TheThadP
@TheThadP
Market & OnChain Intelligence at Galaxy Research.
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Joined December 2010
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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