one of the main risks with amm is impermanent loss which happens when the value of the tokens in the pool shifts dramatically if they withdraw during this fluctuation they might lose some value compared to just holding on to the tokens but if the price is stabilized there's no loss at all another big risk is slippage slippage occurs when the price of a token changes between the moment you place a trade and when it's executed especially in large trades this is because the price is determined by the token ratios in the pool and big trades can throw those ratios off balance.
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