Depositing more should not earn less
Conditions on lending rate curves that keep supplier income monotone.
Research & notes
Here is some of my independent research on AMMs, lending markets, and related topics. Feedback is always welcome.
Impermanent loss in a DLMM
Deriving impermanent loss across discrete liquidity bins.
Liquidity ranges in concentrated AMMs
Comparing liquidity ranges against holding, with equal starting capital.
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