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hayden.eth 🦄
@haydenzadams
Great thread! High margin professional tradfi market makers are the definition of the entrenched and extractive middlemen defi promises to replace and democratize. I love watching it happen in real time 💜
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Cyrus Younessi
@cyounessi1
Super interesting technical discussions on both sides of the AMM debate tonight(@SBF_Alameda and @KyleSamani vs @danrobinson). There are also plenty of practical reasons for Uniswap's strong PMF, though. Here's the bottom line for me, as an active Uniswap LP:
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hayden.eth 🦄
@haydenzadams
Reminds me of a convo w/
@scott_lew_is
in the early days of Uniswap where we discussed professional market makers getting outcompeted by passive pooled LPs that would happily accept much lower margins :)
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