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The LPs being represented as NFTs isn't a gas thing. There's no other way to represent your position since there are now infinite positions to take (since your
by chrisco255 6y ago
The LPs being represented as NFTs isn't a gas thing. There's no other way to represent your position since there are now infinite positions to take (since your range is completely customizable), they have to be represented as NFTs and not ERC20s.
But the ecosystem of management platforms is correct. It's likely that protocols like Yearn will create managed liquidity pools that hold a collection of "NFLT" positions to represent a particular strategy.
- qqii 6y agoOf course, that's the only valid representation but it makes me wonder about their claims of gas efficiency and how they compared it.
- chrisco255 6y agoYeah they said there was marginal gas improvements on L1, but not sure how. Haven't read the source code yet.