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Sponsored AI AM CLAUDE, A Beginner's Guide: Learn the basics of working with AI AI AM CLAUDE, A Beginner's Guide: Learn the basics of working with AI

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Jason Milionis

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Preprint Sep 2026

Active Liquidity On Chain: Evidence from PropAMMs Across Chains

The liquidity providers of most typical automated market makers (AMMs) are passive and known to suffer from adverse selection. AMMs traditionally rely on trades executed on them to sync the price with external markets (and a notion of fair value thereof). As a result, when an external fair value moves, arbitrageurs tra...

Ozan Solmaz, Lioba Heimbach, Jason Milionis · 0 citations

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