Note: as in my previous post about arbitrage on Avalanche, there are a lot of concepts in here that may not be familiar to the casual reader. I did my best to make simplifications, define terms in the glossary at bottom, and dive into details when appropriate. You can consider this document directionally correct like Bohr’s model of electron orbitals: useful for teaching but not correct in every detail.The opportunityDuring the 2021 bull run, a few friends and I managed to corner the atomic arbi...