306f\uff1f<\/h2>\n\n\n\n<p>\u307e\u305a\u306f\u57fa\u672c\u304b\u3089\u3002\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09\u306f\u3001DeFi\u3067\u4f7f\u308f\u308c\u308b\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u4e00\u7a2e\u3067\u3001Binance\u3084Coinbase\u306e\u3088\u3046\u306a\u4e2d\u592e\u96c6\u6a29\u578b\u53d6\u5f15\u6240\u306b\u3042\u308b\u6ce8\u6587\u677f\uff08\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\uff09\u3092\u5fc5\u8981\u3068\u305b\u305a\u306b\u53d6\u5f15\u3092\u5b9f\u73fe\u3057\u307e\u3059\u3002\u8cb7\u3044\u624b\u3068\u58f2\u308a\u624b\u3092\u7a81\u304d\u5408\u308f\u305b\u308b\u4ee3\u308f\u308a\u306b\u3001AMM\u306f\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u3068\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u3092\u4f7f\u3063\u3066\u8cc7\u7523\u306e\u4fa1\u683c\u3092\u6c7a\u5b9a\u3057\u3001\u53d6\u5f15\u3092\u5b9f\u884c\u3057\u307e\u3059\u3002\u6642\u9593\u306b\u95a2\u4fc2\u306a\u304f\u5e38\u306b\u53d6\u5f15\u53ef\u80fd\u306a\u300c\u30ed\u30dc\u30c3\u30c8\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\u300d\u3068\u8003\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2025\/09\/What-Does-the-Future-of-DeFi-Look-Like-\u043a\u043e\u043f\u0438\u044f-2-2-1024x577.png\" alt=\"\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09\u3068\u306f\uff1f\" class=\"wp-image-9199\" srcset=\"https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2025\/09\/What-Does-the-Future-of-DeFi-Look-Like-\u043a\u043e\u043f\u0438\u044f-2-2-1024x577.png 1024w, https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2025\/09\/What-Does-the-Future-of-DeFi-Look-Like-\u043a\u043e\u043f\u0438\u044f-2-2-300x169.png 300w, https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2025\/09\/What-Does-the-Future-of-DeFi-Look-Like-\u043a\u043e\u043f\u0438\u044f-2-2-768x433.png 768w, https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2025\/09\/What-Does-the-Future-of-DeFi-Look-Like-\u043a\u043e\u043f\u0438\u044f-2-2.png 1640w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u5f93\u6765\u306e\u5e02\u5834\u3067\u306f\u6d41\u52d5\u6027\u306f\u7a4d\u6975\u7684\u306b\u53c2\u52a0\u3059\u308b\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u4f9d\u5b58\u3057\u307e\u3059\u304c\u3001AMM\u306f\u30e6\u30fc\u30b6\u30fc\u304c\u63d0\u4f9b\u3059\u308b\u30c8\u30fc\u30af\u30f3\u306e\u30d7\u30fc\u30eb\u3067\u3042\u308b<em><a href=\"https:\/\/academy.tokonomo.com\/defi\/understanding-dex-liquidity-pools-what-they-are-and-how-they-work\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6d41\u52d5\u6027\u30d7\u30fc\u30eb<\/a><\/em>\u3092\u5229\u7528\u3057\u3066\u3001\u5e38\u306b\u53d6\u5f15\u306b\u5341\u5206\u306a\u6d41\u52d5\u6027\u3092\u78ba\u4fdd\u3057\u307e\u3059\u3002Uniswap\u306e\u3088\u3046\u306a\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304c\u3053\u306e\u9769\u65b0\u3092\u727d\u5f15\u3057\u3001\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8\u63a5\u7d9a\u3068\u6697\u53f7\u30a6\u30a9\u30ec\u30c3\u30c8\u304c\u3042\u308c\u3070\u8ab0\u3067\u3082<em>DeFi\u3067\u306e\u53d6\u5f15<\/em>\u306b\u53c2\u52a0\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002DeFiLlama\u306e\u30c7\u30fc\u30bf\u306b\u3088\u308b\u3068\uff082025\u5e749\u6708\u6642\u70b9\uff09\u3001DeFi\u30d7\u30ed\u30c8\u30b3\u30eb\u306b\u7d10\u3065\u304f\u7dcf\u30ed\u30c3\u30af\u4fa1\u5024\uff08TVL\uff09\u306f1,600\u5104\u30c9\u30eb\u4ee5\u4e0a\u3067\u3001\u305d\u306e\u304b\u306a\u308a\u306e\u90e8\u5206\u304cAMM\u30d9\u30fc\u30b9\u306e<em>\u5206\u6563\u578b\u53d6\u5f15\u6240<\/em>\u3092\u652f\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 id=\"amm%e3%81%8c%e5%ad%98%e5%9c%a8%e3%81%99%e3%82%8b%e7%90%86%e7%94%b1%ef%bc%9a%e8%a7%a3%e6%b1%ba%e3%81%99%e3%82%8b%e8%aa%b2%e9%a1%8c\" class=\"wp-block-heading\">AMM\u304c\u5b58\u5728\u3059\u308b\u7406\u7531\uff1a\u89e3\u6c7a\u3059\u308b\u8ab2\u984c<\/h2>\n\n\n\n<p>AMM\u304c\u767b\u5834\u3059\u308b\u4ee5\u524d\u306f\u3001\u77e5\u540d\u5ea6\u306e\u4f4e\u3044\u30c8\u30fc\u30af\u30f3\u306e\u53d6\u5f15\u306f\u975e\u5e38\u306b\u56f0\u96e3\u3067\u3057\u305f\u3002\u4e2d\u592e\u96c6\u6a29\u578b\u53d6\u5f15\u6240\u306f\u53d6\u5f15\u91cf\u304c\u5c11\u306a\u3044\u5c0f\u898f\u6a21\u306a\u30c8\u30fc\u30af\u30f3\u3092\u4e0a\u5834\u3057\u306a\u3044\u3053\u3068\u304c\u591a\u304f\u3001\u6295\u8cc7\u5bb6\u306f\u9078\u629e\u80a2\u304c\u9650\u3089\u308c\u3066\u3044\u307e\u3057\u305f\u3002\u305f\u3068\u3048\u4e0a\u5834\u3055\u308c\u3066\u3044\u3066\u3082\u8584\u3044\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u306b\u3088\u308a\u30b9\u30ea\u30c3\u30da\u30fc\u30b8\u304c\u5927\u304d\u304f\u3001\u4e0d\u5229\u306a\u4fa1\u683c\u3067\u53d6\u5f15\u305b\u3056\u308b\u3092\u5f97\u306a\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u3053\u3053\u3067\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\u304c\u6d41\u52d5\u6027\u306e\u554f\u984c\u306b\u5bfe\u3059\u308b\u89e3\u6c7a\u7b56\u3068\u3057\u3066\u767b\u5834\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>AMM\u306f\u8ab0\u3067\u3082\u4efb\u610f\u306e\u30c8\u30fc\u30af\u30f3\u30da\u30a2\u306b\u5bfe\u3057\u3066\u5e02\u5834\u3092\u4f5c\u308c\u308b\u3088\u3046\u306b\u3059\u308b\u3053\u3068\u3067\u53d6\u5f