Conversation

Dan McArdle
@robustus
No need to overthink it. Retail takers are happy to pay the 30bps fees in order to avoid the friction of registration/kyc/login/2fa/wait times/etc, plus breadth of asset availability. Pro traders may hate AMMs, but clearly only a small % of market participants are pro traders.
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SBF
@SBF_FTX
18) or, finally: d) someone is paying you to use the AMM, e.g. yield. So in summary, either the LPs are losing; the retail takers are losing; or someone is paying the system to compensate for those. And when that yield goes away, you're back where you started.
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MetaTofu
@MetaTofuSan
Replying to
@SBF_FTX
@SBF_Alameda
and
@robustus
I was surprised you didn't mention Serum once in your thread. Because I was reading the thread and went "serum solves that. Serum solves that too. Serum solves that as well." And then got slightly disappointed not seeing Serum mentioned.
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