6 papers
Characterizing Path-Independent Fees: A Route to Zero Impermanent Loss in CPMMs
Andrey Voronin, Roman Vlasov, Vladimir Gorgadze +2
Constant Product Market Makers use fees that are typically fixed proportions of trade size. When these fees are automatically reinvested into the pool, as in Uniswap~V2 and some de…
From Impermanent Loss to Sustainable Gain: Quantifying Profitability Zones for Liquidity Providers on DEX
Ignat Melnikov, Roman Vlasov, Vladimir Gorgadze +2
Decentralized Finance (DeFi) is a rapidly evolving segment of blockchain technology that enables a transformative approach to financial services through Web3 applications. By lever…
The Origins of MEV: Systematic Attribution of Arbitrage Opportunity Creation at Scale
Andrei Seoev, Dmitry Belousov, Anastasiia Smirnova +4
Maximal Extractable Value (MEV) represents billions of dollars in extracted value that fundamentally shapes blockchain network dynamics and participant incentives. While research h…
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…
DIT: Dimension Reduction View on Optimal NFT Rarity Meters
Dmitry Belousov, Yury Yanovich
Non-fungible tokens (NFTs) have become a significant digital asset class, each uniquely representing virtual entities such as artworks. These tokens are stored in collections withi…
Dynamic Fee for Reducing Impermanent Loss in Decentralized Exchanges
Irina Lebedeva, Dmitrii Umnov, Yury Yanovich +2
Decentralized exchanges (DEXs) are crucial to decentralized finance (DeFi) as they enable trading without intermediaries. However, they face challenges like impermanent loss (IL),…