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''Our team also wrote the first peer-reviewed, academic paper on the Uniswap protocol'' Sorry, that makes them sound a lot like ADA/Cardano, whose only selling point was ''we phds''. I like your insights so this is by no means an attack. What makes them different?
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except that they seem like: a) useful vehicles to drop yield in b) useful vehicles to make the default action "price doesn't move" c) good at tricking unsophisticated traders into thinking IL is less bad than just a loss
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I tend to agree with you. I love the idea, but it's still in experimental phase imo . Those amms seem more sophisticated than they are and most people have no idea what they are doing and how to evaluate r:r properly. That doesn't stop me from being bullish long term, tho.
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