@mgnr_io What’s the rational as to why rent seeker #1 pays rent seekers #2+ instead of eating it all himself?
1.) some reg arb / funds can’t just vwap Coinbase?
2.) Arn’t incentivized enough to care about incremental bps?
In my latest research piece, wrote about the early LP data on Uniswap v3 (unlocked by @ambergroup_io)
TLDR; still a work in progress, but early signs show that Uniswap v3 capital-efficiency is a benefit to traders.
A few highlights in the thread 👇.
https://t.co/HgTZfnD8bd
@hasufl 3.) Me and other market makers compete to increase the size we show to increase our pro-rata allocation, and remove all liquidity once we get filled in enough size to complete the arb
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Wouldn't be able to find this interview with @bgurley anywhere else
@AdamScochran supported @TheBlock__'s great work so I'll pay it forward
RT and I'll randomly choose 5 people to gift 1yr memberships to
https://t.co/XWY4g2T1PX
@hasufl Selling the covered call is not at all free money right? Many ways to think about: but for example if BTC moons to $500k in Sep 2021, and crashes to $200k by Dec21, you will not have been exercised on your call, and missed selling $300k?