llllvvuu review of general.md

[llllvvuu]

the post looks really good! only nits

are constrained by capital, attention, and time

might not be exactly the conclusion i draw, which would be more like "not only constrained by gas". i'm also having some trouble conceptualizing "constrained by capital" as something other than gas (perhaps capital for doubling down/buying back in? being forced to concentrate more than one would like?). "attention, and time" makes sense.

also for the polygon analysis

if it is true that smaller LPs are gated by mainnet transaction fees, then it would be natural to predict a higher proportion of individual liquidity positions is in range on Polygon Uniswap than on Ethereum mainnet.

You'll definitely get some signal from "individual liquidity positions" since they aren't cap weighted, but you'll get even more signal from "individual liquidity positions filtered to small positions"

My speculation for why small LPs go out of range more, if not gas, is some correlation (not necessarily causation) between position size and sophistication.

Some stuff I'd be really curious about for future research: Whether large LPs make more money (probably true if out-of-range less, but can measure directly), whether more frequently updating LPs (add/removes per month?) make more money, and more broadly the role of timing/responding to the market in LPing.