4 papers
Perpetual Demand Lending Pools
Tarun Chitra, Theo Diamandis, Nathan Sheng +2
Decentralized perpetuals protocols have collectively reached billions of dollars of daily trading volume, yet are still not serious competitors on the basis of trading volume with…
Market Clearing with Semi-fungible Assets
Theo Diamandis, Tarun Chitra, Guillermo Angeris
As markets have digitized, the number of tradable products has skyrocketed. Algorithmically constructed portfolios of these assets now dominate public and private markets, resultin…
A Curationary Tale: Logarithmic Regret in DeFi Lending via Dynamic Pricing
Tarun Chitra
Lending within decentralized finance (DeFi) has facilitated over $100 billion of loans since 2020. A long-standing inefficiency in DeFi lending protocols such as Aave is the use o…
Optimal Routing in the Presence of Hooks: Three Case Studies
Tarun Chitra, Kshitij Kulkarni, Karthik Srinivasan
We consider the problem of optimally executing a user trade over networks of constant function market makers (CFMMs) in the presence of hooks. Hooks, introduced in an upcoming vers…