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I'm sure someone else has explained this, but it is just so cool and I want to explain how this works.


So Curve is awesome for swaps between similar assets, right? The fact that they trade very close to each other is a key part about how Curve works, using it's custom swap invariant function.

That's step 1

Step 2 is that Synthetix is awesome for creating "synthetic assets" (aka synths) which are assets that trade like other assets, that are backed by another, entirely different asset. Basically, a plastic banana that I can buy and sell like a real banana.

Synthetix has a feature that lets you swap between any two synths with zero slippage and a flat fee. That's because it is simply converting the sythentic asset into another synthetic asset, the backing for the synth doesn't change it just uses a different price oracle now.

This is important. Absolutely no slippage, at any size

Swap $1m sUSD for $1m sBTC? flat 0.3% fee

Swap $10m sUSD for $10m sBTC? flat 0.3% fee

swap $100m sUSD for $100m sBTC? Well, there isn't that many synths in Curve, yet but you get the point. The only limit is the pool depth
Everyone is responsible for their own stupid decisions and we should laugh and throw rocks at Woke PhDs on welfare.

But let's not forget how the boomers royally fucked over their juniors. Do you know the surest sign of a bubble? FRAUD.


Remember the recession? I do, since it happened right when I was entering college. One of the big things that tipped off Burry and other autistics was fraud in the mortgage market.

The PhD is the same: everyone lied to the recent buy-ins about their likelihood of success.

I interviewed at five different graduate schools when I was looking into PhD programs. 4 out of 5 directly and blatantly lied about their placement rates.

It was hard to figure this out because it wasn't on their website; I had to look up all the school's completed dissertations

Why would they do this? Well, professors want grad students for several reasons: teach more courses, get more students, grow the dept, get more funding, etc.

So many completely hoodwink students into signing into PhD


It keeps getting worse. Two years ago I interviewed for a job at a mediocre university that created a _new_ PhD program. There are already no jobs, and they created a new PhD