128 citations · 417 across the 26 of their papers we have counts for
8 papers · 1 filter
Proof of Steak
Jon Crowcroft, Hamed Haddadi, Arthur Gervais +1
We introduce Proof-of-Steak (PoS) as a fundamental net-zero block generation technique, often accompanied by Non-Frangipane Tokens. Genesis cut is gradually heated and minted (usin…
Towards Private On-Chain Algorithmic Trading
Ceren Kocaoğullar, Arthur Gervais, Benjamin Livshits
While quantitative automation related to trading crypto-assets such as ERC-20 tokens has become relatively commonplace, with services such as 3Commas and Shrimpy offering user-frie…
A2MM: Mitigating Frontrunning, Transaction Reordering and Consensus Instability in Decentralized Exchanges
Liyi Zhou, Kaihua Qin, Arthur Gervais
The asset trading volume on blockchain-based exchanges (DEX) increased substantially since the advent of Automated Market Makers (AMM). Yet, AMMs and their forks compete on the sam…
CeFi vs. DeFi -- Comparing Centralized to Decentralized Finance
Kaihua Qin, Liyi Zhou, Yaroslav Afonin +2
To non-experts, the traditional Centralized Finance (CeFi) ecosystem may seem obscure, because users are typically not aware of the underlying rules or agreements of financial asse…
An Empirical Study of DeFi Liquidations: Incentives, Risks, and Instabilities
Kaihua Qin, Liyi Zhou, Pablo Gamito +2
Financial speculators often seek to increase their potential gains with leverage. Debt is a popular form of leverage, and with over 39.88B USD of total value locked (TVL), the Dece…
On the Just-In-Time Discovery of Profit-Generating Transactions in DeFi Protocols
Liyi Zhou, Kaihua Qin, Antoine Cully +2
In this paper, we investigate two methods that allow us to automatically create profitable DeFi trades, one well-suited to arbitrage and the other applicable to more complicated se…
The Eye of Horus: Spotting and Analyzing Attacks on Ethereum Smart Contracts
Christof Ferreira Torres, Antonio Ken Iannillo, Arthur Gervais +1
In recent years, Ethereum gained tremendously in popularity, growing from a daily transaction average of 10K in January 2016 to an average of 500K in January 2020. Similarly, smart…
Quantifying Blockchain Extractable Value: How dark is the forest?
Kaihua Qin, Liyi Zhou, Arthur Gervais
Permissionless blockchains such as Bitcoin have excelled at financial services. Yet, opportunistic traders extract monetary value from the mesh of decentralized finance (DeFi) smar…