TheThadP
@TheThadP
Market & OnChain Intelligence at Galaxy Research.
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1.7K Following 752 Followers
Correlation isn't enough to make a good assets for an AMM pool.
Semis move together and still need ~130x annual turnover to break even.
Cola duopoly: ~16x
Big banks: ~5x
Moving in the same direction isn't the same as moving the same distance.
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To our knowledge, the first backtest of the full S&P 500 as a single AMM pool, and more exploratory analysis👇
I was the first LP in an all stock NVDA/AMD/SNDK pool on @CurveFinance.
Permissionless, live in minutes, and (it turns out) mostly a donation to arbitrageurs.
@newmichwill, @llamaintern we did the math on which pairs do work: dual share classes, duopolies, big banks, oil.
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