that’s an interesting ask — allow us to bring staff over for up to 6 months a year without requiring a visa. sensible at first sight, but….
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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More from @odtorson

2 Oct
Continuing from yesterday’s thread on Impermanent Loss, and in particular IL for leveraged AMMs

as a recap, the Uniswap v3 style levered AMM is using the regular k=x*y curve, but it restricts it to a particular range Image
restricting it to a specific range a priori significantly reduces IL, eg to about 2pc for a 60…140 range.

However, this effect is undone by removing collateral that can’t be traded out of the AMM and IL is percentage of levered liquidity is high.
Read 12 tweets
1 Oct
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...
Read 31 tweets
30 Sep
Alright, how wants some fun analysis on Santander bikes? Image
@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% Image
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 Image
Read 24 tweets

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