We often mistakenly categorize AMMs and order books as entirely separate entities. In reality, an AMM is simply a rigid variation of an order book that functions in a unidirectional manner. Standard order books, by contrast, are defined by their discrete nature and high degree of flexibility. Sitting a tier above these options is @CarbonDeFixyz. It retains all the functional capabilities of a traditional order book while introducing continuous pricing models, a feature that remains unavailable in conventional systems.

— @MBRichardson87 Bancor Project Lead