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*Gauntlet enters the 🦄 Arena*

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Sep 19, 2020

Gauntlet is excited to be a quantitative-minded protocol politician for $UNI / @UniswapProtocol If you're interested in scientific, automated governance based on risk research, delegate to us below 0x6626593C237f530D15aE9980A95ef938Ac15c35c app.uniswap.org/#/vote

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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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and

Quite different! A year ago, most traders such as

@SBF_Alameda

and

@cmsholdings

didn’t believe Uniswap could work / made sense to trade on. We spent time showing that these markets can work under some conditions familiar to structured products traders.

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I still don't think AMMs really make sense long-term ;)

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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