in the new age of Zoom working, 6 months a year is essentially local staff. the obvious benefit here is nearshoring: employ staff in low cost locations but bring them over regularly
here I think the point is different though: keep your local coverage staff local to comply with regulations, and bring them over to London every other week to catch up with the wider team
companies are happy, regulators are happy — the only one missing out is HMRC….
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I am working on paper on Impermanent Loss, and I want to put a few thoughts out here to get them sorted before the paper proper is published
quick reminder: Impermanent Loss is what happens to you when you provide liquidity in an AMM, and it usually is everything but impermanent
IL is generated because an AMM sells the outperforming asset and buys the underperforming asset, so you miss out on the moon shots, but you are fully invested all the way down...
Alright, how wants some fun analysis on Santander bikes?
@TfL has a great API and I have been polling it for almost two weeks now to get the detailed status.
Firstly, there are almost 21,000 docks but only 8,000 bikes, so max dock occupation is 38%
What surprised me that peak usage of the bikes is actually not that massive. Even at the lowest level of availability there were only 2,000 of the 8,000 bikes in use