133 citations · 200 across the 18 of their papers we have counts for
6 papers · 1 filter
Unity is Strength: A Formalization of Cross-Domain Maximal Extractable Value
Alexandre Obadia, Alejo Salles, Lakshman Sankar +3
The multi-chain future is upon us. Modular architectures are coming to maturity across the ecosystem to scale bandwidth and throughput of cryptocurrency. One example of such is the…
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…
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…