75 citations · 246 across the 26 of their papers we have counts for
5 papers · 1 filter
Active Liquidity On Chain: Evidence from PropAMMs Across Chains
Ozan Solmaz, Lioba Heimbach, Jason Milionis
The liquidity providers of most typical automated market makers (AMMs) are passive and known to suffer from adverse selection. AMMs traditionally rely on trades executed on them to…
Optimistic MEV in Ethereum Layer 2s: Why Blockspace Is Always in Demand
Ozan Solmaz, Lioba Heimbach, Yann Vonlanthen +1
Layer 2 rollups are rapidly absorbing DeFi activity, securing over $40 billion and accounting for nearly half of Ethereum's DEX volume by Q1 2025, yet their MEV dynamics remain und…
The Early Days of the Ethereum Blob Fee Market and Lessons Learnt
Lioba Heimbach, Jason Milionis
Ethereum has adopted a rollup-centric roadmap to scale by making rollups (layer 2 scaling solutions) the primary method for handling transactions. The first significant step toward…
Non-Atomic Arbitrage in Decentralized Finance
Lioba Heimbach, Vabuk Pahari, Eric Schertenleib
The prevalence of maximal extractable value (MEV) in the Ethereum ecosystem has led to a characterization of the latter as a dark forest. Studies of MEV have thus far largely been…
An Empirical Study of Market Inefficiencies in Uniswap and SushiSwap
Jan Arvid Berg, Robin Fritsch, Lioba Heimbach +1
Decentralized exchanges are revolutionizing finance. With their ever-growing increase in popularity, a natural question that begs to be asked is: how efficient are these new market…