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In reply to @cld
1/23/2024
Degen
Chris@cld
That reality has been obscured only by the printing of money in the form of speculative protocol tokens distributed to LPs.
In reply to @cld1/23/2024Degen
Chris@cld
Said yet another way, narrow liquidity windows, a la v3, are just buy/sell orders. And wide liquidity windows are just (roughly speaking) integrals of narrow liquidity windows. So even a wide v3 liquidity position is just a progressive buy/sell order.