M question is, so if you can translate any constant function market making aseto, like a discretionary strategy, oet, that you could execute on, le's say, binan or bit finex, and if you did that, you would get crushed by the other market makers who run like more adept strategies. Well, i would agree that the constant function market making would eventually get crushed because people, people would just figure out what that function is. Thy would game it, im, rightor urjus, a better model wouldw would crush it. But i would also think that the a m ms will evolve as well. Right? Were a, similarly to traditional market makers...
In this episode, Su and Hasu talk to Matt Castro and Brad Koeppen of CMT Digital, one of the longest-standing trading firms in crypto.
Topics covered
- What their firm does in crypto
- What CMT thinks about DeFi
- The rise of AMMs and their future
- Why CMT co-founded the Chigaco DeFi Alliance
- Why community-funded coins have performed better than VC-funded ones, and whether this trend will continue
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.