Check out our latest paper on Dynamic Incentive Structure (DIS): In short, DIS rewards liquidity provision and taking dynamically by zero-sum rebates and fees that adjust dynamically over time. This structure is applied on TAOS now and can find several applications across different exchanges, most notably on the decentralized finance side, where algorithmic execution of smart contracts is relevant. The detailed motivations and operation in practice are discussed here.
When you come to a fork in the road, take it.
― Yogi Berra
