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A primer on perpetuals
When asset prices can jump and the volatility process is independent of the underlying risky assets, we derive an explicit replication strategy for the short side of a perpetual contract.
Replicating Monotonic Payoffs Without Oracles
In this paper, we show that any monotonic payoff can be replicated using only liquidity provider shares in constant function market makers (CFMMs), without the need for additional collateral or oracles.
Optimal Fees for Geometric Mean Market Makers
Trading fees have been proposed as a mechanism for compensating LPs for arbitrage losses.
Replicating Market Makers
We present a method for constructing Constant Function Market Makers (CFMMs) whose portfolio value functions match a desired payoff.
When does the tail wag the dog? Curvature and market making
We show that this definition is tightly related to the curvature of a CFMM's trading function and can be used to explain a number of heuristic results.
Why Stake When You Can Borrow?
As smart contract platforms autonomously manage billions of dollars of capital, quantifying the portfolio risk that investors engender in these systems is increasingly important.
Improved Price Oracles: Constant Function Market Makers
Automated market makers, first popularized by Hanson's logarithmic market scoring rule (or LMSR) for prediction markets, have become important building blocks, called 'primitives,' for decentralized finance.
Competitive equilibria between staking and on-chain lending
Proof of Stake (PoS) is a burgeoning Sybil resistance mechanism that aims to have a digital asset ("token") serve as security collateral in crypto networks.
An analysis of Uniswap markets
Uniswap -- and other constant product markets -- appear to work well in practice despite their simplicity.
Committee Selection is More Similar Than You Think: Evidence from Avalanche and Stellar
Increased interest in scalable and high-throughput blockchains has led to an explosion in the number of committee selection methods in the literature.
Distributed, Parallel, and Cluster Computing Computer Science and Game Theory Multiagent Systems
