Thanks for the analysis, the counter points below. 1) Simple XYK is necessary to quote from 0<>Infinity.
03 Oct 2023, 07:23
Thanks for the analysis, the counter points below.
1) Simple XYK is necessary to quote from 0<>Infinity
> Range bound liquidity cannot do this
> Infinite quoting is required to support Liquidity Synths
> Synths are needed for fast/cheap arbitrage against slow/expensive L1s…