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...