Dima
@sirenamc
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89 Followers
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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: 1 reply
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Congratulations, girls, with springβs warm embrace!
May joy fill your home with love and with grace,
Let happiness bloom like a garden in May,
And may your bright dreams come true every day!
May the sun shine into every window with glee,
And the spring flame burn in your hearts, wild and free!
Wishing you smiles, flowers, and fun all around,
And love overflowing, with no limit found! ππ 0 reply
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