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Uniswap Founder: AMMs to Reshape Global Markets via Tokenized Stocks

Uniswap founder Hayden Adams argues that as stocks and bonds are tokenized, correlated trading pairs like NVDA/SPY will reduce inventory and hedging costs, allowing passive AMMs to enter core markets long dominated by traditional market makers. He highlights early success with tokenized stock pools on Uniswap and believes passive liquidity will ultimately win, similar to index funds. Crypto KOL Cody provides a skeptical analysis, noting impermanent loss challenges and questioning current feasibility.

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