15\u3092\u6c11\u4e3b\u5316\u3057\u307e\u3059\u3002\u30ab\u30a6\u30f3\u30bf\u30fc\u30d1\u30fc\u30c6\u30a3\uff08\u76f8\u624b\u65b9\uff09\u3092\u5fc5\u8981\u3068\u3057\u306a\u3044\u305f\u3081\u3001\u53d6\u5f15\u306e\u53cd\u5bfe\u5074\u304c\u73fe\u308c\u308b\u306e\u3092\u5f85\u3064\u5fc5\u8981\u304c\u3042\u308a\u307e\u305b\u3093\u3002\u3053\u308c\u306f<em>DeFi\u3067\u306e\u53d6\u5f15<\/em>\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u610f\u5473\u3092\u6301\u3061\u3001\u6d41\u52d5\u6027\u306e\u4f4e\u3044\u5e02\u5834\u3067\u3082\u8cc7\u7523\u306e\u30b7\u30fc\u30e0\u30ec\u30b9\u306a\u4ea4\u63db\u3092\u53ef\u80fd\u306b\u3057\u307e\u3059\u3002\u5206\u6790\u30c1\u30fc\u30e0\u306e\u6307\u6458\u3069\u304a\u308a\u3001AMM\u306f2020\u5e74\u306e\u53f0\u982d\u4ee5\u6765\u3001\u4f55\u767e\u4e07\u4eba\u3082\u306e\u30e6\u30fc\u30b6\u30fc\u3092DeFi\u306b\u53d6\u308a\u8fbc\u3080\u3046\u3048\u3067\u91cd\u8981\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h2 id=\"%e8%87%aa%e5%8b%95%e3%83%9e%e3%83%bc%e3%82%b1%e3%83%83%e3%83%88%e3%83%a1%e3%83%bc%e3%82%ab%e3%83%bc%e3%81%ae%e4%bb%95%e7%b5%84%e3%81%bf\" class=\"wp-block-heading\">\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\u306e\u4ed5\u7d44\u307f<\/h2>\n\n\n\n<p>\u300c\u306a\u305c\u300d\u3092\u8aac\u660e\u3057\u305f\u306e\u3067\u3001\u6b21\u306f\u300c\u3069\u306e\u3088\u3046\u306b\u300d\u3067\u3059\u3002AMM\u306f\u672c\u8cea\u7684\u306b\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\uff08\u4f8b\uff1aEthereum\u4e0a\u306e\u81ea\u5df1\u5b9f\u884c\u30b3\u30fc\u30c9\uff09\u306b\u3088\u3063\u3066\u52d5\u4f5c\u3057\u3001\u53d6\u5f15\u3068\u4fa1\u683c\u8a2d\u5b9a\u3092\u7ba1\u7406\u3057\u307e\u3059\u3002\u3067\u306f\u3001\u4f55\u304cAMM\u3092\u52d5\u304b\u3057\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u4e3b\u8981\u306a\u69cb\u6210\u8981\u7d20\u306b\u5206\u3051\u3066\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"%e3%82%b3%e3%82%a2%e6%a6%82%e5%bf%b5%ef%bc%9a%e6%b5%81%e5%8b%95%e6%80%a7%e3%83%97%e3%83%bc%e3%83%ab\" class=\"wp-block-heading\">\u30b3\u30a2\u6982\u5ff5\uff1a\u6d41\u52d5\u6027\u30d7\u30fc\u30eb<\/h3>\n\n\n\n<p>AMM\u306f\u30aa\u30fc\u30c0\u30fc\u30d6\u30c3\u30af\u306e\u4ee3\u308f\u308a\u306b<strong><a href=\"https:\/\/academy.tokonomo.com\/defi\/understanding-dex-liquidity-pools-what-they-are-and-how-they-work\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6d41\u52d5\u6027\u30d7\u30fc\u30eb<\/a><\/strong>\u3092\u5229\u7528\u3057\u307e\u3059\u3002\u3053\u308c\u3089\u306f\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306b\u30ed\u30c3\u30af\u3055\u308c\u305f\u4e8c\u7a2e\u985e\u4ee5\u4e0a\u306e\u30c8\u30fc\u30af\u30f3\u306e\u30d7\u30fc\u30eb\u3067\u3001\u6d41\u52d5\u6027\u63d0\u4f9b\u8005\uff08LP\uff09\u3068\u547c\u3070\u308c\u308b\u30e6\u30fc\u30b6\u30fc\u306b\u3088\u3063\u3066\u8cc7\u91d1\u304c\u4f9b\u7d66\u3055\u308c\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001Uniswap\u306e\u30d7\u30fc\u30eb\u306fETH\u3068USDC\u306e\u3088\u3046\u306a\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3067\u69cb\u6210\u3055\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u3042\u306a\u305f\u304cETH\u3092USDC\u306b\u4ea4\u63db\u3059\u308b\u3068\u304d\u3001\u76f8\u624b\u306e\u30c8\u30ec\u30fc\u30c0\u30fc\u3068\u53d6\u5f15\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u3053\u306e\u30d7\u30fc\u30eb\u3068\u3084\u308a\u53d6\u308a\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u53d6\u5f15\u3054\u3068\u306b\u30d7\u30fc\u30eb\u306e\u6b8b\u9ad8\u304c\u5909\u5316\u3057\u3001\u305d\u308c\u306b\u5fdc\u3058\u3066\u4fa1\u683c\u3082\u5909\u52d5\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u6d41\u52d5\u6027\u63d0\u4f9b\u8005\u306f\u53d6\u5f15\u624b\u6570\u6599\u306e\u4e00\u90e8\u3092\u7372\u5f97\u3057\u3001\u30c8\u30fc\u30af\u30f3\u3092\u30b9\u30c6\u30fc\u30af\u3059\u308b\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c\u4e0e\u3048\u3089\u308c\u307e\u3059\u3002\u3053\u306e\u4ed5\u7d44\u307f\u306b\u3088\u3063\u3066\u3001\u30de\u30a4\u30ca\u30fc\u306a\u30c8\u30fc\u30af\u30f3\u3067\u3042\u3063\u3066\u3082<em>AMM\u3067\u306e\u53d6\u5f15\u6226\u7565<\/em>\u306b\u5bfe\u5fdc\u3067\u304d\u308b\u3060\u3051\u306e\u6d41\u52d5\u6027\u304c\u5e38\u306b\u78ba\u4fdd\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"%e8%87%aa%e5%8b%95%e3%83%9e%e3%83%bc%e3%82%b1%e3%83%83%e3%83%88%e3%83%a1%e3%83%bc%e3%82%ab%e3%83%bc%e3%81%ae%e5%85%ac%e5%bc%8f%ef%bc%88xyk%ef%bc%89\" class=\"wp-block-heading\">\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\u306e\u516c\u5f0f\uff08x*y=k\uff09<\/h3>\n\n\n\n<p>\u3053\u3053\u304cAMM\u306e\u809d\u3067\u3059\u3002\u591a\u304f\u306eAMM\u306f\u4fa1\u683c\u6c7a\u5b9a\u306b\u6570\u5b66\u7684\u306a\u516c\u5f0f\u3092\u7528\u3044\u3066\u304a\u308a\u3001\u6700\u3082\u4e00\u822c\u7684\u306a\u306e\u304c\u5b9a\u7a4d\u5206\uff08\u30b3\u30f3\u30b9\u30bf\u30f3\u30c8\u30d7\u30ed\u30c0\u30af\u30c8\uff09\u516c\u5f0f\uff1a<strong>x*y=k<\/strong>\u3067\u3059\u3002\u3053\u306e\u65b9\u7a0b\u5f0f\u3067\u300cx\u300d\u3068\u300cy\u300d\u306f\u30d7\u30fc\u30eb\u5185\u306e\u4e8c\u3064\u306e\u30c8\u30fc\u30af\u30f3\u306e\u91cf\u3092\u8868\u3057\u3001\u300ck\u300d\u306f\u5b9a\u6570\u3067\u3059\u3002\u3053\u306e\u516c\u5f0f\u306f\u3001\u53d6\u5f15\u304c\u884c\u308f\u308c\u3066\u3082\u4e8c\u3064\u306e\u30c8\u30fc\u30af\u30f3\u91cf\u306e\u7a4d\u304c\u4e00\u5b9a\u306b\u4fdd\u305f\u308c\u308b\u3088\u3046\u306b\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u3001\u3042\u308b\u30d7\u30fc\u30eb\u306b100 