An analysis of Uniswap markets

Angeris, Guillermo; Kao, Hsien-Tang; Chiang, Rei; Noyes, Charlie; Chitra, Tarun

doi:10.48550/arxiv.1911.03380

Cited by 25 publications

(45 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…While the first offered chances for flash-loan attacks, the second type was less exploitable with flash loans. More technically, while with the V1, every token transacted price was registered in the block and immediately used as a feed, with the V2 version, the feed is extracted as a mean value of 24-h transactions for that specific rate [82]. It is essential to notice that, although liquidity pools do not require oracles to operate, they expose the liquidity providers to the risk of "Impermanent Loss" [83].…”

Section: Automated Market Makers (Amm)mentioning

confidence: 99%

The Blockchain Oracle Problem in Decentralized Finance—A Multivocal Approach

Caldarelli

Ellul

2021

Applied Sciences

View full text Add to dashboard Cite

Decentralized Finance (DeFi) takes the promise of blockchain a step further and aims to transform traditional financial products into trustless and transparent protocols that run without involving intermediaries. Similar to how 2017 was the year of ICOs, 2020 was the year of DeFi, with more than fifteen billion dollars of total investments. The decentralized platforms utilize oracles to retrieve asset data from the external world, but their choice and management criteria are often unknown to the end-users. If oracles are poorly selected or managed, the funds of a rising number of investors are inevitably in danger. The issue, known as “the oracle problem”, which makes real-world applications controversial and debated due to the loss of decentralization, had recently drawn attention to DeFi, given the crescent number of related hacks that caused the loss of millions of dollars held in DeFi projects. Through a multivocal approach that considers academic papers, whitepapers, preprints, and opinion posts, this study aims to shed light on the pattern that identifies the oracle problem in DeFi and outline the most promising ways to overcome the related weaknesses. This research supports the view that the oracle problem in decentralized finance bears specific characteristics which require standardization and appropriate economic incentives to be addressed.

show abstract

Section: Automated Market Makers (Amm)mentioning

confidence: 99%

The Blockchain Oracle Problem in Decentralized Finance—A Multivocal Approach

Caldarelli

Ellul

2021

Applied Sciences

View full text Add to dashboard Cite

show abstract

“…Decentralized Finance, based on smart contracts and Fungible Token (FT), offers a way to innovate economic models in the metaverse. Existing successful solutions, such as Uniswap [1], a Decentralized Exchange (DEX) on Ethereum, automatically provide users with liquidity for their tokens. At present, the main economic activities in the metaverse mainly include the auction of virtual assets, such as land, scarce items and precious real estate, development and leasing of land, rewards for finishing game tasks, and profits from investing in cryptocurrency.…”

Section: Ecosystemmentioning

confidence: 99%

Metaverse for Social Good: A University Campus Prototype

Duan,

Li,

Fan

et al. 2021

Preprint

View full text Add to dashboard Cite

In recent years, the metaverse has attracted enormous attention from around the world with the development of related technologies. The expected metaverse should be a realistic society with more direct and physical interactions, while the concepts of race, gender, and even physical disability would be weakened, which would be highly beneficial for society. However, the development of metaverse is still in its infancy, with great potential for improvement. Regarding metaverse's huge potential, industry has already come forward with advance preparation, accompanied by feverish investment, but there are few discussions about metaverse in academia to scientifically guide its development. In this paper, we highlight the representative applications for social good. Then we propose a three-layer metaverse architecture from a macro perspective, containing infrastructure, interaction, and ecosystem. Moreover, we journey toward both a historical and novel metaverse with a detailed timeline and table of specific attributes. Lastly, we illustrate our implemented blockchain-driven metaverse prototype of a university campus and discuss the prototype design and insights. CCS CONCEPTS• Human-centered computing → Interactive systems and tools; Collaborative and social computing systems and tools; • Software and its engineering → Software system structures.

show abstract

“…Recently, a new type of automated market maker has been popularized by decentralized exchanges such as Uniswap: the constant function market maker (CFMM) [2]. General properties of this novel market design and how it behaves alongside traditional centralized exchanges, have been studied in [4] and [5].…”

Section: Related Workmentioning

confidence: 99%

Concentrated Liquidity in Automated Market Makers

Fritsch¹

2021

Preprint

View full text Add to dashboard Cite

We examine how the introduction of concentrated liquidity has changed the liquidity provision market in automated market makers such as Uniswap. To this end, we compare average liquidity provider returns from trading fees before and after its introduction. Furthermore, we quantify the performance of a number of fundamental concentrated liquidity strategies using historical trade data. We estimate their possible returns and evaluate which perform best for certain trading pairs and market conditions.

show abstract

An analysis of Uniswap markets

Cited by 25 publications

References 4 publications

The Blockchain Oracle Problem in Decentralized Finance—A Multivocal Approach

The Blockchain Oracle Problem in Decentralized Finance—A Multivocal Approach

Metaverse for Social Good: A University Campus Prototype

Concentrated Liquidity in Automated Market Makers

Contact Info

Product

Resources

About