[Design of Analog CMOS Integrated Circuits by Razavi]
The author introduces a differential pair with source degenration which helps 'soften' the Vin/Vout characteristics of a differential pair:
He then says that this has a major drawback that the source degeneration resistors consume extra voltage headroom which reduce the minimum swing we can achieve on output nodes X and Y. To solve this, he suggests the following circuit
I am having some difficulty understanding Fig 4.28 and how it is operating exactly. Could someone please provide some more insight into this?