Gamma Labs

An organization dedicated to research and development of ‘Active Liquidity Management’ strategies. Building @gammastrategies

[Gamma Labs @StrategiesGamma]

Every week Gamma Strategies publishes analysis and metrics of active asset management within DeFi. Subscribe to our Substack 👇
https://t.co/qxCrPeos7E

[Elijah Spina, PhD (🧬,🌿) @flow_science]

Holy DeFi, Batman! 🦉 I think I finally understand how @Uniswap works.

@indexcoop @StrategiesGamma
https://t.co/NdGTwCb5kv

[Gamma @GammaStrategies]

Visor merges with Gamma, a re-org focusing on security and performance
https://t.co/ov6KUHEgeM

[Gamma Labs @StrategiesGamma]

@ubenjammin2 Definitely. https://t.co/qT9NrQKNYn

[Gamma @GammaStrategies]

Visor is in favor of taking responsibility and covering loss as the priority. Responding to an evolving attack is difficult, so thanks for bearing with us. As always we are working to make sure proper position management of LP's funds is thoughtfully implemented.

[Gamma Labs @StrategiesGamma]

PSA: Use flashbots or other private RPC when conducting your rebalances ⚡️🤖
https://t.co/e58ZxItWgg

[Chainsight @ChainsightLabs]

Ironic that a @Uniswap v3 Optimizer, @PopsicleFinance, just suffered from the largest Just-in-Time Liquidity (JIT) MEV attack tracked to date, with $101,825 in fees siphoned from non-mempool-aware LPs during its EOA call to rebalance() the WBTC/WETH pool —
https://t.co/lxHbtTYHoy

[Gamma Labs @StrategiesGamma]

@ubenjammin2 LP's were fulling reimbursed within 30 mins of Visor knowing position loss.

[Gamma Labs @StrategiesGamma]

@0xPEPO Swapping to rebalance a position costs swap fees though. You get true 0% slippage placing a limit order.

[Gamma Labs @StrategiesGamma]

@ubenjammin2 Doesn't look like Popsicle LP's have been reimbursed yet.

[Chainsight @ChainsightLabs]

Ironic that a @Uniswap v3 Optimizer, @PopsicleFinance, just suffered from the largest Just-in-Time Liquidity (JIT) MEV attack tracked to date, with $101,825 in fees siphoned from non-mempool-aware LPs during its EOA call to rebalance() the WBTC/WETH pool —
https://t.co/lxHbtTYHoy

[Gamma Labs @StrategiesGamma]

Running Gamma 2.0

[Gamma Labs @StrategiesGamma]

Markets are down 15% and all positions are 'in-range'. Gamma's strategy 2.0 (auto regressive strategy) widens bands significantly in times of extreme volatility to limit impermanent loss.

[Michael Bentley @euler_mab]

Let's have a conversation about how to manipulate @Uniswap v3's time-weighted average price (TWAP) oracles.

How would you do it? How much would it cost? How much profit could you make?

Read on, or check out my short paper here:

https://t.co/IXDzQgRHrM

[Kurt Barry @Kurt_M_Barry]

broke: arithmetic mean
woke: geometric mean
bespoke: harmonic mean

[Gamma Labs @StrategiesGamma]

Who is profiting from Just In Time Liquidity (JIT) on @Uniswap v3? 📈👇

https://t.co/KNcsqrnEm7

[Gamma Labs @StrategiesGamma]

@banteg Understanding that smart contract risk is primary, having a security framework for analyzing positions and the environment of discretionary risk that the manager chooses is not included in current audit scope. Which is why one is needed.

[Gamma Labs @StrategiesGamma]

@banteg And which auditor's scope includes an environment of discretionary risk taking a manger or protocol determines?

[Gamma Labs @StrategiesGamma]

@BapireddyK @VisorFinance @ribbonfinance @TokenReactor Smart contract risk is primary, but having a security framework for analyzing the position and the environment of discretionary risk that the manager chooses is very important.

[Gamma Labs @StrategiesGamma]

With a new era of DeFi protocols like @VisorFinance (Management), @ribbonfinance (Options), and @TokenReactor (Direction) all focused on discretionary strategies w/ managers we propose a complementary approach to audits & risk management but for positions https://t.co/ZYtaTzqqGH

[Gamma Labs @StrategiesGamma]

@hasufl What is a position exploit? It goes far beyond smart contract audits. And it will only get more important to define as DeFi evolves with discretionary strategies dependent on external market conditions.

https://t.co/PYc6JZYtg9

[Gamma Labs @StrategiesGamma]

With a new era of DeFi protocols like @VisorFinance (Management), @ribbonfinance (Options), and @TokenReactor (Direction) all focused on discretionary strategies w/ managers we propose a complementary approach to audits & risk management but for positions https://t.co/ZYtaTzqqGH

[Gamma Labs @StrategiesGamma]

@Madibaa08 @PrudentAnon @hasufl Post mortem was absolutely published. https://t.co/qldCJXhodf

[Gamma Labs @StrategiesGamma]

As always, we will continue to work towards implementing active strategies and position management in a thoughtful and careful way. All of @GammaStrategies materials can be found here: https://t.co/l1yZLhN8wI

[Gamma Labs @StrategiesGamma]

Questions we seek to answer as we develop the Position Safety Framework:

• What qualifies as an unsafe position?

• What monitoring and reactive processes need to be in place to mitigate?

• Who is responsible for loss due to an unsafe position?

• Can LP's buy insurance?