252 citations · 396 across the 31 of their papers we have counts for
10 papers · 1 filter
Not All LPs Are Equal: The Active-Passive Gap in Automated Market Maker Liquidity Provision
Agathe Sadeghi, Dingyue Liu, Ciamac Moallemi +2
Liquidity provision in automated market makers is typically analyzed at the pool level, implicitly assuming LP homogeneity. This aggregate view can hide how liquidity provision out…
Uniform-Loss Automated Market Making for Prediction Markets
Ciamac C. Moallemi, Dan Robinson, Brian Zhu
Automated market makers (AMMs) for prediction markets descend from market scoring rules, where a mechanism operator subsidizes a market to aggregate beliefs about uncertain events.…
Quantifying Sub-Optimality in Routing for Automated Market Makers
Weiye Xi, Ciamac C. Moallemi
We provide a large-scale empirical audit of DEX routing using 2.98 million WETH-USDC swaps on Ethereum. Comparing realized routes with optimized benchmarks, we measure an average s…
Volatility in Prediction Markets: A Structural Approach
Weiye Xi, Ciamac C. Moallemi, Mallesh Pai +1
Forward-looking volatility forecasts are central inputs to derivatives pricing, market making, risk management, and volatility-linked trading strategies, with ARCH and GARCH models…
What Drives Liquidity on Decentralized Exchanges? Evidence from the Uniswap Protocol
Brian Z. Zhu, Dingyue Liu, Xin Wan +3
We study liquidity on decentralized exchanges (DEXs), identifying factors at the platform, blockchain, token pair, and liquidity pool levels with predictive power for market depth…
Loss-Versus-Fair: Efficiency of Dutch Auctions on Blockchains
Ciamac C. Moallemi, Dan Robinson
Milionis et al.(2023) studied the rate at which automated market makers leak value to arbitrageurs when block times are discrete and follow a Poisson process, and where the risky a…