Decentralized automation introduces a whole new set of possibilities for web3 that have second order effects on how the markets behave. What happens when you can set limit orders and stop losses on a DEX? What happens when liquidations are a thing of the past? And what happens when anybody can take a yield-bearing delta-neutral position? The potential is limitless, not only from an on-chain efficiency perspective but most importantly from an end user perspective. The creation of DeFi services...