Thursday, March 30, 2023
FTX's Mythical Origin Story
One of the biggest mysteries about the Sam Bankman-Fried (SBF) debacle has been how he initially vaulted into the wealth stratosphere. The ...
Friday, March 24, 2023
Uniswap LP Profitability Update
Most crypto traders are confused by the Impermanent Loss (IL) generated in Uniswap’s Automated Market Maker (AMM). The question below posed...
Wednesday, March 22, 2023
Why Trusted Blockchains Cannot Support CLOBs
Today's most efficient and liquid exchanges are central limit order books (CLOBs). It is a computerized system that aggregates and matc...
Friday, March 17, 2023
Perp Funding Rate Farce Continues
Recent 20% crypto movements have demonstrated again that perp markets continue to gouge their customers. I have written about this several...
Tuesday, November 01, 2022
How to Eliminate Impermanent Loss
Impermanent loss ( IL ) is like an exogenous tax on the suppliers in automated market makers ( AMMs ). While liquidity providers ( LP...
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