
burn vs budget is one leak, the bigger one is the LPs uniswap v3 LPs lost $35.6M to arb bots this year, even after fees (source @castle_labs ) @metricxyz prices its pools off an oracle. same ETH pool, same 11 days: LPs made +0.44 bps per $ traded there vs -1.01 on @Uniswap if you're going to provide the liquidity, you should be the one getting paid 🦊

