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life is good

Delicate bursts of pink quietly stealing the spotlight in nature’s green embrace

Good morning /lifeisgood mates

Qc your pink flower 🌸

Nature

I Took a Photo!

Good morning! Waking up to this tropical vibe—palm trees, fresh air, and a sunny day ahead. Time to grab some coffee and soak it all in! 🌴☀️

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@unbanksy @ind-igo @hohmward are working on something interesting at @baselinemarkets – specifically rebalancing LPs for better price discovery, floor management – basically something a private MM would do for your big token.

however, i do have some questions:
1. rebalancing LPs -> loosing money due to IL, and IL in concentrated positions is crazy – how is that accounted? wouldn't you need extra supply of both assets on each side for rebalancing when the price goes steadily up or down? if so, where those come from? who "eats" the loss?
2. how "far" this rebalance can be supported?
3. do you hedge IL anyhow?
4. are there any simulations publicly available?
5. i know uniswap is the center of liquidity distribution, but wouldn't a CSMM dex be more suitable for such?

i might be missing something as i obviously haven't read the docs fully – too much to read

A user asked some great questions about @baselinemarkets and wanted to take the time to answer publicly.

I think Baseline is one of the coolest systems being built in crypto, but I don't think many understand wtf we're doing.

So I'll start with a bit of context.

The concept of IL is a bit incomplete on its own. You have to look at it as "inventory risk", how much risk are you taking on for holding this position vs holding spot. Further, it is a very profit-seeking human way of looking at LPing. In context of the BMM, is not only a market maker, it is also the issuer and originator of the asset. It is *completely fine* holding the token forever, therefore, 0 inventory risk. Its a smart contract, with its sole job to ensure the health of the market, via providing liquidity in the pool, lending, and supporting price.

so to answer the questions:

Programmatic Liquidity. Builder of @yesdotmoney with 1 billion tokens coming soon

Warpcast

Happy Mountain Monday! Wishing you all a great week. 

In frame: Storm King Mountain, which rises from the Hudson River, is just north of West Point Military Academy.

Congratulations, girls, with spring’s warm embrace!
May joy fill your home with love and with grace,
Let happiness bloom like a garden in May,
And may your bright dreams come true every day!

May the sun shine into every window with glee,
And the spring flame burn in your hearts, wild and free!
Wishing you smiles, flowers, and fun all around,
And love overflowing, with no limit found! 💐😊

fc-updates

Crypto: The Game

Excited to announce we're partnering with Crypto: The Game!

You'll be able to mint your entry in a /crypto-the-game frame tomorrow at 10am ET

reply guys

gn replyguyss

sweet dreamss have a good rest

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Dima

@sirenamc