3 papers
q-fin.TR2026
Dynamic Collateral Control for Permissionless Spot Perpetual Basis Trading
Anatoly Krestenko, Mikhail Butov, Rostislav Berezovskiy +1
We study permissionless spot--perpetual basis trading in decentralized finance as a collateral control problem. The strategy holds spot inventory, hedges directional exposure with…
q-fin.TR2026
Liquidity provision in CLMMs: evidence from transactions data
Andrey Urusov, Rostislav Berezovskiy, Anatoly Krestenko +1
The emergence of Concentrated Liquidity Market Makers (CLMMs) has made liquidity provision on decentralized exchanges an active and risk-sensitive task. However, the standalone pro…
q-fin.MF2026
Dynamic Liquidity Provision in Decentralized Markets: Strategy Optimization and Performance Evaluation in Concentrated Liquidity AMMs
Andrey Urusov, Rostislav Berezovskiy, Anatoly Krestenko +2
Concentrated Liquidity Market Makers (CLMMs) represent a fundamental innovation in market microstructure, transforming liquidity provision from passive portfolio allocation to acti…