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3 changes: 2 additions & 1 deletion .prettierignore
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2 changes: 1 addition & 1 deletion docs/concepts/glossary.md
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## Automated Market Maker

An automated market maker is a smart contract on Ethereum that holds liquidity reserves. Users can trade against these reserves at prices determined by a fixed formula. Anyone may contribute liquidity to these smart contracts, earning pro-rata trading fees in return.
An automated market maker is a smart contract on Ethereum that holds liquidity reserves. Users can trade against these reserves at prices determined by a fixed formula. Anyone may contribute liquidity to these smart contracts and receive pro-rata trading fees in return.

## Asset

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> note: Using web interfaces (websites) to swap via the Ring protocol can introduce additional permission structures, and may result in different execution behavior compared to using the Ring protocol directly. To learn more about the differences between the protocol and a web interface, see [Ring Overview](/concepts/overview).

Swaps using the Ring protocol are different from traditional order book trades in that they are not executed against discrete orders on a first-in-first-out basis — rather, swaps execute against a passive pool of liquidity, with liquidity providers earning fees proportional to their capital committed
Swaps using the Ring protocol are different from traditional order book trades in that they are not executed against discrete orders on a first-in-first-out basis — rather, swaps execute against a passive pool of liquidity, with fees allocated to liquidity providers in proportion to their capital committed

## Price Impact

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1. wrap original assets into `FewToken`
2. use `FewToken` across trading and routing systems
3. improve usable liquidity and quote competitiveness
4. earn more order flow and fees from stronger execution
4. capture more order flow and fees from stronger execution

### What Ring is not

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