
Dima
@sirenamc
608 Following
53 Followers
638 replies
11654 recasts
12007 reactions
0 reply
0 recast
0 reaction
4 replies
0 recast
6 reactions
3 replies
1 recast
5 reactions
10 replies
3 recasts
16 reactions
0 reply
0 recast
0 reaction
2901 replies
5309 recasts
6396 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
10 replies
9 recasts
83 reactions
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: 2 replies
8 recasts
32 reactions
0 reply
0 recast
0 reaction
4 replies
6 recasts
16 reactions
35 replies
10 recasts
126 reactions
Congratulations, girls, with springβs 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! ππ 0 reply
0 recast
1 reaction
29 replies
63 recasts
334 reactions
6 replies
2 recasts
5 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
3 reactions