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Jeff Yan - High Frequency Crypto Market Making & the Hyperliquid Exchange (S6E2)
Flirting with Models
The Importance of Using Binance as a Fair
Using the most liquid venue as the fair is a really good first approximation. That being said, I think you need to be careful when just using an external source as a fair. It's never going to be as simple as okay, here's a number that I pull from some feed and that's my fair"
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