AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Unisa v Three With Concentrated Liquidity
Uniswap created this kind of hybrid automated market maker, slash order book with concentrated liquidity. This massively increased the capital efficiency and the amount of liquidity available for markets. And it has also had the effect of attracting a much more sophisticated set of participants that are able to make money from trading. The entire deck game now is about how do we address minor extractable value, or maximumly extractable value? I think there's actually been a lot of cutting edge work going on over the ears.