

\section{Housekeeping}


\subsection{Midterm \#2 Post-Mortem}

\begin{frame}{Overall Performance}

The class improved overall by 4\% on average. Good work! 

\bi 
\m I will review a few common mistakes 
\m I may consider a bonus/makeup midterm if I see good takeup and performance on Bonus Quizzes by those who need it \pause 
\m Over 40\% of your grade is yet to be earned 
\m Every single person here can get a 100\% on the final project if you put in the work 
\ei 
    
\end{frame}

\begin{frame}{Constant Product Rule}

\vfill
\begin{center}
    \href{https://medium.com/@tomarpari90/constant-product-automated-market-maker-everything-you-need-to-know-5bfeb0251ef2}{Pari Tomar's Excellent Overview}
\end{center} \pause 
\vfill
\bi 
\m We traded on Uniswap in Homework \#4 
\m We had to contribute both tokens, and there was no lockup period or betting on relative price movements 
\m Total Fees are Volume x Fee Level - that is the tradeoff 
\ei 
    
\end{frame}


\begin{frame}{Margin Calls}

\bi 
\m Start with \$50 equity, buy \$125 of an asset (borrow \$75) with a 25\% maintenance margin 
\pause 
\m Asset goes to \$100. It lost \$25, or \$20\% of \$125. 
\pause
\m All \$25 of that come from my equity which is now \$25. My margin is now 25\% of \$100. 
\m This triggers a margin call. 
\ei 
    
\end{frame}



\subsection{Bonus Quizzes}

\begin{frame}{Bonus Quizzes}

I will begin offering bonus quizzes \textbf{each Friday starting 3/14, 2-3pm, in Room 464}. 

\vfill 

These bonus quizzes can replace your lowest quiz grade, including a zero. 

\vfill 
The format will be True/False only, and the material will include anything we have discussed, or readings or homeworks which have been due, in the past 2 weeks from the date of the bonus quiz date. 
    
\end{frame}


