danrobinson
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Trying to get o3 to write a paper for me and it got stuck on a pretty basic misunderstanding of AMMs and path dependency
So we're now 10 messages deep into an argument about it
Incredibly addictive, this will replace Twitter
So we're now 10 messages deep into an argument about it
Incredibly addictive, this will replace Twitter
DEXデザインに深く入っていくほど、どれも教条的であることが滑稽に感じられる
すべては細かい微細構造の詳細に依存している
すべては細かい微細構造の詳細に依存している
Is there any way to do an onchain prediction market for p(doom)?
Given the impossibility of settlement in the apocalypse and the difficulty of credit in the non-apocalypse case
Given the impossibility of settlement in the apocalypse and the difficulty of credit in the non-apocalypse case
「中央集権型のシーケンサーを使用しないでください。なぜなら、いつか彼らがあなたから巧妙に価値を引き出すかもしれないからです。
代わりに、あなたから最大限の価値を引き出すことが保証された分散型シーケンサーを使用してください、今日。」
代わりに、あなたから最大限の価値を引き出すことが保証された分散型シーケンサーを使用してください、今日。」
シーケンサーが分散型かどうかはそれほど重要ではないと思います
最も重要なのは、彼らがどのルールに従っているか、特に彼らがその権力を使ってユーザーを傷つけたり価値を抽出したりするかどうかです
抽出型の分散型シーケンサーや、非抽出型の中央集権型シーケンサーを持つことができます
最も重要なのは、彼らがどのルールに従っているか、特に彼らがその権力を使ってユーザーを傷つけたり価値を抽出したりするかどうかです
抽出型の分散型シーケンサーや、非抽出型の中央集権型シーケンサーを持つことができます
Any researchers at Solana Accelerate who want to meet up? DMs are open
Here's a mystery:
AMMs seem to be much more profitable when buying ETH than selling it
Look at how these cumulative markouts (grouped by direction) diverge over time
The pool made >$20m from its ETH buys, but lost >$24m from its ETH sells!
Any theories?
AMMs seem to be much more profitable when buying ETH than selling it
Look at how these cumulative markouts (grouped by direction) diverge over time
The pool made >$20m from its ETH buys, but lost >$24m from its ETH sells!
Any theories?
These are the cumulative 15m markouts for the Fluid ETH/USDC pool.
It has bled out $8.5m in EV, and its trades were unprofitable all the time, not just during rebalances.
There are no profits to make up for the costs from rebalancing. The pool never makes money in expectation.
It has bled out $8.5m in EV, and its trades were unprofitable all the time, not just during rebalances.
There are no profits to make up for the costs from rebalancing. The pool never makes money in expectation.
Respect for @0xfluid posting this post-mortem
But their proposed solution—to make liquidity more concentrated—seems like the wrong choice
The pool is not just losing money during rebalances. It is losing money constantly—AFAICT, fees do not make up for arb losses
So concentrating liquidity more would be a double whammy—faster loss to arbs between rebalances, and more frequent rebalances
But their proposed solution—to make liquidity more concentrated—seems like the wrong choice
The pool is not just losing money during rebalances. It is losing money constantly—AFAICT, fees do not make up for arb losses
So concentrating liquidity more would be a double whammy—faster loss to arbs between rebalances, and more frequent rebalances
Fast trustless bridges usually require payments to be locked up in escrow
But what if users could just send to the relayer—trustlessly, and at a fraction of the capital and gas cost of the escrowed model?
Introducing Across Prime, a new design from me @hal2001 @mrice32
🧵
But what if users could just send to the relayer—trustlessly, and at a fraction of the capital and gas cost of the escrowed model?
Introducing Across Prime, a new design from me @hal2001 @mrice32
🧵
Every Ethereum researcher is focused on MEV when their biggest problem is scaling
Every Solana researcher is focused on scaling when their biggest problem is MEV
Every Solana researcher is focused on scaling when their biggest problem is MEV
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