New AMM Model: Mathematically Eliminating Impermanent Loss – Feedback Welcome

Hey r/ethereum,

I've written a Substack article about FairSwap, a new AMM model I'm developing that aims to mathematically eliminate impermanent loss.

The article covers:

• The math behind "constant value pools"
• How it differs from constant product AMMs
• Proof for zero impermanent loss

As the developer, I'm looking for technical feedback. Does the math hold up? What edge cases should be considered?

Link: https://fairswap.substack.com/p/zero-impermanent-loss

I'm here to answer questions and discuss. Thanks for any insights!