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Dan Robinson
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coder / lawyer. research at @paradigm
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Aug 13, 2022
What's the cost of Market Making to Liquidity Providers (LPs)? In a new paper with @ciamac @Tim_Roughgarden @AnthonyLeeZhang we propose a quantitative and rigorous answer: LVR ("loss versus rebalancing," pronounced "lever"): moallemi.com/ciamac/paper
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Jason Milionis
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