From 1a39de871fc63556304d8a5325352c20f61f528c Mon Sep 17 00:00:00 2001
From: "dr. mia von steinkirch, phd"
<1130416+mvonsteinkirch@users.noreply.github.com>
Date: Thu, 26 Jan 2023 16:54:58 -0800
Subject: [PATCH] Update README.md
---
arbitrage/README.md | 12 ++----------
1 file changed, 2 insertions(+), 10 deletions(-)
diff --git a/arbitrage/README.md b/arbitrage/README.md
index c0873cf..eed84c1 100644
--- a/arbitrage/README.md
+++ b/arbitrage/README.md
@@ -7,16 +7,8 @@
-* liquidity on-chain is fragmented: there are thousands of uniswap-like pools that don't communicate with each other, each providing quotes for swapping assets in real time. fragmented liquidity creates opportunity to buy low and sell high accross different pools.
-
-* arbitrage refers to the simultaneous buying and selling of tokens in different markets
-in order to take advantage of price discrepancies of that asset.
-
-* the simplest MEV opportunity: two DEXes offering a token at two different prices, someone can buy the token on the lower-priced DEX and sell it on the higher priced DEX in a single atomic transaction.
-
-* atomicity is what makes things different in defi: the blockchain's state updates on a block-by-block basis, which means that a tx can perform multiple actions, provided that the end state of the tx is correct (flash loans)
-
-* most of the atomic arbitrage space is dominated by a few addresses, who land most of the profitable arbs. this is a very competitive space, and success is derived from a mixture of cleverness, low latency and good infrastructure.
+* liquidity on-chain is fragmented: thousands of pools don't communicate with each other, each providing quotes for swapping assets in real-time. This fragmentation creates an opportunity to buy low and sell high across different pools.
+* for example, two DEXes offer a token at two different prices so that a token can be bought at the lower-priced DEX and sold on the higher-priced DEX in a single atomic transaction.