1 Followers
Although liquidity providers face uncompensated losses (IL) equal to the profits of traders, similar to providing liquidity to DEX, SMILEE reduces the uncompensated losses of liquidity providers by rebalancing liquidity provision positions in real time when option transactions occur.
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Depositors receive OT (ownership tokens), which grant the right to claim the principal at maturity, and YT (yield tokens), which grant the right to claim the interest generated