Is There a Difference Between Auto Bookby and Meta Bookby?

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In an mem system, you could have something as simple as you say, ok, i will always be on the best bid. Whatever the oracle is, i will bid one level below that. And anyone who sees my order, who wants to match with me, thay can hit my and then we're both filled. Ray: There's a new generation of m ms coming that have the benefit of am m, so that there's always liquidity,. Like anyone can automate a strategy a, but with the ewith benefit, it's actuall sactually a really powerful conseent....

In this episode, Su and Hasu talk about decentralized finance (DeFi). Topics covered: - What DeFi means to Su - Why use DeFi over CeFi? - Is the current demand organic or subsidized by VC money? - Where users will allocate on the trust spectrum - The delicate dance between regulatory arbitrage & attracting talent and capital - The path to decentralization - Most important DeFi use cases today and in the future - How AMMs work and can be improved - The core building blocks of DeFi - Incentive mechanisms - Tokenized balances - Atomic transactions - Will a boom in DeFi translate to ether? Su Zhu is the CEO and CIO of Three Arrows Capital. Hasu is a cryptocurrency researcher and writer. Together, they publish on Deribit Insights and uncommoncore.co.