The Cost of Liquidity

Uniswap has changed everything and I don't know if anybody saw that coming in 2019 maybe you did but it's something I try to explain to my students the cost of liquidity. It took us about a year to prove like the mathematical formalism for Unifop from a profit standpoint. The LP shares are more like ETFs than they are like liquidity provision on Unifop is a little bit more like anETF than it is, he says.