This post is a new installment in an ongoing series by @0xfbifemboy on Uniswap liquidity pools, concentrated liquidity, and fee dynamics. …

This post is a new installment in an ongoing series by @0xfbifemboy on Uniswap liquidity pools, concentrated liquidity, and fee dynamics. It is the second of multiple posts in a subsequence which aims to focus on the characterization of toxic flow in ETH/USDC swap data and potential implementations of price…

This post is a new installment in an ongoing series by @0xfbifemboy on Uniswap liquidity pools, concentrated liquidity, and fee dynamics. It is the first of multiple posts in a subsequence which aims to focus on the characterization of toxic flow in ETH/USDC swap data and potential implementations of price…

This post is a new installment in an ongoing series by 0xfbifemboy on Uniswap liquidity pools, concentrated liquidity, and fee dynamics. It is a direct follow-up to a prior analysis, Usage of Markout to Calculate LP Profitability in Uniswap V3, aimed at addressing several finer points which were not adequately…

This is the latest installment in a series of posts by 0xfbifemboy about the design, performance, and utility of concentrated liquidity and AMMs. Introduction Originally, with fully ambient, constant-product AMMs such as Uniswap V2, liquidity providers (LPs) only had one choice to make in any given liquidity pool: what percentage of…

This post is a new installment in an ongoing series by 0xfbifemboy on Uniswap liquidity pools, concentrated liquidity, and fee dynamics. Many thanks to @thiccythot_, 0x94305, and 0xShitTrader for very helpful comments and discussion throughout the preparation of this article. Introduction Recently, there has been a great deal of discussion around…

This is the fourth in a series of multiple posts about dynamic fee policy for AMM liquidity pools. In the previous post in this series, we constructed a dynamic fee policy for ETH/USDC liquidity that cleanly outperforms all three of Uniswap’s static fee tiers. However, we also noted that our…

This is the third in a series of multiple posts about dynamic fee policy for AMM liquidity pools. Previously, we explored the dynamics of Uniswap ETH/USDC fee accrual across the three static fee tiers by looking at extremely low-resolution data (one snapshot every 10k blocks). We found that it was…

This is the second in a series of multiple posts about dynamic fee policy for AMM liquidity pools. In a previous post, we laid out an empirical framework for construction of a ETH/USDC dynamic fee policy. This article builds on that empirical framework by looking at low-resolution (one snapshot every…