First LPDFi vault on Orange is a catalyst of the new era of DeFi. In few years, DeFi liquidity is likely to be reconstructed around CLAMM. This is just s begining.
New technology allows more complex design for apps(e.g, DeFi derivatives require heavier computation) or new types of apps (crypto sns, credential etc)
IMO, there won't be much alpha in mechanism design in crypto, but there will be certainly a whole rebuild of the ecosystem along with new tech (e.g. hooks by Uniswap V4, higher TPS, app chain, etc)
With the UniV4, Toxic flow can be mitigated.
Toxic Flow is a problem since
- cannot detect arbs between CEX - DEX
- fixed fee
it is possible to detect arbs by looking at the price on a vanilla pool that most liquidity gathers and sets the fee rate dynamically.
AMMs are clearly two distinct products: i) a venue to swap tokens and ii) a means to provide liquidity
While Uniswap has nailed the swap UX, the LPs UX is far from being as polished
Whatโs missing in your opinion?
Ok so I've been shorting #BAYC on @nftperp and @Tribe3Official and I am curious how I'm being paid funding when all traders are literally short?
I get that mark price > oracle price but everyone is short but we're all getting paid funding?! Am I just dumb