There is this service in the stepwise fee logic called "walk-em down arbitrage"
When the pool has significant liquidity in a depegged market- It opens up minimal arbitrage in steps to knock the entire market back into sense while collecting max fees.
Hyperswap selling sthype at a 50bps surplus? Pool charges 49bps. As surplus decreases, so do valantis fees.
49,48,47.....,1
Leaking 1bps max to any external arbers while re pegging the entire market. Soon, a version of STEX will entirely internalize this (just buy every other dexes depegged reserves at a surplus directly). But for now...
520
4
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