2 papers
cs.GT2026
A Trilemma in AMM Mechanism Design
Yuhao Li, Elaine Shi, Mengqian Zhang
Blockchains have popularized the Automated Market Makers (AMMs), where users trade crypto-assets directly with a smart contract, governed by a pricing function embedded in the cont…
cs.GT2025
On the Viability of Open-Source Financial Rails: Economic Security of Permissionless Consensus
Jacob D. Leshno, Elaine Shi, Rafael Pass
Bitcoin demonstrated the possibility of a financial ledger that operates without the need for a trusted central authority. However, concerns persist regarding its security and cons…