this?
I believe because the invariant is effected by external price and as a result of this the prices within a band may not be consistent as they would be in uniswap. Meaning you don’t know exactly what price you are always buying and selling at within a specific range, it changes, leading to the permanent loss
Im thinking its because the shape of the curve when `oracle_price' decreases is not the same as the curve when `oracle_price' increases. So the arbitrage during liquidation is smaller than it is on the way back up, during deliquidation
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