ETH \u3068 200,000 USDC \u304c\u3042\u308b\u3068\u3059\u308b\u3068\u3001k = 20,000,000 \u3067\u3059\u3002\u8ab0\u304b\u304c1 ETH\u3092\u8cb7\u3046\u3068\u3001\u30d7\u30fc\u30eb\u306f\u5b9a\u6570\u300ck\u300d\u3092\u7dad\u6301\u3059\u308b\u305f\u3081\u306bUSDC\u306e\u91cf\u3092\u8abf\u6574\u3057\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u305d\u306e\u7d50\u679c\u3001\u30d7\u30fc\u30eb\u5185\u306eETH\u4f9b\u7d66\u304c\u6e1b\u308b\u305f\u3081ETH\u306e\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u307e\u3059\u3002\u3053\u306e\u4ed5\u7d44\u307f\u304c\u5206\u6563\u578b\u53d6\u5f15\u306b\u304a\u3051\u308b\u81ea\u52d5\u7684\u306a\u4fa1\u683c\u767a\u898b\u306e\u6839\u5e79\u3068\u306a\u308a\u3001\u4eba\u9593\u306e\u4ecb\u5165\u306a\u3057\u306b\u4fa1\u683c\u304c\u6c7a\u307e\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"%e6%89%8b%e6%95%b0%e6%96%99%e3%81%a8%e3%82%a4%e3%83%b3%e3%82%bb%e3%83%b3%e3%83%86%e3%82%a3%e3%83%96\" class=\"wp-block-heading\">\u624b\u6570\u6599\u3068\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6<\/h3>\n\n\n\n<p>AMM\u3067\u306e\u53d6\u5f15\u306f\u7121\u6599\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5404\u53d6\u5f15\u306b\u306f\u901a\u5e380.1\uff05\u301c0.3\uff05\u7a0b\u5ea6\u306e\u5c0f\u3055\u306a\u624b\u6570\u6599\u304c\u304b\u304b\u308a\u3001\u305d\u306e\u53ce\u76ca\u306f\u6d41\u52d5\u6027\u63d0\u4f9b\u8005\u306b\u5206\u914d\u3055\u308c\u307e\u3059\u3002\u3053\u306e\u624b\u6570\u6599\u69cb\u9020\u306fLP\u3078\u306e\u5831\u916c\u3067\u3042\u308b\u3068\u540c\u6642\u306b\u3001\u30d7\u30fc\u30eb\u3092\u4e0d\u5b89\u5b9a\u306b\u3059\u308b\u904e\u5270\u306a\u53d6\u5f15\u3092\u6291\u5236\u3059\u308b\u5f79\u5272\u3082\u679c\u305f\u3057\u307e\u3059\u3002Curve\u306e\u3088\u3046\u306a\u4e00\u90e8\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u3001<a href=\"https:\/\/academy.tokonomo.com\/defi\/what-is-yield-farming-in-defi\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u30a4\u30fc\u30eb\u30c9\u30d5\u30a1\u30fc\u30df\u30f3\u30b0<\/a>\u3092\u901a\u3058\u3066\u30cd\u30a4\u30c6\u30a3\u30d6\u30c8\u30fc\u30af\u30f3\u3092\u8ffd\u52a0\u5831\u916c\u3068\u3057\u3066\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<em>\u6d41\u52d5\u6027\u63d0\u4f9b\uff08liquidity provision\uff09<\/em>\u306b\u53c2\u52a0\u3059\u308b\u4eba\u306b\u3068\u3063\u3066\u306f\u624b\u6570\u6599\u3068\u8ffd\u52a0\u5831\u916c\u306e\u4e21\u65b9\u3092\u5f97\u308b\u6a5f\u4f1a\u304c\u3042\u308b\u308f\u3051\u3067\u3059\u3002<\/p>\n\n\n\n<h2 id=\"%e4%bb%a3%e8%a1%a8%e7%9a%84%e3%81%aaamm%e3%81%ae%e7%a8%ae%e9%a1%9e\" class=\"wp-block-heading\">\u4ee3\u8868\u7684\u306aAMM\u306e\u7a2e\u985e<\/h2>\n\n\n\n<p>\u3059\u3079\u3066\u306eAMM\u304c\u540c\u3058\u3068\u3044\u3046\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5e74\u6708\u3092\u7d4c\u3066\u3001\u958b\u767a\u8005\u305f\u3061\u306f\u57fa\u672c\u30e2\u30c7\u30eb\u3092\u3055\u307e\u3056\u307e\u306a\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u306b\u5408\u308f\u305b\u3066\u6539\u826f\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u4ee5\u4e0b\u306f\u4eca\u65e5\u306e<em>DeFi\u3067\u306e\u53d6\u5f15<\/em>\u3092\u5f62\u4f5c\u308b\u4ee3\u8868\u7684\u306a\u30bf\u30a4\u30d7\u3067\u3059\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5b9a\u7a4d\u5206\u578b\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08CPMM\uff09:<\/strong> Uniswap\u3067\u4f7f\u308f\u308c\u308b\u30e2\u30c7\u30eb\u3067\u3001x*y=k \u306e\u516c\u5f0f\u306b\u57fa\u3065\u304d\u307e\u3059\u3002\u6c4e\u7528\u7684\u306a\u30c8\u30fc\u30af\u30f3\u30b9\u30ef\u30c3\u30d7\u306b\u9069\u3057\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u5b9a\u548c\u578b\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08CSMM\uff09:<\/strong> x+y=k \u306e\u3088\u3046\u306b\u30c8\u30fc\u30af\u30f3\u306e\u5408\u8a08\u3092\u56fa\u5b9a\u3059\u308b\u4ed5\u7d44\u307f\u3067\u3001\u4fa1\u683c\u5909\u52d5\u306e\u5c0f\u3055\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u30da\u30a2\u306b\u5411\u3044\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9AMM:<\/strong> Balancer\u306e\u3088\u3046\u306b\u8907\u6570\u306e\u516c\u5f0f\u3092\u7d44\u307f\u5408\u308f\u305b\u3001\u4e8c\u3064\u4ee5\u4e0a\u306e\u30c8\u30fc\u30af\u30f3\u3092\u542b\u3080\u30d7\u30fc\u30eb\u3092\u30b5\u30dd\u30fc\u30c8\u3059\u308b\u3053\u3068\u3067\u3001\u8907\u96d1\u306a<em>AMM\u3067\u306e\u53d6\u5f15\u6226\u7565<\/em>\u306b\u67d4\u8edf\u306b\u5bfe\u5fdc\u3057\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u5404\u30bf\u30a4\u30d7\u306b\u306f\u9577\u6240\u304c\u3042\u308a\u3001\u3069\u308c\u3092\u9078\u3076\u304b\u306f<em>\u5206\u6563\u578b\u53d6\u5f15\u6240\u3067\u306e\u53d6\u5f15<\/em>\u306b\u304a\u3051\u308b\u76ee\u7684\u6b21\u7b2c\u3067\u3059\u3002<\/p>\n\n\n\n<h2 