69 citations · 423 across the 56 of their papers we have counts for
67 papers
Transaction Fee Mechanism Design with Active Block Producers
Maryam Bahrani, Pranav Garimidi, Tim Roughgarden
The incentive-compatibility properties of blockchain transaction fee mechanisms have been investigated with *passive* block producers that are motivated purely by the net rewards e…
When Bidders Are DAOs
Maryam Bahrani, Pranav Garimidi, Tim Roughgarden
In a typical decentralized autonomous organization (DAO), people organize themselves into a group that is programmatically managed. DAOs can act as bidders in auctions, with a DAO'…
Automated Market Making and Arbitrage Profits in the Presence of Fees
Jason Milionis, Ciamac C. Moallemi, Tim Roughgarden
We consider the impact of trading fees on the profits of arbitrageurs trading against an automated market maker (AMM) or, equivalently, on the adverse selection incurred by liquidi…
Permissionless Consensus
Andrew Lewis-Pye, Tim Roughgarden
Blockchain protocols typically aspire to run in the permissionless setting, in which nodes are owned and operated by a large number of diverse and unknown entities, with each node…
A Myersonian Framework for Optimal Liquidity Provision in Automated Market Makers
Jason Milionis, Ciamac C. Moallemi, Tim Roughgarden
In decentralized finance ("DeFi"), automated market makers (AMMs) enable traders to programmatically exchange one asset for another. Such trades are enabled by the assets deposited…
Complexity-Approximation Trade-offs in Exchange Mechanisms: AMMs vs. LOBs
Jason Milionis, Ciamac C. Moallemi, Tim Roughgarden
This paper presents a general framework for the design and analysis of exchange mechanisms between two assets that unifies and enables comparisons between the two dominant paradigm…