
Bonus: The Crypto Story by Matt Levine - Part 6
Bloomberg Crypto
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Using Ethereum's Computer Power and Cost Gas for Market Making
Vitalik Buteran: Market making is very expensive, as creating an order and removing an order both take gas fees even if the orders are never finalized. The mechanism would be a smart contract that maintains the invariant that A times B equals K for some constant K in the version where people can invest. "This isn't a thing that really exists in traditional finance," he says.
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