Never fill a gap with a zero
Four rules our market history follows: never average two venues, never fill a gap, never keep two copies, and never include a series that lies about itself.
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4 posts
The skew matters more than the hedge decision
One assumed parameter moves a hedging result by more than the gap between hedging and not hedging. We measured it instead, and it is not one number.
ReadHalf of Uniswap LPs lose money. Here is how to check first.
Over half of Uniswap v3 positions finish behind once impermanent loss is counted. The advertised APY cannot tell you that. Here is the number that can.
ReadWhat protecting $10,000 of ETH for a year costs
Hedging is asked for more than almost anything. Priced at every strike, spend and tenor, it lost in every configuration tested.
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