coder / lawyer. research at @paradigm
Good piece! I would quibble with how this is put. If MakerDAO removed all custodial stablecoin collateral that would presumably make it HARDER for them to charge a positive stability fee on ETH collateral (since they’d need a lot more usage of it)
Consensus research doesn’t end with the Merge Brilliant work from Joachim et al on possible future directions for Ethereum proof-of-stake!
This thread also has a good explanation of their paper:
Great talk from @Tim_Roughgarden on loss vs. rebalancing (LVR) This is obviously the correct metric for measuring "impermanent loss" as a running cost over time
