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Free Maniswap (no fees)
- The simplest option
- Completely dependent on subsidies for liquidity
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LP-friendly Maniswap (fees)
- Competitive LP is possible, but still difficult
- impermanent loss hard to avoid
- fees might need to be high for LP to be profitable
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Maniswap + Order Book (no fees)
- Maniswap used for subsidies (no fees)
- Order book for competitive LP and betting
- Maker-taker fee structure with no fees for maker
- Pros
- limit orders are easy to understand
- competitive liquidity without liquidity fees
- Easier to implement b/c order book is an addition to current AMM
- Cons
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Free Maniswap V3 (no fees)
- Little reason for this, if LP is still donation-based versus just Maniswap
- Hard to implement because it requires porting and replacing our current AMM
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LP-friendly Maniswap V3 (fees)
- Range orders make LP doable in practice
- Still much harder to understand than order book
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LP-friendly Maniswap V3 + Order Book (fees)
- Most advanced, granular way to provide liquidity
- Confusing because now there are two types of limit orders