the scariest monster for LPs this Halloween 👻 unmasked it, arbitrage bots all along. @metricxyz prices pools off Chainlink + Pyth oracles so they stop eating your fees https://t.co/ofI3Qc4ZnR
and it's not only the LPs, in 6 hours of yesterday's volatility, 19.2% of uniswap's released fees never reached the burn: $320k went to builders and searchers different mechanism, same lesson: whenever an onchain price lags the market, bots collect the difference that's why @metricxyz anchors its pools to an oracle. the price moves with the market, so less is left on the table for bots and more goes to the LPs 🦊
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 🦊
If CT spent more time working their bags (giving visibility to projects that actually deserve it) and less time FUDing (coping about why they missed out), we'd all be way richer There are fewer and fewer people bearish on Hyperliquid or Variational lately Do the math
pools of the day on @metricxyz 🐶 numbers on a $1k example, scale it to your size stocks tape is green so leaning stock - $TSLA : swap ~$620 into TSLAB, 1 bin left of the line + the line + 3 right - $SPCX : swap ~$440 into SPCXB, 2 left + the line + 2 right both green dot pools, exits on the card, skipping anything that reports this week till after the print
good read from @castle_labs on why Metric pools actually pay LPs @Uniswap v3 LPs lost $35.6M to arb bots this year even after fees, @metricxyz prices off an oracle so most of that loss goes away & each $1 in the pools does ~8x its size in daily volume their LP pick is the same one I run, green dot pool on a blue chip stock