15 citations · 18 across the 3 of their papers we have counts for
6 papers
Optimal Fees for Geometric Mean Market Makers
Alex Evans, Guillermo Angeris, Tarun Chitra
Constant Function Market Makers (CFMMs) are a family of automated market makers that enable censorship-resistant decentralized exchange on public blockchains. Arbitrage trades have…
Replicating Market Makers
Guillermo Angeris, Alex Evans, Tarun Chitra
We present a method for constructing Constant Function Market Makers (CFMMs) whose portfolio value functions match a desired payoff. More specifically, we show that the space of co…
A Note on Privacy in Constant Function Market Makers
Guillermo Angeris, Alex Evans, Tarun Chitra
Constant function market makers (CFMMs) such as Uniswap, Balancer, Curve, and mStable, among many others, make up some of the largest decentralized exchanges on Ethereum and other…
When does the tail wag the dog? Curvature and market making
Guillermo Angeris, Alex Evans, Tarun Chitra
Liquidity and trading activity on constant function market makers (CFMMs) such as Uniswap, Curve, and Balancer has grown significantly in the second half of 2020. Much of the growt…
Liquidity Provider Returns in Geometric Mean Markets
Alex Evans
Geometric mean market makers (G3Ms), such as Uniswap and Balancer, comprise a popular class of automated market makers (AMMs) defined by the following rule: the reserves of the AMM…
Why Stake When You Can Borrow?
Tarun Chitra, Alex Evans
As smart contract platforms autonomously manage billions of dollars of capital, quantifying the portfolio risk that investors engender in these systems is increasingly important. R…