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The Token Sutra Part 2: Unmasking the Exploits
This is the sequel to Part 1 of our market making series. For Part 1, visit The Token Sutra: 101 Positions For Market Makers To F*ck You.The Token Sutra: Estimated to have been written in 2nd Century BC, the text was discovered during a law enforcement raid of the Alameda offices in late 2022.Principles of the Token SutraThe main principle of the Token Sutra is that the real opportunity for profit in "token market making" isn’t in delivering delta-neutral market making services. Rather, savvy...

The Token Sutra Part 2: Unmasking the Exploits
This is the sequel to Part 1 of our market making series. For Part 1, visit The Token Sutra: 101 Positions For Market Makers To F*ck You.The Token Sutra: Estimated to have been written in 2nd Century BC, the text was discovered during a law enforcement raid of the Alameda offices in late 2022.Principles of the Token SutraThe main principle of the Token Sutra is that the real opportunity for profit in "token market making" isn’t in delivering delta-neutral market making services. Rather, savvy...

Founder’s Field Guide to Token Market Making
The opacity and complexity of cryptocurrency market making can be daunting. Despite this, ensuring liquidity is critical for the growth and stability of token economies. This report demystifies the crypto market-making landscape and offers practical insights for founders engaging market makers (MMs). Key considerations include evaluating whether a MM is necessary for your project, MM selection criteria and contract negotiation. Our research is bolstered by real project contracts and insights ...

Founder’s Field Guide to Token Market Making
The opacity and complexity of cryptocurrency market making can be daunting. Despite this, ensuring liquidity is critical for the growth and stability of token economies. This report demystifies the crypto market-making landscape and offers practical insights for founders engaging market makers (MMs). Key considerations include evaluating whether a MM is necessary for your project, MM selection criteria and contract negotiation. Our research is bolstered by real project contracts and insights ...

The Token Sutra: 101 Positions For Market Makers To F*ck You
PrefaceThe Kama Sutra is an ancient Indian text written by Vatsyayana around the 2nd century CE. It is a treatise on the art of love, sensuality, and relationships, and deals with the different aspects of sexual behavior and pleasure. While the Kama Sutra is already well studied and widely available, a mystifying manuscript known as the "Token Sutra" recently emerged, exposing ways to attain satisfaction through a more lucrative form of liquidity. Contrary to its more famous counterpart, the ...

The Token Sutra: 101 Positions For Market Makers To F*ck You
PrefaceThe Kama Sutra is an ancient Indian text written by Vatsyayana around the 2nd century CE. It is a treatise on the art of love, sensuality, and relationships, and deals with the different aspects of sexual behavior and pleasure. While the Kama Sutra is already well studied and widely available, a mystifying manuscript known as the "Token Sutra" recently emerged, exposing ways to attain satisfaction through a more lucrative form of liquidity. Contrary to its more famous counterpart, the ...

Introducing the Paperclip Partners Mirror!
Join us as we explore the frontiers of the future of France and beyond. Subscribe for insightful breakdowns of emerging crypto topics and narratives. Our first post drops at 8PM HKT tonight.Subscribe

Introducing the Paperclip Partners Mirror!
Join us as we explore the frontiers of the future of France and beyond. Subscribe for insightful breakdowns of emerging crypto topics and narratives. Our first post drops at 8PM HKT tonight.Subscribe