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The New DeFi Meta with Paradigm’s Head of Research, Dan Robinson
Bankless
The Role of Active Liquidity Providers in Online Poker
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One of the reasons is you mentioned passive versus active. At least one of the studies I saw says that active liquidity providers lose more money than passive. One possibility, some liquidity providers are making just money hand over fist and everyone else is losing money. And another is just like people are dumb,. But it also is weird because like, when you, you mentioned laziness, like who are writing these complicated bots seem to be losing money - maybe more money than others.
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