Perennial V2 Update #2: Makers can lose funds from price movement even when no long and short positions are opened, due to incorrect distribution of adiabatic fees exposure between makers

Perennial's V2.3 update rewired adiabatic fee accounting to net to zero in USD across the whole maker pool, but the exposure adjustment is redistributed weighted by each maker's position size rather than by that maker's own accrued exposure. With two makers ho …