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Paper 2022/1420 Diamonds are Forever, Loss-Versus-Rebalancing is Not , Pompeu Fabra University , Pompeu Fabra University, CYBERCAT , Pompeu Fabra University Abstract The always-available liquidity of automated market makers (AMMs) has been one of the most important catalysts in early cryptocurrency adoption. However, it has become increasingly evident that AMMs in their current form are not viable investment options for passive liquidity providers.
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