Uniswap, Defi, Uniswap V3.
previous example, it follows that the LP is better off if they can take trade more gradually, rather than all at once. Let’s consider a short-block world where the price changes by +0.1% two times (i.e. from $3000 to $3003 and then to $3006), and a long-block world where it changes by +0.2% at