PinnedGuillaume LambertUniswap V3 LP Tokens as Perpetual Put and Call OptionsAn analysis of how Uniswap v3 liquidity positions effectively behave as perpetual cash-secured put and covered call options.7 min read·Jun 23, 2021--3--3

Guillaume LambertDesigning a constant volatility AMMWe construct a constant volatility AMMs by changing the fee rate on a per-trade basis.9 min read·Apr 4, 2022----

Guillaume LambertGamma transforms: How to hedge squeeth using Uni V3Single-tick Uniswap v3 LP positions can be used to hedge the gamma of payoff curves like squeeth or any other power perpetual8 min read·Feb 23, 2022--1--1

Guillaume LambertHow to deploy delta-neutral liquidity in Uniswap — or why Euler Finance is a game changer for LPsLPs can use Euler Finance to deploy directionally strategic positions on Uniswap10 min read·Jan 12, 2022--5--5

Guillaume LambertOn-chain Volatility and Uniswap v3We can use the daily volumes and liquidity information directly from Uniswap v3 pools to extract the implied volatility of most assets6 min read·Nov 21, 2021--2--2

Guillaume LambertPricing Uniswap v3 LP Positions: Towards a New Options Paradigm?11 min read·Oct 17, 2021--3--3

Guillaume LambertAn Analysis of the Expected Value of the Impermanent Loss in UniswapThe expected impermanent loss follows a simple expression that depends on the drift and volatility of an asset.5 min read·Oct 1, 2021--3--3

Guillaume LambertA Guide for Choosing Optimal Uniswap V3 LP Positions, Part 2Uni v3 liquidity positions have to balance capital efficiency and the time spent in-the-money. We derive an expression that optimizes both.8 min read·Sep 15, 2021--4--4

Guillaume LambertHow to Create Perpetual Options in Uniswap v3Perpetual Uniswap v3 Options can be deployed right now between any two assets, for any DTE, and at any delta.8 min read·Aug 24, 2021--3--3

Guillaume LambertA Guide for Choosing Optimal Uniswap V3 LP Positions, Part 1We derive the probability that a Uniswap LP position centered between an upper tick tH and a lower tick tL will end up ITM after a time T.8 min read·Aug 4, 2021--2--2