A stunning resolution of our Uniswap fee problem by & .
Forget impermanent loss - they show how you can become exponentially wealthy by losing money with every breath.
This is a meditation on (non)ergodicity, growth, and risk:
research.paradigm.xyz/uniswaps-alche
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.@MartinTassy @_charlienoyes @danrobinson and I are thrilled to announce our solution to @paradigm's Uniswap Open Problem
Even when LPs lose money on every trade, under some conditions they still do better than HODLers thanks to volatility harvesting 
research.paradigm.xyz/uniswaps-alche
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