Skip to main content
grasp.study
Back to course
Log in
Get started
Someone wanted to learn this too, so Grasp built them a personal learning path.
Create your own
DeFi and Yield
·
Module 3
Rate-Market Execution and Liquidity-Provider Economics
1
Calculating AMM Spot Price, Price Impact, and Slippage
Calculate spot price, price impact, and slippage for a constant-product automated market maker.
2
Calculating Liquidity Provider Asset Exposure Changes
Calculate how a liquidity provider’s asset exposure changes when relative token prices move.
3
Distinguishing Trading Fees, Impermanent Loss, and Token Incentives
Distinguish trading-fee returns from impermanent loss and token-incentive returns.
4
Concentrated Liquidity: Capital Efficiency and LP Risk
Explain how concentrated liquidity changes capital efficiency and liquidity-provider risk.
5
Comparing DEX Trading Designs: AMMs, Order Books, and RFQs
Compare AMM, on-chain order-book, and request-for-quote designs using execution quality, transparency, liquidity, and operational requirements.
6
Concentrating Liquidity Around Implied-APY Ranges in Exponent’s Rate CLMM
Explain how Exponent’s Rate CLMM concentrates liquidity around implied-APY ranges rather than ordinary spot-price ranges.
7
Tracing PT and YT Trades Across Exponent V2 Liquidity Venues
Trace PT and YT trades from the Exponent V2 interface through either the Rate CLMM or Rate Order Book, explain how each venue shares liquidity between PT and YT, and assess the resulting execution, settlement, and operational risks.
8
Calculating Net Returns for Exponent Liquidity Positions
Calculate the net return of a specified Exponent liquidity position from fees, convergence, underlying yield, incentives, inventory changes, and rebalancing costs.
Previous module
Fixed-Maturity Yield Exchange Mechanics
Next module
Solana Yield Sources and Institutional Deployment