Price Adjustment When Updating Requires Execution: Evidence from Automated Market Makers
The study draws on a high-frequency analytic panel of 2.52 million block-level observations across two matched 5 bp ETH–USDC pools on Ethereum and Base.
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The study draws on a high-frequency analytic panel of 2.52 million block-level observations across two matched 5 bp ETH–USDC pools on Ethereum and Base.