> For the complete documentation index, see [llms.txt](https://docs.optswap.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.optswap.org/user-manual/trading/automated-market-maker-amm.md).

# Automated Market Maker (AMM)

TODO

### Black-Scholes-Merton (BSM) Pricing Model

TODO

### Limitations & Drawbacks of the BSM Model

TODO

### Overcoming BSM Limitations & Drawbacks

TODO

### Alternative Pricing Models

Implementations of alternative pricing models including the Binomial Option Pricing Model & Bjerksund-Stensland Model will be introduced in future versions of the AMM!

### Topics

{% content-ref url="/pages/uToBHhcZgaoV93ogzK9b" %}
[Managed Orders](/user-manual/trading/automated-market-maker-amm/managed-orders.md)
{% endcontent-ref %}

{% content-ref url="/pages/jB63YGtztjRymie01bT3" %}
[Aggregated Spot Price](/user-manual/trading/automated-market-maker-amm/aggregated-spot-price.md)
{% endcontent-ref %}

{% content-ref url="/pages/5GtCmdR7DkzOHCTLwLns" %}
[Liquidity Provider Rewards](/user-manual/trading/automated-market-maker-amm/liquidity-provider-rewards.md)
{% endcontent-ref %}

{% content-ref url="/pages/Vg4zsOScUTJIDdohB9GF" %}
[Match Finder Rewards](/user-manual/trading/automated-market-maker-amm/match-finder-rewards.md)
{% endcontent-ref %}