16 citations · 47 across the 15 of their papers we have counts for
3 papers · 1 filter
A primer on perpetuals
Guillermo Angeris, Tarun Chitra, Alex Evans +1
We consider a continuous-time financial market with no arbitrage and no transactions costs. In this setting, we introduce two types of perpetual contracts, one in which the payoff…
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…