activity
20212026
most citedThe Adoption of Blockchain-based Decentralized Exchanges

85 citations · 100 across the 5 of their papers we have counts for

collaborators

5 papers

q-fin.TR2026

Settlement Manipulation in Prediction Markets

David Dai, Ruizhe Jia, Shihao Yu

Prediction markets increasingly list contracts settling on an asset price that holders can move by trading the underlying. We build a model showing that such contracts transfer wea…

q-fin.GN2023

The Paradox Of Just-in-Time Liquidity in Decentralized Exchanges: More Providers Can Sometimes Mean Less Liquidity

Agostino Capponi, Ruizhe Jia, Brian Zhu

We study Just-in-time (JIT) liquidity provision in blockchain-based decentralized exchanges. A JIT liquidity provider (LP) monitors pending swap orders in public mempools of blockc…

cs.GT2022★ 2 cited

To EVM or Not to EVM: Blockchain Compatibility and Network Effects

Ruizhe Jia, Steven Yin

We study the competition between blockchains in a \emph{multi-chain} environment, where a dominant EVM-compatible blockchain (e.g., Ethereum) co-exists with an alternative EVM-comp…

q-fin.GN2022★ 13 cited

The Evolution of Blockchain: from Lit to Dark

Agostino Capponi, Ruizhe Jia, Ye Wang

Transactions submitted through the blockchain peer-to-peer (P2P) network may leak out exploitable information. We study the economic incentives behind the adoption of blockchain da…

q-fin.TR2021★ 85 cited

The Adoption of Blockchain-based Decentralized Exchanges

Agostino Capponi, Ruizhe Jia

We investigate the market microstructure of Automated Market Makers (AMMs), the most prominent type of blockchain-based decentralized exchanges. We show that the order execution me…