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Agustin Lebron - Trading, Crypto, and Adverse Selection
Dwarkesh Podcast
Is There a Comparttive Advantage of a Market Maker?
The role of a market maker s and crypto. If you have automate market makers like unosop or something, so thenwhat is the comparttive advantage of us smart market makers? Well, so i think the thing i would argue is an, perhaps you've seen this paper from last fall, hat shows that at least half of liquidity providers on unisa v too lose money. They just lose money. So i am personally, long termd sceptical about c f m m as a market mechanism that is going to work. I just don't see how it makes sense for somebody to just throw some money in a pool and expect to get sort of outside returns by just doing
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