🟪 This Bitcoin halving will be different — the institutions are here

I believe that the upcoming halving will be unlike any other that came before it for one key reason: Professional investors have entered crypto.

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Research

Loss-versus-rebalancing (LVR) is arguably Ethereum DeFi’s biggest problem, and thus reducing LVR is fundamental to the success of Ethereum. This report dives into the world of LVR. We uncover its importance for AMM designers, discuss the two major mechanism design categories and various projects developing solutions, and offer a higher level perspective on the importance of AMMs in general.