Uniswap Labs launched a new indicator FLAIR (Fee Liquidity Adjusted Instant Return) to evaluate LP competitiveness in AMM, which aims to measure any number of LP positions in any time period, including a single point in time. FLAIR can be used to attribute historical performance, Backtest LP strategies or optimize new liquidity deployments. FLAIR captures the dynamic behavior of LPs in pools, reflecting sound LP economic intent, i.e. LPs allocate funds to pools with higher returns, rebalance liquidity within a price range, and deploy during periods of high fees Liquidity, thereby increasing competition within the pool.