IntroductionAutomated Market Makers (AMMs) have revolutionized decentralized finance (DeFi), yet Liquidity Providers (LPs) often face concerns regarding Loss-Versus-Rebalancing (LVR). Research, including studies by Ciamac Moallemi and others, frames LVR as a problem, suggesting that passive LPs consistently underperform compared to active trading strategies. However, in The Fedz ecosystem, LP passivity is not a bug but a feature.The Traditional View: LVR as an LP InefficiencyLVR research high...