Mathematical proof that LB hides a redistribution of wealth TAX & new proposal with baker reimbursement

[tulpenhaendler]

@tezoswakenbake

The only thing that change if the trading fee is burned is baker’s incentives. The reduction of incentives is a reality from which you cannot escape, you can ignore the mathematical evidence all you want, and believe based on pure faith that this is not true, it won’t change the objective reality that is affecting incentives

No one is ignoring or denying anything, this was brought up before, to quote Sophia:

So modulo the 1% fee and psychological effects, we expect ~6.875% of total rolls to be LPs for the liquidity baking CPMM, which is far from enough to affect network security.

src: Liquidity Baking

Why so adversarial?