133 citations · 200 across the 18 of their papers we have counts for
4 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…
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…
Towards a Theory of Maximal Extractable Value I: Constant Function Market Makers
Kshitij Kulkarni, Theo Diamandis, Tarun Chitra
Maximal Extractable Value (MEV) refers to excess value captured by miners (or validators) from users in a cryptocurrency network. This excess value often comes from reordering user…
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).…