3 papers
q-fin.TR2024
What Drives Liquidity on Decentralized Exchanges? Evidence from the Uniswap Protocol
Brian Z. Zhu, Dingyue Liu, Xin Wan +3
We study liquidity on decentralized exchanges (DEXs), identifying factors at the platform, blockchain, token pair, and liquidity pool levels with predictive power for market depth…
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
Quantifying Price Improvement in Order Flow Auctions
Brad Bachu, Xin Wan, Ciamac C. Moallemi
This work introduces a framework for evaluating onchain order flow auctions (OFAs), emphasizing the metric of price improvement. Utilizing a set of open-source tools, our methodolo…