An introduction to Automated Market Makers (AMMs), which are systems that enable crypto trading through liquidity pools instead of traditional order books. AMMs use a mathematical formula to determine prices based on the ratio of assets in a liquidity pool. Liquidity providers deposit assets and earn rewards, but they may face risks like impermanent loss when asset proportions change significantly. Concentrated liquidity pools, a newer model, allow users to focus their funds at specific price levels, enhancing capital efficiency and potential rewards. A demonstration using the Ibo app showcases how to create and manage such positions, highlighting flexibility and the potential for higher returns.