id=\"amm%e3%82%92%e4%bd%bf%e3%81%86%e3%83%a1%e3%83%aa%e3%83%83%e3%83%88\" class=\"wp-block-heading\">AMM\u3092\u4f7f\u3046\u30e1\u30ea\u30c3\u30c8<\/h2>\n\n\n\n<p>\u306a\u305cAMM\u306b\u6ce8\u76ee\u3059\u3079\u304d\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305a\u7b2c\u4e00\u306b\u3001AMM\u306f<em>DeFi\u3067\u306e\u53d6\u5f15<\/em>\u3092\u975e\u5e38\u306b\u8eab\u8fd1\u306a\u3082\u306e\u306b\u3057\u307e\u3057\u305f\u3002\u4e3b\u306a\u5229\u70b9\u3092\u4ee5\u4e0b\u306b\u793a\u3057\u307e\u3059\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>24\u6642\u9593365\u65e5\u306e\u6d41\u52d5\u6027:<\/strong> \u4e2d\u592e\u96c6\u6a29\u578b\u53d6\u5f15\u6240\u3068\u9055\u3044\u3001AMM\u306f\u5e38\u306b\u7a3c\u50cd\u3057\u3066\u3044\u307e\u3059\u3002\u3044\u3064\u3067\u3082\u3069\u3053\u3067\u3082\u53d6\u5f15\u3067\u304d\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u30d1\u30fc\u30df\u30c3\u30b7\u30e7\u30f3\u30ec\u30b9\u30a2\u30af\u30bb\u30b9:<\/strong> KYC\u4e0d\u8981\u3067\u969c\u58c1\u304c\u3042\u308a\u307e\u305b\u3093\u2014\u30a6\u30a9\u30ec\u30c3\u30c8\u3092\u63a5\u7d9a\u3059\u308b\u3060\u3051\u3067<em>\u5206\u6563\u578b\u53d6\u5f15\u6240<\/em>\u3067\u53d6\u5f15\u3092\u59cb\u3081\u3089\u308c\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u30c8\u30fc\u30af\u30f3\u306e\u591a\u69d8\u6027:<\/strong> AMM\u306f\u4e3b\u8981\u53d6\u5f15\u6240\u306b\u4e0a\u5834\u3057\u3066\u3044\u306a\u3044\u30c8\u30fc\u30af\u30f3\u3092\u542b\u3081\u3001\u7121\u6570\u306e\u30c8\u30fc\u30af\u30f3\u30da\u30a2\u3092\u30b5\u30dd\u30fc\u30c8\u3057\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u53ce\u76ca\u6a5f\u4f1a:<\/strong> <em>\u6d41\u52d5\u6027\u63d0\u4f9b\uff08liquidity provision\uff09<\/em>\u3092\u901a\u3058\u3066\u3001\u53d6\u5f15\u624b\u6570\u6599\u3084\u5831\u916c\u304b\u3089\u30d1\u30c3\u30b7\u30d6\u30a4\u30f3\u30ab\u30e0\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u5229\u70b9\u304cAMM\u306e\u6025\u901f\u306a\u6210\u9577\u3092\u5f8c\u62bc\u3057\u3057\u3066\u304a\u308a\u3001Uniswap\u306e\u3088\u3046\u306a\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306fMessari\u306e2025\u5e74\u7b2c2\u56db\u534a\u671f\u30ec\u30dd\u30fc\u30c8\u306b\u3088\u308c\u3070\u4e00\u65e5\u306b\u4f55\u5341\u5104\u30c9\u30eb\u3082\u306e\u53d6\u5f15\u91cf\u3092\u3055\u3070\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 id=\"amm%e3%81%ae%e3%83%aa%e3%82%b9%e3%82%af%e3%81%a8%e8%aa%b2%e9%a1%8c\" class=\"wp-block-heading\">AMM\u306e\u30ea\u30b9\u30af\u3068\u8ab2\u984c<\/h2>\n\n\n\n<p>AMM\u306f\u9769\u65b0\u7684\u3067\u3059\u304c\u3001\u7121\u8b2c\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<em>DeFi\u3067\u306e\u53d6\u5f15<\/em>\u306b\u53c2\u52a0\u3059\u308b\u5834\u5408\u3001\u4ee5\u4e0b\u306e\u30ea\u30b9\u30af\u3092\u8a8d\u8b58\u3057\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/academy.tokonomo.com\/defi\/what-is-impermanent-loss-how-to-protect-your-funds-in-liquidity-pools\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u30a4\u30f3\u30d1\u30fc\u30de\u30cd\u30f3\u30c8\u30ed\u30b9\uff08Impermanent Loss\uff09<\/a>:<\/strong> \u30d7\u30fc\u30eb\u5185\u306e\u30c8\u30fc\u30af\u30f3\u4fa1\u683c\u304c\u5927\u304d\u304f\u4e56\u96e2\u3059\u308b\u3068\u3001\u6d41\u52d5\u6027\u63d0\u4f9b\u8005\u306f\u4fa1\u5024\u3092\u5931\u3046\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u306f<em>\u6d41\u52d5\u6027\u63d0\u4f9b<\/em>\u306b\u4f34\u3046\u96a0\u308c\u305f\u30b3\u30b9\u30c8\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u30b9\u30ea\u30c3\u30da\u30fc\u30b8:<\/strong> \u5c0f\u3055\u306a\u30d7\u30fc\u30eb\u3067\u306e\u5927\u53e3\u53d6\u5f15\u306f\u4fa1\u683c\u3092\u5927\u304d\u304f\u52d5\u304b\u3057\u3001\u4e88\u671f\u305b\u306c\u640d\u5931\u3092\u62db\u304f\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u30ea\u30b9\u30af:<\/strong> AMM\u30d7\u30ed\u30c8\u30b3\u30eb\u306b\u30d0\u30b0\u3084\u30cf\u30c3\u30ad\u30f3\u30b0\u304c\u3042\u308b\u3068\u8cc7\u91d1\u304c\u5931\u308f\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u5b9f\u7e3e\u3092\u5fc5\u305a\u8abf\u3079\u3066\u304f\u3060\u3055\u3044\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u8ab2\u984c\u3092\u4e57\u308a\u8d8a\u3048\u308b\u306b\u306f\u614e\u91cd\u3055\u3068\u5805\u5b9f\u306a<em>AMM\u3067\u306e\u53d6\u5f15\u6226\u7565<\/em>\u306e\u7406\u89e3\u304c\u5fc5\u8981\u3067\u3059\u3002\u7121\u9244\u7832\u306b\u98db\u3073\u8fbc\u307e\u305a\u3001\u4e8b\u524d\u306b\u5341\u5206\u306a\u8abf\u67fb\u3092\u884c\u3063\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<h2 id=\"amm%e3%81%ae%e5%a7%8b%e3%82%81%e6%96%b9\" class=\"wp-block-heading\">AMM\u306e\u59cb\u3081\u65b9<\/h2>\n\n\n\n<p>\u5206\u6563\u578b\u53d6\u5f15\u306b\u6311\u6226\u3057\u3066\u307f\u305f\u3044\u3067\u3059\u304b\uff1f\u4ee5\u4e0b\u306fAMM\u3092\u59cb\u3081\u308b\u305f\u3081\u306e\u7c21\u5358\u306a\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u3067\u3059\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u30a6\u30a9\u30ec\u30c3\u30c8\u3092\u7528\u610f\u3059\u308b:<\/strong> MetaMask\u306e\u3088\u3046\u306a\u30ce\u30f3\u30ab\u30b9\u30c8\u30c7\u30a3\u30a2\u30eb\u30a6\u30a9\u30ec\u30c3\u30c8\u3092\u4f7f\u3063\u3066DeFi\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3068\u3084\u308a\u53d6\u308a\u3057\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u9078\u3076:<\/strong> \u4eba\u6c17\u306eAMM\u306b\