You do MEV and have to testify in front of congress - how are you framing this as value adding to the ecosystem?
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I guess the hft parallel here is that liquidations inherently good but arms race to be the one to get the liquidation is at times wasteful.
Absolutely, I forget where I read it but I read something suggesting co-ops or rotations could eliminate the waste. What I will say also is that to the extent that there is waste, that it is privatized is better than the losses being socialized
