@ind-igo

1: there is no IL to the protocol. The entire token supply originates in the BMM, it calculates a BLV based on the reserves it has at any moment, which it deems as its price that it is willing to buyback the entire supply at. Any selling of the token above BLV is "profitable" to the system, no matter what. It will also willingly hold on to the tokens forever, until someone buys it at a price it sets on its own. There's more nuance here but this is the simplest way to look at it. 2. There are bounds of when the BMM is willing to rebalance. If the rebalance causes us to be in a state we do not like, then we simply do not rebalance. Again, there's no inventory risk, so BMM is totally fine waiting. 3. Nope. However, we are making improvements to the system constantly to make it more profitable. Its not perfect but we get closer with each iteration.

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