u306fUniswap\u3001SushiSwap\u3001Curve\u304c\u3042\u308a\u307e\u3059\u3002\u53d6\u5f15\u30cb\u30fc\u30ba\u306b\u5408\u308f\u305b\u3066\u9078\u3073\u307e\u3057\u3087\u3046\u3002<\/li>\n\n\n\n<li><strong>\u30a6\u30a9\u30ec\u30c3\u30c8\u306b\u8cc7\u91d1\u3092\u5165\u308c\u308b:<\/strong> \u30ac\u30b9\u4ee3\u3084\u53d6\u5f15\u306b\u5099\u3048\u3066ETH\u3084\u4ed6\u306e\u30d9\u30fc\u30b9\u30c8\u30fc\u30af\u30f3\u3092\u5165\u91d1\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/li>\n\n\n\n<li><strong>\u53d6\u5f15\u307e\u305f\u306f\u6d41\u52d5\u6027\u63d0\u4f9b\u3092\u884c\u3046:<\/strong> \u30c8\u30fc\u30af\u30f3\u3092\u76f4\u63a5\u30b9\u30ef\u30c3\u30d7\u3059\u308b\u304b\u3001\u8cc7\u7523\u3092<em>\u6d41\u52d5\u6027\u30d7\u30fc\u30eb<\/em>\u306b\u30b9\u30c6\u30fc\u30af\u3057\u3066\u624b\u6570\u6599\u3092\u7a3c\u304e\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u307e\u305a\u306f\u5c11\u984d\u3067\u59cb\u3081\u3001\u3055\u307e\u3056\u307e\u306a<em>AMM\u3067\u306e\u53d6\u5f15\u6226\u7565<\/em>\u3092\u8a66\u3057\u3001\u53d6\u5f15\u306e\u8a73\u7d30\u3092\u5e38\u306b\u4e8c\u91cd\u306b\u78ba\u8a8d\u3057\u3066\u9ad8\u984d\u306a\u30df\u30b9\u3092\u907f\u3051\u3066\u304f\u3060\u3055\u3044\u3002DeFi\u3092\u6975\u3081\u305f\u3044\u65b9\u306f\u3001DeFi Academy\u306e\u7dcf\u5408\u30ac\u30a4\u30c9\u3082\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<h2 id=\"%e8%87%aa%e5%8b%95%e3%83%9e%e3%83%bc%e3%82%b1%e3%83%83%e3%83%88%e3%83%a1%e3%83%bc%e3%82%ab%e3%83%bc%e3%81%ae%e5%b0%86%e6%9d%a5\" class=\"wp-block-heading\">\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\u306e\u5c06\u6765<\/h2>\n\n\n\n<p>AMM\u306f\u4eca\u5f8c\u3069\u3046\u9032\u5316\u3059\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<a href=\"https:\/\/academy.tokonomo.com\/defi\/what-is-defi\/\" target=\"_blank\" rel=\"noreferrer noopener\">DeFi<\/a>\u304c\u9032\u5316\u3059\u308b\u306e\u3068\u540c\u69d8\u306b\u3001\u3053\u308c\u3089\u306e\u30d7\u30ed\u30c8\u30b3\u30eb\u3082\u9032\u5316\u3057\u3066\u3044\u307e\u3059\u3002Uniswap V3\u304c\u5c0e\u5165\u3057\u305f\u96c6\u4e2d\u6d41\u52d5\u6027\u306e\u3088\u3046\u306a\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306f\u30d7\u30fc\u30eb\u306e\u8cc7\u672c\u52b9\u7387\u3092\u9ad8\u3081\u3001\u30af\u30ed\u30b9\u30c1\u30a7\u30fc\u30f3AMM\u306f<a href=\"https:\/\/academy.tokonomo.com\/defi\/what-is-a-blockchain-bridge-exploring-the-connection-between-different-blockchain-networks\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u30d6\u30ea\u30c3\u30b8<\/a>\u3092\u4ecb\u3057\u3066\u30c1\u30a7\u30fc\u30f3\u9593\u3067\u6d41\u52d5\u6027\u3092\u3064\u306a\u3052\u3066\u3044\u307e\u3059\u3002AMM\u5358\u72ec\u3067500\u5104\u30c9\u30eb\u4ee5\u4e0a\u306eTVL\u304c\u7d10\u3065\u3044\u3066\u3044\u308b\uff08DeFiLlama\u30012025\u5e749\u6708\uff09\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u5c06\u6765\u306f\u660e\u308b\u3044\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3057\u3001\u898f\u5236\u306e\u76e3\u8996\u5f37\u5316\u3084\u30b9\u30b1\u30fc\u30e9\u30d3\u30ea\u30c6\u30a3\u306e\u8ab2\u984c\u306f\u7121\u8996\u3067\u304d\u307e\u305b\u3093\u3002AMM\u306f\u3088\u308a\u53b3\u3057\u3044\u30eb\u30fc\u30eb\u306b\u9069\u5fdc\u3059\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u91d1\u878d\u306e\u300c\u30ef\u30a4\u30eb\u30c9\u30a6\u30a7\u30b9\u30c8\u300d\u306e\u307e\u307e\u3067\u3044\u308b\u306e\u304b\u3002\u7b54\u3048\u306f\u6642\u9593\u304c\u6559\u3048\u3066\u304f\u308c\u307e\u3059\u304c\u3001\u78ba\u304b\u306a\u306e\u306fAMM\u304c\u4eca\u5f8c\u3082\u9577\u304d\u306b\u308f\u305f\u308a<em>DeFi\u3067\u306e\u53d6\u5f15<\/em>\u3092\u5f62\u4f5c\u308a\u7d9a\u3051\u308b\u3060\u308d\u3046\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n<h2 id=\"%e7%b5%90%e8%ab%96\" class=\"wp-block-heading\">\u7d50\u8ad6<\/h2>\n\n\n\n<p>\u6d41\u52d5\u6027\u306e\u554f\u984c\u3092\u89e3\u6c7a\u3057\u3001\u30d1\u30fc\u30df\u30c3\u30b7\u30e7\u30f3\u30ec\u30b9\u306a\u53d6\u5f15\u3092\u53ef\u80fd\u306b\u3057\u305f<strong>\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09<\/strong>\u306f\u3001<em>DeFi\u3067\u306e\u53d6\u5f15<\/em>\u306e\u53ef\u80fd\u6027\u3092\u518d\u5b9a\u7fa9\u3057\u307e\u3057\u305f\u3002\u5206\u6563\u578b\u53d6\u5f15\u6240\u3067\u30c8\u30fc\u30af\u30f3\u3092\u30b9\u30ef\u30c3\u30d7\u3059\u308b\u5834\u5408\u3067\u3082\u3001<em><a href=\"https:\/\/academy.tokonomo.com\/defi\/understanding-dex-liquidity-pools-what-they-are-and-how-they-work\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6d41\u52d5\u6027\u30d7\u30fc\u30eb<\/a><\/em>\u306b\u8cc7\u7523\u3092\u30b9\u30c6\u30fc\u30af\u3059\u308b\u5834\u5408\u3067\u3082\u3001AMM\u306f\u4ef2\u4ecb\u8005\u306e\u3044\u306a\u3044\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u3078\u306e\u5165\u53e3\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u5927\u304d\u306a\u529b\u306b\u306f\u5927\u304d\u306a\u8cac\u4efb\u304c\u4f34\u3044\u307e\u3059\u2014\u30ea\u30b9\u30af\u3092\u7406\u89e3\u3057\u3001<em>AMM\u3067\u306e\u53d6\u5f15\u6226\u7565<\/em>\u3092\u78e8\u304d\u3001\u3053\u306e\u6025\u901f\u306b\u5909\u5316\u3059\u308b\u9818\u57df\u306e\u6700\u65b0\u60c5\u5831\u3092\u8ffd\u3044\u7d9a\u3051\u3066\u304f\u3060\u3055\u3044\u3002<em>\u6d41\u52d5\u6027\u63d0\u4f9b\uff08liquidity provision\uff09<\/em>\u306b\u3064\u3044\u3066\u3055\u3089\u306b\u6df1\u6398\u308a\u3057\u305f\u3044\u65b9\u306f\u3001DeFi Academy\u306e\u8ffd\u52a0\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<h2 id=\"%e3%82%88%e3%81%8f%e3%81%82%e3%82%8b%e8%b3%aa%e5%95%8f%ef%bc%88faqs%ef%bc%89\" class=\"wp-block-heading\">\u3088\u304f\u3042\u308b\u8cea\u554f\uff08FAQs\uff09<\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">What is an Automated Market Maker in simple terms?