The long horizon ones are also interesting on Polymarket because the vast majority don't have APY. As a result, prices should be discounted, but sum-to-1 doesn't allow for it. I'd expect a negative skew to the…
Great paper. Still digesting after a first pass, but it looks really solid. Quick question: did your team consider the implications of capital recycling on the maker side? Liquidity providers tend to have superior tech…
The long horizon ones are also interesting on Polymarket because the vast majority don't have APY. As a result, prices should be discounted, but sum-to-1 doesn't allow for it. I'd expect a negative skew to the…
Great paper. Still digesting after a first pass, but it looks really solid. Quick question: did your team consider the implications of capital recycling on the maker side? Liquidity providers tend to have superior tech…