Alex Nezlobin

fml, our grocery store runs out of eggs by 9am. I offered a simple solution to the manager: 1. Put a pile of cash next to the eggs 2. Have a cashier there to sell eggs checking that the product of the number of eggs remaining and cash in the pile remains unchanged after each

Here is my favorite argument for scaling the L1, illustrated with two pictures. Plot #1: markouts earned by arbitrageurs (red) vs paid by uninformed (green) in the 5bps eth/usdc pair on L1: As you can see, arbitrageurs make good money but a lot of the LP losses are offset by https://t.co/kgNywpLbcN