<\/strong><p class=\"saswp-faq-answer-text\">An AMM is a type of decentralized trading system that lets you swap crypto tokens without needing a buyer or seller on the other side. Instead of traditional order books, AMMs use liquidity pools and algorithms to determine prices automatically.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">How is an AMM different from a centralized exchange like Binance or Coinbase?<\/strong><p class=\"saswp-faq-answer-text\">Centralized exchanges match buyers and sellers through order books, while AMMs rely on smart contracts and liquidity pools. With AMMs, anyone can provide liquidity and trade without KYC or a central authority controlling the process.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">What are liquidity pools, and why are they important?<\/strong><p class=\"saswp-faq-answer-text\">Liquidity pools are collections of tokens locked in smart contracts. They ensure there\u2019s always liquidity for trading and allow anyone to earn fees by depositing their tokens into the pool. Without liquidity pools, AMMs couldn\u2019t function.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">How do AMMs determine token prices?<\/strong><p class=\"saswp-faq-answer-text\">Most AMMs use the <strong>constant product formula (x*y=k)<\/strong>. As one token is bought, its price increases automatically, while the other decreases, keeping the product constant. This system allows continuous price discovery without manual intervention.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">What are the main risks of using AMMs?<\/strong><p class=\"saswp-faq-answer-text\">The biggest risks include:<br><br>&#8211; <strong>Impermanent loss:<\/strong> When the value of your deposited tokens diverges due to market movements.<br>&#8211; <strong>Slippage:<\/strong> Price changes during large trades in small pools.<br>&#8211; <strong>Smart contract bugs or hacks:<\/strong> If the AMM\u2019s code is flawed, funds may be at risk.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">How can I earn money with AMMs?<\/strong><p class=\"saswp-faq-answer-text\">You can earn by becoming a <strong>liquidity provider (LP)<\/strong>. When you deposit tokens into a pool, you receive a share of the trading fees. Some platforms also offer extra rewards through yield farming or governance tokens.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">What are the most popular AMMs today?<\/strong><p class=\"saswp-faq-answer-text\">As of 2025, leading AMMs include <strong>Uniswap<\/strong>, <strong>SushiSwap<\/strong>, <strong>Curve<\/strong>, and <strong>Balancer<\/strong>. Each has unique features\u2014Uniswap for general token swaps, Curve for stablecoins, and Balancer for multi-token pools.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">Can I lose money by providing liquidity?<\/strong><p class=\"saswp-faq-answer-text\">Yes. Even if you earn fees, <strong>impermanent loss<\/strong> can reduce your overall returns if the tokens you\u2019ve deposited change in value significantly. It\u2019s important to calculate potential risks before staking your assets.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">What is concentrated liquidity, and why does it matter?<\/strong><p class=\"saswp-faq-answer-text\">Concentrated liquidity, introduced by Uniswap V3, allows LPs to choose specific price ranges for their funds. This makes pools more efficient and can boost returns while reducing unnecessary exposure.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">Are AMMs safe to use?<\/strong><p class=\"saswp-faq-answer-text\">Reputable AMMs are generally safe, but there\u2019s always risk in DeFi. Stick to well-known platforms, check audits, and never invest more than you can afford to lose. Security is key in protecting your funds.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">How do I get started with an AMM as a beginner?<\/strong><p class=\"saswp-faq-answer-text\">1. Get a non-custodial wallet like <strong>MetaMask<\/strong>.<br>2. Add funds (ETH or another base token).<br>3. Choose a trusted AMM like Uniswap or Curve.<br>4. Start by making small trades or providing liquidity to learn the ropes safely.<\/p><li style=\"list-style-type: none\"><strong class=\"saswp-faq-question-title\">What\u2019s next for AMMs in the future?<\/strong><p class=\"saswp-faq-answer-text\">We\u2019re seeing innovations like cross-chain AMMs, advanced liquidity strategies, and integration with layer-2 solutions for lower fees. The future is about making AMMs more efficient, scalable, and accessible worldwide.