X @Ammalgam (δ, γ)
Ammalgam (δ, γ)·2025-12-01 19:26
AMMs powered DeFi’s breakout moment in 2020.But four years later, the economics are breaking: LPs underperform holding, pools are shallow, and fee incentives no longer mask structural loss. ...
AMMs powered DeFi’s breakout moment in 2020.But four years later, the economics are breaking: LPs underperform holding, pools are shallow, and fee incentives no longer mask structural loss. ...