🚨 Interesting update to our model of LVR with fees! Our updated paper with @ciamac @Tim_Roughgarden now also captures gas fees. Most importantly, we prove that lower gas fees **help LPs** by reducing LP losses. 1/2

🔥 When can a network prove an object is where it says it is, even if it lies? We nail down the answer in our new paper on DePIN with @0xSerious @josephbonneau @skominers @Tim_Roughgarden. More below. 1/n 👇

@AcmSIGecom and community, come learn about AMMs on 6/26 at 2pm ET! @ciamac, @Tim_Roughgarden and myself are super excited to be presenting a virtual #EC2024 tutorial on automated market makers (AMMs) and loss-versus-rebalancing (LVR). Here’s the website: .