Utter word salad from Daniele
What he fails to realize is that MEV bots CURRENTLY perform JIT on stable-stable V3 pools whenever economical (ie if fees accrued > LP position delta change + batched txn gas cost)
Given majority of V3 stable volume flows thru .01% poolsโฆ
๐งต๐
What he fails to realize is that MEV bots CURRENTLY perform JIT on stable-stable V3 pools whenever economical (ie if fees accrued > LP position delta change + batched txn gas cost)
Given majority of V3 stable volume flows thru .01% poolsโฆ
๐งต๐
If he/Popsicle were to enter the JIT game rn in an attempt to siphon fees off stable LPers -> disincentivize V3 liquidity provision -> Curve stableswap mkt shareโฌ๏ธ, theyโd be in the same position as other MEV bots rn (JIT wen economical) โ nothing to FURTHER increase JIT
(Fun fact, JIT only makes up 1-2% of total UniV3 fee revs. If it were more profitable to do so more often, aka w smaller swaps, MEV bots would be all over it lol)
Also, wasnโt his other product a UniV3 โpassive liquidity provisionโ vault, of which was heavily concentrated between ticks to push up purported yields, thus beefing liq?? (obvs ignoring the amplified short gamma/rebalancing IL/toxic flow)
Yea, I call bullshit on that ser
Yea, I call bullshit on that ser
Another fun fact, Curve swaps arenโt inherently more efficient @ time t โ depends on A factor + fee of said Curve pool(s), liq concentration + fee tier of said V3 pool(s) and ofc swap amnt
Why would u need to JIT UniV3 if Curve inherently provided better execution?
Why would u need to JIT UniV3 if Curve inherently provided better execution?
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