1/ Why do LPs need Autopilot, and how does it work.

23 Oct 2023, 16:34
1/ Why do LPs need Autopilot, and how does it work? In this thread, we address these questions, as well as the backtest results that reflect the features that make Autopilot an adaptive and dynamic system.

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Tokemak
TokemakTOKE #976
Twitter
23 Oct 2023, 16:35
26/ Disclaimer The effectiveness of Autopilot will depend on the number of uncontrolled variables, and past performance does not guarantee future performance. Any expected returns Or hypothetical projections may not reflect actual future performance. Furthermore, Autopilot is…
26/ Disclaimer.
26/ Disclaimer The effectiveness of Autopilot will depend on the number of uncontrolled variables, and past performance does not guarantee future performance. Any expected returns Or hypothetical projections may not reflect actual future performance. Furthermore, Autopilot is…
Tokemak
TokemakTOKE #976
Twitter
23 Oct 2023, 16:34
25/ Summary Autopilot enables a new way to LP by continuously optimizing liquidity deployments across a scalable number of pools. As a result, LPs are empowered with opportunities to have long-term outperformance, beyond what individuals or static pool allocations might achieve.
25/ Summary.
25/ Summary Autopilot enables a new way to LP by continuously optimizing liquidity deployments across a scalable number of pools. As a result, LPs are empowered with opportunities to have long-term outperformance, beyond what individuals or static pool allocations might achieve.
Tokemak
TokemakTOKE #976
Twitter
23 Oct 2023, 16:34
24/ Backtest Results Overview - Individual Pools This overview reflects the value proposition of Autopilot versus each of the constituent pools that were active throughout the entire observation period. As expected, over time, Autopilot outperforms a static LP exposure.
24/ Backtest Results Overview - Individual Pools.
24/ Backtest Results Overview - Individual Pools This overview reflects the value proposition of Autopilot versus each of the constituent pools that were active throughout the entire observation period. As expected, over time, Autopilot outperforms a static LP exposure.
Tokemak
TokemakTOKE #976
Twitter
23 Oct 2023, 16:34
23/ Backtest Results Overview - ETH Staking Yield & Greedy Allocator As an overview, this visual representation highlights the relative performance of Autopilot versus the ETH Staking Yield and the Greedy Allocator.
23/ Backtest Results Overview - ETH Staking Yield & Greedy Allocator.
23/ Backtest Results Overview - ETH Staking Yield & Greedy Allocator As an overview, this visual representation highlights the relative performance of Autopilot versus the ETH Staking Yield and the Greedy Allocator.
Tokemak
TokemakTOKE #976
Twitter
23 Oct 2023, 16:34
22/ Signal Processing - Allocations The image below illustrates the impact of input filtering on allocations. The left side represents filtered input allocations, while the right side shows unfiltered input allocations that negatively impact NAV.
22/ Signal Processing - Allocations. The image below illustrates the impact of input filtering on allocations.
22/ Signal Processing - Allocations The image below illustrates the impact of input filtering on allocations. The left side represents filtered input allocations, while the right side shows unfiltered input allocations that negatively impact NAV.
Tokemak
TokemakTOKE #976
Twitter
23 Oct 2023, 16:34
21/ Signal Processing - Why? Autopilot filters the input signal to prevent NAV loss due to noise. Moreover, it filters the various components of the signal differently. The following chart shows the impact of processing the input signal used by Autopilot.
21/ Signal Processing - Why. Autopilot filters the input signal to prevent NAV loss due to noise.
21/ Signal Processing - Why? Autopilot filters the input signal to prevent NAV loss due to noise. Moreover, it filters the various components of the signal differently. The following chart shows the impact of processing the input signal used by Autopilot.
Tokemak
TokemakTOKE #976
Twitter
23 Oct 2023, 16:34
20/ Comparables - Autopilot vs Greedy Allocator As expected, a greedy allocation logic entails NAV decay that results in a worse performance when compared to Autopilot. This is particularly relevant once the set of options for destinations of liquidity increases.
20/ Comparables - Autopilot vs Greedy Allocator.
20/ Comparables - Autopilot vs Greedy Allocator As expected, a greedy allocation logic entails NAV decay that results in a worse performance when compared to Autopilot. This is particularly relevant once the set of options for destinations of liquidity increases.
Tokemak
TokemakTOKE #976
Twitter
23 Oct 2023, 16:34
18/ Comparables - Autopilot vs ETH Staking Yield Albeit a low bar to beat, and noting that this backtest only included 7 destinations, Autopilot was able to obtain an excess return of nearly 2x in comparison to the ETH staking yield. All rebalance costs are included.
18/ Comparables - Autopilot vs ETH Staking Yield.
18/ Comparables - Autopilot vs ETH Staking Yield Albeit a low bar to beat, and noting that this backtest only included 7 destinations, Autopilot was able to obtain an excess return of nearly 2x in comparison to the ETH staking yield. All rebalance costs are included.