If SUSHI is rebought on Tuesday with 's ETH, will that be a market buy on the Sushiswap pair? Seems unwise: will be frontrun, and likely with high slippage as noone wants to be run over as LP in the pool. Perhaps buy in small increments at random times?
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twitter.com/SushiSwap/stat
1 hour twap
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SUSHI buyback:
if snapshot.page/#/sushi/propos ends with an avg of 560k or less (currently ~400k), then snapshot.page/#/sushi/propos will be executed. This would cause the treasury to use the $14m ETH to buy back SUSHI on Tuesday, 9/15 from 1am-2am UTC, TWAP, on Sushiswap SUSHI/ETH pool.
I'm not too familiar with uniswap mechanics, what does this mean? Is it a one time purchase where the price is guaranteed to be the 1 hour twap somehow?
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No think of it as a series of orders over the hour to get the average price that traded over that hour
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You can definitely front and end run a 1 hour twap hard!