3 papers
q-fin.MF2026
Pricing and hedging for liquidity provision in Constant Function Market Making
Jimmy Risk, Shen-Ning Tung, Tai-Ho Wang
This paper develops a robust mathematical framework for Constant Function Market Makers (CFMMs) by transitioning from traditional token reserve analyses to a coordinate system defi…
q-fin.TR2025
Dynamics of Liquidity Surfaces in Uniswap v3
Jimmy Risk, Shen-Ning Tung, Tai-Ho Wang
This paper presents a comprehensive study on the empirical dynamics of Uniswap v3 liquidity, which we model as a time-tick surface, . Using a combination of functional prin…
q-fin.MF2024
A mathematical framework for modelling CLMM dynamics in continuous time
Shen-Ning Tung, Tai-Ho Wang
This paper develops a rigorous mathematical framework for analyzing Concentrated Liquidity Market Makers (CLMMs) in Decentralized Finance (DeFi) within a continuous-time setting. W…