S3E23: Can You Price Carbon with Crypto?—w/ Chris Burniske of Placeholder VC
Reversing Climate Change
00:00
How Does Liquidity Work?
liquidity refers to the depth of what can be bought and sold on a marketplace at any point in time. The world's markets vary in their liquidity, right? If all that was ever on offer in the books of that exchange was $1, then the liquidity of that market was only $1. So if you had 20 basis points of slippage, that is 1-5th of a percent for a $100,000 order. And then maybe at a million dollars, you're facing 1%.
Transcript
Play full episode
