Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday. Bankman-Fried’s lawyers said the updated conditions were a response to the government…
Impermanent Loss
What is DeFi Impermanent Loss?
Impermanent loss (IL) is a phenomenon that can occur when trading on decentralized finance (DeFi) platforms that use automated market makers (AMMs). It occurs when the price of a token on the AMM deviates from the price of the same token on other markets, such as centralized exchanges. In a practical example, Alice and Bob are liquidity providers (LPs) on an AMM for the token ABC. Alice provides 100 ABC and 100 ETH to AMM's liquidity pool, while Bob provides…
Block Education
@BlockEducation
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