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"\u306f\u3058\u3081\u306b \u5206\u6563\u578b\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3001\u307e\u305f\u306f&hellip;\n","protected":false},"author":2,"featured_media":9203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ab\u30fc\uff08AMM\uff09","_yoast_wpseo_title":"\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09\u3068\u306f\u4f55\u304b\uff1f %%page%% %%sep%% %%sitename%%","_yoast_wpseo_metadesc":"Automated Market Maker\uff08AMM\uff09\u3068\u306f\u4f55\u304b\u3001AMM\u304cDeFi\u306e\u53d6\u5f15\u3092\u3069\u306e\u3088\u3046\u306b\u652f\u3048\u3001\u5206\u6563\u578b\u53d6\u5f15\u6240\u306b\u3068\u3063\u3066\u306a\u305c\u91cd\u8981\u306a\u306e\u304b\u3092\u5b66\u3073\u307e\u3057\u3087\u3046\u3002","csco_singular_sidebar":"","csco_page_header_type":"large","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[384],"tags":[385,387,386],"wf_post_folders":[],"class_list":{"0":"post-9346","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-defi-2","8":"tag-amm-2","9":"tag-tohasuka","10":"tag-amm-3","11":"cs-entry","12":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09\u3068\u306f\u4f55\u304b\uff1f | Tokonomo Academy<\/title>\n<meta name=\"description\" content=\"Automated Market Maker\uff08AMM\uff09\u3068\u306f\u4f55\u304b\u3001AMM\u304cDeFi\u306e\u53d6\u5f15\u3092\u3069\u306e\u3088\u3046\u306b\u652f\u3048\u3001\u5206\u6563\u578b\u53d6\u5f15\u6240\u306b\u3068\u3063\u3066\u306a\u305c\u91cd\u8981\u306a\u306e\u304b\u3092\u5b66\u3073\u307e\u3057\u3087\u3046\u3002\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09\u3068\u306f\u4f55\u304b\uff1f | Tokonomo Academy\" \/>\n<meta property=\"og:description\" content=\"Automated Market Maker\uff08AMM\uff09\u3068\u306f\u4f55\u304b\u3001AMM\u304cDeFi\u306e\u53d6\u5f15\u3092\u3069\u306e\u3088\u3046\u306b\u652f\u3048\u3001\u5206\u6563\u578b\u53d6\u5f15\u6240\u306b\u3068\u3063\u3066\u306a\u305c\u91cd\u8981\u306a\u306e\u304b\u3092\u5b66\u3073\u307e\u3057\u3087\u3046\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokonomo Academy\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tokonomo.defi\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-12T18:15:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-21T23:57:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2025\/09\/What-Is-an-Automated-Market-Maker-AMM-A-Beginners-Guide-to-DeFi-Trading.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Artem Bondarenko\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/artem_ayon\" \/>\n<meta name=\"twitter:site\" content=\"@Tokonomo_DeFi\" \/>\n<meta name=\"twitter:label1\" content=\"\u57f7\u7b46\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"Artem Bondarenko\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593\" \/>\n\t<meta name=\"twitter:data2\" content=\"1\u5206\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09\u3068\u306f\u4f55\u304b\uff1f | Tokonomo Academy","description":"Automated Market Maker\uff08AMM\uff09\u3068\u306f\u4f55\u304b\u3001AMM\u304cDeFi\u306e\u53d6\u5f15\u3092\u3069\u306e\u3088\u3046\u306b\u652f\u3048\u3001\u5206\u6563\u578b\u53d6\u5f15\u6240\u306b\u3068\u3063\u3066\u306a\u305c\u91cd\u8981\u306a\u306e\u304b\u3092\u5b66\u3073\u307e\u3057\u3087\u3046\u3002","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/","og_locale":"ja_JP","og_type":"article","og_title":"\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09\u3068\u306f\u4f55\u304b\uff1f | Tokonomo Academy","og_description":"Automated Market Maker\uff08AMM\uff09\u3068\u306f\u4f55\u304b\u3001AMM\u304cDeFi\u306e\u53d6\u5f15\u3092\u3069\u306e\u3088\u3046\u306b\u652f\u3048\u3001\u5206\u6563\u578b\u53d6\u5f15\u6240\u306b\u3068\u3063\u3066\u306a\u305c\u91cd\u8981\u306a\u306e\u304b\u3092\u5b66\u3073\u307e\u3057\u3087\u3046\u3002","og_url":"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/","og_site_name":"Tokonomo Academy","article_publisher":"https:\/\/www.facebook.com\/tokonomo.defi\/","article_published_time":"2025-09-12T18:15:30+00:00","article_modified_time":"2025-09-21T23:57:18+00:00","og_image":[{"width":1500,"height":500,"url":"https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2025\/09\/What-Is-an-Automated-Market-Maker-AMM-A-Beginners-Guide-to-DeFi-Trading.png","type":"image\/png"}],"author":"Artem Bondarenko","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/artem_ayon","twitter_site":"@Tokonomo_DeFi","twitter_misc":{"\u57f7\u7b46\u8005":"Artem Bondarenko","\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593":"1\u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/#article","isPartOf":{"@id":"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/"},"author":{"name":"Artem Bondarenko","@id":"https:\/\/academy.tokonomo.com\/ja\/#\/schema\/person\/af00053d142e71a56b5fbd5b0b5d0407"},"headline":"Automated Market Maker (AMM)\u3068\u306f\u4f55\u304b\uff1fDeFi\u53d6\u5f15\u306e\u5165\u9580\u30ac\u30a4\u30c9","datePublished":"2025-09-12T18:15:30+00:00","dateModified":"2025-09-21T23:57:18+00:00","mainEntityOfPage":{"@id":"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/"},"wordCount":133,"commentCount":0,"publisher":{"@id":"https:\/\/academy.tokonomo.com\/ja\/#organization"},"keywords":["AMM\uff08\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ab\u30fc\uff09","\u3068\u306f\u4f55\u3067\u3059\u304b\uff1f","\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09"],"articleSection":["DeFi\uff08\u5206\u6563\u578b\u91d1\u878d\uff09"],"inLanguage":"ja","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/#respond"]}],"copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/academy.tokonomo.