Back when I was a quant, we had a saying:
“You don’t get paid for risk you can hedge”
LPing tokenized equities is a waste of capital and risk. Best case you get your shirt ripped off by HFTs.
This LP isn’t a genius — he’s a lucky idiot
Ondo fixes this
This is what an LP calling the range right looks like.
One LP opened a @xStocksFi CRCLx/USDC position six weeks ago and caught almost the entire price move since. Price wandered up and down the range, they just kept earning.