"There is a liquidity-sensitive variant of LMSR (LS-LMSR) which addresses this problem, but it is lacking in one key feature we care about: the ability of users to inject their own liquidity into the market."
Why is it important that users can inject their own liquidity?
I'm having trouble understanding this statement:
"There is a liquidity-sensitive variant of LMSR (LS-LMSR) which addresses this problem, but it is lacking in one key feature we care about: the ability of users to inject their own liquidity into the market."
Why is it important that users can inject their own liquidity?
Thanks for the shoutouts! <3
I'm struggling to understand Pepe's proposal.
k = y^p * n ^(1-p).
If p = 1, does this become a regular CPMM?
What's the reasoning behind only graphing the top 5 responses? Why not all?