Cartea, Álvaro; Drissi, Fayçal; Sánchez-Betancourt, … - 2023
Popular automated market makers (AMMs) use constant function markets (CFMs) to clear the demand and supply in the pool of liquidity. A key drawback in the implementation of CFMs is that liquidity providers (LPs) are currently providing liquidity at a loss, on average. In this paper, we propose...