Join 📚 Nathan's Highlights
A batch of the best highlights from what Nathan's read, .
Olive oil is heavy and expensive to ship by air, so most European companies send it to the United States by boat. By the time you take the olive oil off the shelf, it’s often several months old, and some of its beneficial compounds have degraded.
The biggest flaw of the old waterfall process has always been, and remains, that all the risk is at the end, which means that customer validation happens way too late.
Part 1: Impermanent loss
When you LP, not only are you taking a bet on each asset's price, you are also taking a bet on their *relative* pricing.
Divergence from the starting ratio will incur what is called "impermanent loss" (universally considered a dumbass label).
Do You Yield Farm / LP?...
@jonwu_ on Twitter
...catch up on these, and many more highlights
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