You can't start the next chapter if you keep rereading the last one

You don't always need a plan sometimes you just need to breathe trust let go and see what happens

Ethereum

ETH Daily - 26th March 📰

-Hoodi activates Pectra 🚊
-Introducing EIP-7917 📄
-PeerDAS information hub 📚
-Obol releases Charon v1.3.0 🛠️

ETH Daily - 26th March 📰

-Hoodi activates Pectra 🚊
-Introducing EIP-7917 📄
-PeerDAS information hub 📚
-Obol releases Charon v1.3.0 🛠️

https://pods.media/ethdaily/hoodi-activates-pectra-fork?referrer=0xEB40A065854bd90126A4E697aeA0976BA51b2eE7

great set of documentaries about different software technologies, languages and frameworks

Definitely worth checking out

https://techdocumentaries.com

Warpcast

@unbanksy @ind-igo @hohmward are working on something interesting at @baselinemarkets – specifically rebalancing LPs for better price discovery, floor management – basically something a private MM would do for your big token.

however, i do have some questions:
1. rebalancing LPs -> loosing money due to IL, and IL in concentrated positions is crazy – how is that accounted? wouldn't you need extra supply of both assets on each side for rebalancing when the price goes steadily up or down? if so, where those come from? who "eats" the loss?
2. how "far" this rebalance can be supported?
3. do you hedge IL anyhow?
4. are there any simulations publicly available?
5. i know uniswap is the center of liquidity distribution, but wouldn't a CSMM dex be more suitable for such?

i might be missing something as i obviously haven't read the docs fully – too much to read

A user asked some great questions about @baselinemarkets and wanted to take the time to answer publicly.

I think Baseline is one of the coolest systems being built in crypto, but I don't think many understand wtf we're doing.

So I'll start with a bit of context.

The concept of IL is a bit incomplete on its own. You have to look at it as "inventory risk", how much risk are you taking on for holding this position vs holding spot. Further, it is a very profit-seeking human way of looking at LPing. In context of the BMM, is not only a market maker, it is also the issuer and originator of the asset. It is *completely fine* holding the token forever, therefore, 0 inventory risk. Its a smart contract, with its sole job to ensure the health of the market, via providing liquidity in the pool, lending, and supporting price.

so to answer the questions:

Programmatic Liquidity. Builder of @yesdotmoney with 1 billion tokens coming soon

7 Days of Vibe

Sometimes they need some extra encouragement

Eternity is not a distance but a decision."‌

serenesky

@serenesky