"an n-dimensional automated market maker, "
Won't end well.
Quote Tweet
Three days after launch, Balancer boasts $190,000 liquidity and $16,000 volume (via @teo_leibowitz) theblockcrypto.com/genesis/60757/
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Conversation
Replying to
I read that article and still have no idea in what sense Balancer is a "Market Maker".
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I admit to not forking out $250 per month for TheBlockPlusPlus so I just read the executive summary
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Heh--I think The Block often has decent analysis, but this one read a lot more like a press release.
"The multi-dimensional nature of Balancer pools allows them to serve..."
"...with the added advantage..."
"The muted volumes are to be expected..."
"A novel feature..."
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don’t quite follow here. those quotes are all obejectively true.
1. balancer is n-dimensional AMM
2. DEX volumes are down across board this week (you also conveniently edit out second part of that sentence)
3. discretionary fees are novel feature vs. default 0.3% from uniswap
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for some more insight into the mechanics of balancer you can read linked report in first para
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3/4 of your quotes are pulled from the intro paragraph lol. no mention of power law distribution?
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Not a huge deal, but it's actually 2/4 quotes, not 3/4.
And didn't mean to say it was inaccurate! Just that in a way I have hard time describing, the language and phrasing in it sounded promotional.