2 papers
q-fin.TR2026
Multi-Currency AMMs for Decentralized FOREX Markets: Feasibility & Optimal Design
Reina Ke Xin Li, Andreas Park, Andreas Veneris +1
Most currency pairs lack a direct liquid market, so international foreign exchange relies on routing transactions through a dominant vehicle currency. Multi-currency automated mark…
q-fin.MF2025
Modeling Loss-Versus-Rebalancing in Automated Market Makers via Continuous-Installment Options
Srisht Fateh Singh, Reina Ke Xin Li, Samuel Gaskin +5
This paper mathematically models a constant-function automated market maker (CFAMM) position as a portfolio of exotic options, known as perpetual American continuous-installment (C…