# Thesis

### Problem

<figure><img src="/files/VadTzIB8vo7fWiYdFcvy" alt=""><figcaption></figcaption></figure>

In Defillama, there is less than 20 days where an AMM's volume exceeded the capital. Uniswap gave&#x20;

### Solution

<figure><img src="/files/NTzPq4MjkqYG6OAXXzMN" alt=""><figcaption></figcaption></figure>

AMM like Uniswap is not for trading with maximum capital efficiency. It is rather for verifiable inventory management that there is enough liquidity to trade assets on chain. Ensuring that there are enough liquidity to trade an asset is valuable, but Standard can achieve the same thing with more capital efficiency.&#x20;


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.standard.im/standard/thesis.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.