The crypto bull market is back, best exemplified by worthless meme coins PEPE and Shiba rising to market caps of $3B and $21B, respectively. These types of coins have lottery-like payoffs, making them enticing buys when crypto bros are flush with 'house money.' They could also highlight a worst-case scenario for liquidity providers (LPs), who are short volatility.
LP Profitability on Long-Tail Pools
LP Profitability on Long-Tail Pools
LP Profitability on Long-Tail Pools
The crypto bull market is back, best exemplified by worthless meme coins PEPE and Shiba rising to market caps of $3B and $21B, respectively. These types of coins have lottery-like payoffs, making them enticing buys when crypto bros are flush with 'house money.' They could also highlight a worst-case scenario for liquidity providers (LPs), who are short volatility.