72 citations · 92 across the 4 of their papers we have counts for
6 papers
Oracle Counterpoint: Relationships between On-chain and Off-chain Market Data
Zhimeng Yang, Ariah Klages-Mundt, Lewis Gudgeon
We investigate the theoretical and empirical relationships between activity in on-chain markets and pricing in off-chain cryptocurrency markets (e.g., ETH/USD prices). The motivati…
Dissimilar Redundancy in DeFi
Daniel Perez, Lewis Gudgeon
The meteoric rise of Decentralized Finance (DeFi) has been accompanied by a plethora of frequent and often financially devastating attacks on its protocols There have been over 70…
SoK: Decentralized Finance (DeFi)
Sam M. Werner, Daniel Perez, Lewis Gudgeon +3
Decentralized Finance (DeFi), a blockchain powered peer-to-peer financial system, is mushrooming. Two years ago the total value locked in DeFi systems was approximately 700m USD, n…
DeFi Protocols for Loanable Funds: Interest Rates, Liquidity and Market Efficiency
Lewis Gudgeon, Sam M. Werner, Daniel Perez +1
We coin the term *Protocols for Loanable Funds (PLFs)* to refer to protocols which establish distributed ledger-based markets for loanable funds. PLFs are emerging as one of the ma…
Stablecoins 2.0: Economic Foundations and Risk-based Models
Ariah Klages-Mundt, Dominik Harz, Lewis Gudgeon +2
Stablecoins are one of the most widely capitalized type of cryptocurrency. However, their risks vary significantly according to their design and are often poorly understood. We see…
The Decentralized Financial Crisis
Lewis Gudgeon, Daniel Perez, Dominik Harz +2
The Global Financial Crisis of 2008, caused by the accumulation of excessive financial risk, inspired Satoshi Nakamoto to create Bitcoin. Now, more than ten years later, Decentrali…