diff --git a/README.md b/README.md index a61c7e1..d5c87bf 100644 --- a/README.md +++ b/README.md @@ -18,15 +18,21 @@ ``` # Swuniswap-v3 -A Uniswap v3 Equivalent for Swivel's Orderbook. +A Uniswap v3-esque implementation for Swivel's Orderbook. ----------- -# **Instructions:** +# **Introduction:** -Set your upper and lower ranges and let Swuniswap-v3 run things from there! +Set your upper and lower ranges in /constants and let Swuniswap-v3 run things from there! -For Strategy Information: https://swivel.substack.com/p/market-making-in-yield-markets +General Strategy Information: https://swivel.substack.com/p/market-making-in-yield-markets + +This strategy takes a user defined range and allocates user liquidity across that range, similar to Uniswap v3. + +After this initial liquidity allocation, the strategy continuously adjusts prices according to the factors discussed in the article above (Underlying Rates and Theta). + +Specifically, the strategy accomplishes this by ensuring orders are only valid for a limited time, and once expired are replaced with newly updated quotes. --------