From dccfd53838915dd53fcb15e30500176634730de3 Mon Sep 17 00:00:00 2001 From: Ujjwal Thakur <105385470+smartcondev@users.noreply.github.com> Date: Fri, 6 Sep 2024 10:30:42 +0530 Subject: [PATCH] Update uniswap-v3.md Do not have enough spacing, making it hard to read value, recommended enough spacing here , to better learning experience. --- src/milestone_0/uniswap-v3.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/src/milestone_0/uniswap-v3.md b/src/milestone_0/uniswap-v3.md index 671d080..8a04a2e 100644 --- a/src/milestone_0/uniswap-v3.md +++ b/src/milestone_0/uniswap-v3.md @@ -15,7 +15,7 @@ What caused this problem is that liquidity in Uniswap V2 pools is distributed in ![The curve is infinite](images/curve_infinite.png) -This might not seem like a bad thing, but this makes capital inefficient. Historical prices of an asset stay within some defined range, whether it's narrow or wide. For example, the historical price range of ETH is from $0.75 to $4,800 (according to [CoinMarketCap](https://coinmarketcap.com/currencies/ethereum/)). Today (June 2022, 1 ETH costs \$1,800), no one would buy 1 ether at \$5000, so it makes no sense to provide liquidity at this price. Thus, it doesn't make sense to provide liquidity in a price range that's far away from the current price or that will never be reached. +This might not seem like a bad thing, but this makes capital inefficient. Historical prices of an asset stay within some defined range, whether it's narrow or wide. For example, the historical price range of ETH is from $0.75 to $4,800 (according to [CoinMarketCap](https://coinmarketcap.com/currencies/ethereum/)). Today (June 2022, 1 ETH costs \$1,800), no one would buy 1 ether at \$5000, so it makes no sense to provide liquidity at this price. Thus, it doesn't make sense to provide liquidity in a price range that's far away from the current price or that will never be reached. > However, we all believe in ETH reaching \$10,000 one day. @@ -116,4 +116,4 @@ Ticks are integers that can be positive and negative and, of course, they're not $$[log_{1.0001}2^{-128}, log_{1.0001}{2^{128}}] = [-887272, 887272]$$ -> For deeper dive into the math of Uniswap V3, I cannot but recommend [this technical note](https://atiselsts.github.io/pdfs/uniswap-v3-liquidity-math.pdf) by [Atis Elsts](https://twitter.com/atiselsts). \ No newline at end of file +> For deeper dive into the math of Uniswap V3, I cannot but recommend [this technical note](https://atiselsts.github.io/pdfs/uniswap-v3-liquidity-math.pdf) by [Atis Elsts](https://twitter.com/atiselsts).