Anchor Exercises

A practical walkthrough to Constant Sum AMM (Anchor) - Construct a fixed-rate automated market maker that enables seamless 1:1 token trading. Implement critical DeFi primitives including liquidity pool state management, LP share minting and burning logic, and secure fee calculations for user swaps.

Rust Developer

Solana

1. Constant Sum AMM
An analytical primer to The Mathematics of a Constant Sum AMM (CSAMM) - Deconstruct the linear invariant equation to understand how liquidity pools maintain fixed exchange rates with zero price impact. Visualize the geometry of constant sum curves and master the calculations behind slippage-free swapping scenarios. Duration: 4min
2. Anchor Exercises
A practical walkthrough to Constant Sum AMM (Anchor) - Construct a fixed-rate automated market maker that enables seamless 1:1 token trading. Implement critical DeFi primitives including liquidity pool state management, LP share minting and burning logic, and secure fee calculations for user swaps. Reading Time: 0min
3. Native Exercises
A comprehensive technical guide to Constant Sum AMM (Native) - Construct a raw Rust smart contract that orchestrates liquidity pools and token swaps without reliance on frameworks. Master complex state management including LP token generation, fee calculation, and precise share math while validating logic through LiteSVM and local network deployments. Reading Time: 0min

Course Overview

About the course

What you'll learn

Native Rust & Anchor framework

PDAs, CPIs, and SPL Tokens

DeFi builds: oracles, auctions, AMMs

Course Description

Meet your instructors

Tasuku Nakamura

Tasuku Nakamura

Founder at smartcontract.engineer

Smart contract engineer and educator.

Last updated on January 12, 2026