250 citations · 425 across the 14 of their papers we have counts for
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q-fin.TR2020★ 32 cited
While Stability Lasts: A Stochastic Model of Non-Custodial Stablecoins
Ariah Klages-Mundt, Andreea Minca
The `Black Thursday' crisis in cryptocurrency markets demonstrated deleveraging risks in over-collateralized non-custodial stablecoins. We develop a stochastic model that helps exp…
q-fin.TR2019★ 15 cited
(In)Stability for the Blockchain: Deleveraging Spirals and Stablecoin Attacks
Ariah Klages-Mundt, Andreea Minca
We develop a model of stable assets, including non-custodial stablecoins backed by cryptocurrencies. Such stablecoins are popular methods for bootstrapping price stability within p…