15 citations · 23 across the 8 of their papers we have counts for
12 papers
The Geometry of Constant Function Market Makers
Guillermo Angeris, Tarun Chitra, Theo Diamandis +2
Constant function market makers (CFMMs) are the most popular type of decentralized trading venue for cryptocurrency tokens. In this paper, we give a very general geometric framewor…
Concave Pro-rata Games
Nicholas A. G Johnson, Theo Diamandis, Alex Evans +2
In this paper, we introduce a family of games called concave pro-rata games. In such a game, players place their assets into a pool, and the pool pays out some concave function of…
Dynamic Pricing for Non-fungible Resources: Designing Multidimensional Blockchain Fee Markets
Theo Diamandis, Alex Evans, Tarun Chitra +1
Public blockchains implement a fee mechanism to allocate scarce computational resources across competing transactions. Most existing fee market designs utilize a joint, fungible un…
Optimal Routing for Constant Function Market Makers
Guillermo Angeris, Tarun Chitra, Alex Evans +1
We consider the problem of optimally executing an order involving multiple crypto-assets, sometimes called tokens, on a network of multiple constant function market makers (CFMMs).…
Replicating Monotonic Payoffs Without Oracles
Guillermo Angeris, Alex Evans, Tarun Chitra
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…
Constant Function Market Makers: Multi-Asset Trades via Convex Optimization
Guillermo Angeris, Akshay Agrawal, Alex Evans +2
The rise of Ethereum and other blockchains that support smart contracts has led to the creation of decentralized exchanges (DEXs), such as Uniswap, Balancer, Curve, mStable, and Su…