Thread by @korpi87

1) While I, as active liquidity provider, am excited about sophisticated options for LPs in $UNI v3, I'm also concerned that too much complexity will only serve few in the know and leave the majority of (passive) LPs behind.

https://twitter.com/Fiskantes/status/1374457043025752066

2) Although I haven't conducted a survey to justify my thesis, I'm quite convinced that the majority of current LPs don't actively manage their pools. This is based on my observations and pushed me to share a set of "advanced" strategies for active LPs:

https://twitter.com/korpi87/status/1372634328308518912

3) Uni v3 feature to provide liquidity only for a given range (+ other options) will be useful for professional market makers who will likely eat lunch of passive LPs. If passive LPs earn less, they may look for alternative simple solutions.

https://twitter.com/Fiskantes/status/1374459340581601283

4) The most desired scenario for each token holder is to be fully exposed to the price increase of the token while earning passive income from holding. You don't want to have less of your token when its price goes up which happens in the case of AMM like Uniswap and Sushiswap.

5) With Uni v3, if you decide to provide liquidity for a given price range only, you can end up not having your favourite token at all. It happens when its price goes above the upper limit of the range. Your pool will only contain the other (cheaper) token from the pair.

6) So providing liquidity for a price range can be good for LPs who actively manage their pool and are indifferent to tokens in the pool. It is a great feature for professional market makers but not really for diamond-hand hodlers like, for example, $LINK marines.

7) So what is the best AMM for $LINK marines and other strong hodlers and token enthusiasts? The one which guarantees no impermanent loss and passive income without complex management? It's @Bancor $BNT

https://twitter.com/korpi87/status/1372902149039001607

8) To sum up, I'm happy that AMMs evolve from simple x*y=k formula into more complex designs but I still think that features provided by @Bancor are more beneficial for the majority of users. Congrats $UNI for innovations but I'm still more bullish on $BNT.