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cs.GT2024
Quantifying the Value of Revert Protection
Brian Z. Zhu, Xin Wan, Ciamac C. Moallemi +2
Revert protection is a feature provided by some blockchain platforms that prevents users from incurring fees for failed transactions. We study the economic implications and benefit…
q-fin.TR2024
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…
q-fin.TR2024
am-AMM: An Auction-Managed Automated Market Maker
Austin Adams, Ciamac C. Moallemi, Sara Reynolds +1
Automated market makers (AMMs) have emerged as the dominant market mechanism for trading on decentralized exchanges implemented on blockchains. This paper presents a single mechani…