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In reply to @cld
1/23/2024
Degen
Chris@cld
Said another way, LP is to AMM as traditional market making is to order books, and TMM is a sophisticated business.
In reply to @cld1/23/2024Degen
Chris@cld
What is 'automated' in AMM-LP of volatile assets is the syphoning of money from naive to sophisticated participants.