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/","url":"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/","name":"\u81ea\u52d5\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\uff08AMM\uff09\u3068\u306f\u4f55\u304b\uff1f | Tokonomo Academy","isPartOf":{"@id":"https:\/\/academy.tokonomo.com\/ja\/#website"},"datePublished":"2025-09-12T18:15:30+00:00","dateModified":"2025-09-21T23:57:18+00:00","description":"Automated Market Maker\uff08AMM\uff09\u3068\u306f\u4f55\u304b\u3001AMM\u304cDeFi\u306e\u53d6\u5f15\u3092\u3069\u306e\u3088\u3046\u306b\u652f\u3048\u3001\u5206\u6563\u578b\u53d6\u5f15\u6240\u306b\u3068\u3063\u3066\u306a\u305c\u91cd\u8981\u306a\u306e\u304b\u3092\u5b66\u3073\u307e\u3057\u3087\u3046\u3002","breadcrumb":{"@id":"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/academy.tokonomo.com\/ja\/defi-2\/automated-market-maker-amm-tohaka-defino\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/academy.tokonomo.com\/ja\/"},{"@type":"ListItem","position":2,"name":"DeFi\uff08\u5206\u6563\u578b\u91d1\u878d\uff09","item":"https:\/\/academy.tokonomo.com\/ja\/category\/defi-2\/"},{"@type":"ListItem","position":3,"name":"Automated Market Maker (AMM)\u3068\u306f\u4f55\u304b\uff1fDeFi\u53d6\u5f15\u306e\u5165\u9580\u30ac\u30a4\u30c9"}]},{"@type":"WebSite","@id":"https:\/\/academy.tokonomo.com\/ja\/#website","url":"https:\/\/academy.tokonomo.com\/ja\/","name":"Tokonomo Academy","description":"Interested in learning about DeFi, NFT, technology, or following along with tutorials? Tokonomo Academy has all that and more!","publisher":{"@id":"https:\/\/academy.tokonomo.com\/ja\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/academy.tokonomo.com\/ja\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"ja"},{"@type":"Organization","@id":"https:\/\/academy.tokonomo.com\/ja\/#organization","name":"Tokonomo Academy","url":"https:\/\/academy.tokonomo.com\/ja\/","logo":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/academy.tokonomo.com\/ja\/#\/schema\/logo\/image\/","url":"https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2022\/08\/tokonomo-L.png","contentUrl":"https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2022\/08\/tokonomo-L.png","width":2421,"height":393,"caption":"Tokonomo Academy"},"image":{"@id":"https:\/\/academy.tokonomo.com\/ja\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/tokonomo.defi\/","https:\/\/twitter.com\/Tokonomo_DeFi","https:\/\/t.me\/tokonomo","https:\/\/t.me\/tokonomo_community","https:\/\/www.instagram.com\/tokonomo.defi","https:\/\/discord.gg\/UJc5qgJRQx"]},{"@type":"Person","@id":"https:\/\/academy.tokonomo.com\/ja\/#\/schema\/person\/af00053d142e71a56b5fbd5b0b5d0407","name":"Artem Bondarenko","image":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/academy.tokonomo.com\/ja\/#\/schema\/person\/image\/","url":"https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2024\/12\/photo_2023-08-25_15-19-05.jpg","contentUrl":"https:\/\/academy.tokonomo.com\/wp-content\/uploads\/2024\/12\/photo_2023-08-25_15-19-05.jpg","caption":"Artem Bondarenko"},"description":"Co-Founder and COO of Tokonomo DAO. With a degree in International Finance, Artem combines deep financial expertise with a strong operational focus in GameFi and NFT sectors. As a highly experienced COO, Artem has been instrumental in building and scaling Web3 projects, leveraging 5 years of hands-on experience in the DeFi sphere. His extensive network includes partnerships with leading crypto alpha communities and collaborations with over 50 Web3 Key Opinion Leaders (KOLs), driving impactful marketing and strategic initiatives. Artem, also known as Ayon.eth, is passionate about advancing blockchain adoption and creating innovative solutions within the decentralized economy, making him a key figure in the Web3 and DeFi space.","sameAs":["https:\/\/twitter.com\/https:\/\/twitter.com\/artem_ayon"],"url":"https:\/\/academy.tokonomo.com\/ja\/author\/ayon-eth\/"}]}},"_links":{"self":[{"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/posts\/9346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/comments?post=9346"}],"version-history":[{"count":1,"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/posts\/9346\/revisions"}],"predecessor-version":[{"id":9375,"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/posts\/9346\/revisions\/9375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/media\/9203"}],"wp:attachment":[{"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/media?parent=9346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/categories?post=9346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/tags?post=9346"},{"taxonomy":"wf_post_folders","embeddable":true,"href":"https:\/\/academy.tokonomo.com\/ja\/wp-json\/wp\/v2\/wf_post_folders?post=9346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}