ve(3,3)2 min read
Why 100% of Fees to Lockers Matters
Most DEXes keep a slice of every trade. Here is what changes for a token holder when the protocol keeps nothing, and what it costs the protocol.
Most DEXes keep a slice of every trade. Here is what changes for a token holder when the protocol keeps nothing, and what it costs the protocol.
Impermanent loss is the cost of automatic rebalancing. On a tokenized equity that gaps at the open, it behaves differently than on a crypto pair.
Tokenized equities can earn trading fees and emissions on top of price exposure. Here is where the yield comes from, and what it actually costs you.