𝙴𝚖𝚖𝚊𝚗𝚞𝚎𝚕 🇬🇭🦉(PropAMM dealer)

People are valuable for who they are, not for what they appear to be.

*takes a hit💨* Per-Trade Price Update Bundle (PTPUB): Every individual trade is tightly bundled with its own dedicated price update so that each trade executes with a fresh quote provided specifically for it, by the validator (or delegated PropAMM operator) at runtime.

Me on the plane watching the movie the guy in front of me is watching with no sound:

@nicolelampert sister sage ahh energy

Everything about this clip is brilliant.

@CL207 we need this in the next fifa game

bro

them: wow, thanks for taking the time so late in the night for this call me: oh, it's nothing also me:

鎌田のゴール何回見てもおもろい笑

【国民待望】 🇯🇵本田圭佑のオランダ戦の解説が話題に 『なんなんこの11番ほんまうざいわ』 『このFW(マレン)めっちゃうまないすか？』 『もう一人コーナー付近いっとけよ』 『オランダらしい。守備が緩い』 『板倉は先輩が心強いって言ってた？まぁお世辞的な所もある。そう言わざるを得ない的な』 『ファンダイクはだいぶ落ちてる』 『ドゥンフリースの守備が緩い』 『これなんすか？(給水タイムについて)』 『6番と22番が微妙。言うとくわ。オランダの右サイドやって』 『ガクポって身長何cmすか？え！？やば！！！193cmのWG！』 『オランダはガクポや！1にガクポ、2にガクポ、3にガクポ』 『ワールドカップは見てる方が疲れるな。もう40分でしょ？』 『これが我慢しよ。2022年と一緒やぞ』 『ザイオンさんナイス』 『ないす！いえす！そういうこと！』 『チャンス見逃した！誰のパスからすか？』 『開幕戦退場者3人も出たんすか？』 #サッカー日本代表

> Prop AMMs are just CLOBs on top of AMMs It's really the reverse > they can be can be compared to oracle based AMMs where the oracles are market makers pricing spreads. they can be can be compared to [insert pricing insight source here] based AMMs where the [insert pricing insight source here] are market makers pricing spreads. > AMM LPs are directional capital allocators with the specific expression that their divergence loss will remain less than fees earned. this is the description of a singular systematic static strategy compared to infinite possibility of much more sophisticated and LP rewarding strategies in the universe. > Prop AMMs are fragile in comparison and they’re functionally similar to CEX liquidity. the above point is why this characterisation is fundamentally flawed. the contents of a definition of "CEX liquidity" would expressly elaborate why. P.S. The word you're looking for is Active Liquidity, not "CEX liquidity"

@fede_intern This doesn’t invalidate anything I said lol

On Cuve/Uniswap vs PropAMMs. 1. fully permissionless solutions like Curve and Uniswap are crucial infrastructure and i have deep respect for what they built. that said, they are not sufficient to compete with Solana or with TradFi on execution quality. they are particularly valuable in crisis conditions, when professional market makers stop pricing assets and withdraw, passive AMMs keep running. but there is something worth naming honestly: a significant portion of capital sitting in Curve and Uniswap comes from uninformed LPs who don't fully understand the adverse selection they are absorbing. in normal markets they are effectively subsidizing sophisticated traders. that is not a criticism of the protocol. it is a description of who bears the cost. 2. on capital efficiency and earning power, i think you are agreeing with me on the numbers while disagreeing on the conclusion. yes, PropAMMs will have better capital efficiency. yes, competition will compress yields. that is how capitalism and markets work and the user wins. that is not a counterargument... the second order effect is worth naming too. PropAMMs on Ethereum will compress yields for Curve and Uniswap LPs, not just for each other. better informed market makers will take flow away from passive pools. over time, LPs who cannot compete on information will exit. believing that a single mathematical formula can optimally price any asset at any moment, regardless of market conditions, is not a conservative assumption. professional market makers update quotes continuously based on order flow, inventory, volatility, and context. passive AMMs do none of this. locking capital into a static invariant and calling it market structure is, in the end, almost anti capitalistic. it assumes away the information problem that markets exist to solve.

the beauty of globalisation and the internet is that a decade ago, only fellow Africans would understand this joke to be able to make this meme post

@zerep_dalb holy ball knower

“que raro, ya dos balones en el palo para Ecuador” - medio país en costa de marfil en este momento:

Every day we are gifted a new generational World Cup clip, I’ll never get tired of these

toda latinoamérica con Japón

“You can only celebrate your country’s goals” Me after Japan equalized against Netherlands

@TheBestqueenx the kids are alright

The true meaning of seizing an opportunity. It looks like she had been waiting her whole life for this moment. 😂

fort greene gay knicks kiss mogs times square sailor war kiss

Japan goalkeeper Zion Suzuki: 🇺🇸 Born in the USA 🇯🇵 Mother is Japanese 🇬🇭 Father is from Ghana 😮

“You can’t celebrate another country’s goal” Me celebrating that Japan Equalizer:

Everyone deserved to celebrate last night especially the folks who make sure our city runs!

New York operates on a kind of magical realism that makes things like this not only possible but commonplace