🟪 Given one more chance to defend himself, SBF blew it

The former FTX CEO was sentenced to 25 years in jail today — and his last words before the court probably did nothing to reduce his jail time.

recent research

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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.