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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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