Native's model is interesting.
Instead of LP capital quoting against an AMM curve and taking IL, assets are supplied single-sided and extended as credit to market makers on Native’s order book.
1/ Tokenized equities are moving onchain fast.
Spot volume increased more than 100x in six months and briefly approached 20% of total spot DEX volume.
Our latest report examines the market structures needed to scale this activity and @native_fi’s approach.
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