Concentrated liquidity comes with many improvements over the traditional constant product (i.e., x*y=k) design. It offers better capital efficiency for liquidity providers and reduces price impact for traders. However, prior to the release of the Liquidity Book, concentrated liquidity had one big flaw.
The liquidity book creators must be playing the game in V3. However, in spite of its risk of losses, there is a way to play v3 as a single play with no IL. If you take away all the fun we may not play your game.
The liquidity book creators must be playing the game in V3. However, in spite of its risk of losses, there is a way to play v3 as a single play with no IL. If you take away all the fun we may not play your game.