Uniswap, Defi, Uniswap V3.
CEX, the LP fee becomes smaller than the LVR, resulting in some loss for the LP against this (theoretical) rebalancing strategy. Example scenarios Let’s model the in-range liquidity of the Uniswap v3 ETH/USDC 0.05% pool. As of April 2024, it has approximately $1 billion worth of virtual assets,