3 papers
cs.GT2025
Efficiency of Constant Log Utility Market Makers
Maneesha Papireddygari, Xintong Wang, Bo Waggoner +1
Automated Market Makers (AMMs) are used to provide liquidity for combinatorial prediction markets that would otherwise be too thinly traded. They offer both buy and sell prices for…
cs.GT2023
A General Theory of Liquidity Provisioning for Prediction Markets
Adithya Bhaskara, Rafael Frongillo, Elias Lindgren +1
Liquidity provisioning in automated market makers is the practice of recruiting third-party liquidity providers (LPs) to contribute assets to the market in exchange for fees skimme…
cs.GT2023
An Axiomatic Characterization of CFMMs and Equivalence to Prediction Markets
Rafael Frongillo, Maneesha Papireddygari, Bo Waggoner
Constant-function market makers (CFMMs), such as Uniswap, are automated exchanges offering trades among a set of assets. We study their technical relationship to another class of a…