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Toxic Flow and High Frequency Trading
Like traditional high frequency trading, understanding toxic flow is really important here. You have to think about where am I in this pecking order? Am I the best searcher out there? There's a whole issue around like quote unquote salmonella tokens which are like tokens that look like you confront on them, but actually in the token itself, it locks the liquidity pool. So they're basically a way to like take money away from searchers.