Parts 1 to 4 of this article deal with the background to EIP-1559, its development and progress to date. These sections include links to some of the key articles and may be a useful reference. However for busy readers already familiar with EIP-1559’s background, skip to parts 5 to 7…

Update 30 August 2020: this article originally used the term “impermanent loss” to describe the losses liquidity providers experience due to price divergence. The word “impermanent” was chosen because the loss due to price divergence may be reversed if the price divergence is also reversed. However, the use of this…

Update 30 August 2020: this article originally used the term “impermanent loss” to describe the losses liquidity providers experience due to price divergence. The word “impermanent” was chosen because the loss due to price divergence may be reversed if the price divergence is also reversed. However, the use of this…