# Get Started with Tensor's AMM

## What is TensorSwap?

TensorSwap is kinda like an NFT marketplace, but not really.

We're an **AMM** - an "[automated market maker](https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm)" (the term from DeFi), but for NFTs.

Being an AMM lets us do certain cool things that traditional marketplaces can't - read on to learn more.

## How is TensorSwap different from MagicEden / OpenSea?

The main difference is that there's a lot more room for **you** as the user of the protocol to **get paid**.

Specifically, there are 2 ways you can **earn using TensorSwap:**

1. You can configure **your own fee 💸** (0-25%) when creating a market-making order 
2. You earn **reward points ⭐️** for all kinds of activities on TensorSwap, mainly setting up orders

{% hint style="info" %}
Read [market-making-example](https://docs.tensor.trade/provide-liquidity/market-making-example "mention") to learn more about getting paid as a market-maker.
{% endhint %}

{% hint style="info" %}
Check out [rewards](https://docs.tensor.trade/welcome/rewards "mention") for details on our rewards program.
{% endhint %}

There are a few other differences:

* We let you set up some really cool order types, such as **collection-wide bids** (read [buy-or-bid](https://docs.tensor.trade/trade/get-started-with-tensors-amm/buy-or-bid "mention")) and **market-making orders** (read [market-make](https://docs.tensor.trade/trade/get-started-with-tensors-amm/market-make "mention")).
* We're 100% focused on building the **best UX for the NFT trader**: we started off building the fastest NFT aggregator & trading venue on Solana ([Tensor Trade](https://www.tensor.trade)) and we're bringing the same care and attention to detail to TensorSwap.    

## How is TensorSwap different to other NFT AMMs?

We are a [concentrated liquidity AMM](https://blog.hubbleprotocol.io/what-is-clmm/). 

This means you as the market-maker get to specify both the **price range** you provide liquidity (200x+ more efficient liquidity) and **the fees you'd like to make.** 

* If you provide **good prices**, you earn all the fees (vs splitting it w/ other LPs). 💸
* In general, **your profit margin/APY will far exceed any passive AMM pools**. 🤑

{% hint style="info" %}
Follow this step-by-step tutorial to [market-make](https://docs.tensor.trade/trade/get-started-with-tensors-amm/market-make "mention") today!
{% endhint %}

## TensorSwap is live and ready to use!

To get started:

1. Go to Tensor: [www.tensor.trade](https://www.tensor.trade)
   1. Search or browse for your favorite NFT collection (eg "[DuckPunkz](https://www.tensor.trade/trade/duckpunkzuniverse)" or "[Cyber Samurais](https://www.tensor.trade/trade/cyber_samurai_gen2)")
2. **Buy**, **sell**, or **market-make**

If you'd like a bit more explanation on how each order type works, read the below:

{% content-ref url="get-started-with-tensors-amm/buy-or-bid" %}
[buy-or-bid](https://docs.tensor.trade/trade/get-started-with-tensors-amm/buy-or-bid)
{% endcontent-ref %}

{% content-ref url="get-started-with-tensors-amm/sell-or-list" %}
[sell-or-list](https://docs.tensor.trade/trade/get-started-with-tensors-amm/sell-or-list)
{% endcontent-ref %}

{% content-ref url="get-started-with-tensors-amm/market-make" %}
[market-make](https://docs.tensor.trade/trade/get-started-with-tensors-amm/market-make)
{% endcontent-ref %}

Once you're done trading, you can close your order:

{% content-ref url="get-started-with-tensors-amm/closing-an-order" %}
[closing-an-order](https://docs.tensor.trade/trade/get-started-with-tensors-amm/closing-an-order)
{% endcontent-ref %}


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