This paper presents a general framework for the design and analysis of exchange
mechanisms between two assets that unifies and enables comparisons between the two …

We investigate the connectedness of automated market makers (AMM) that play a pivotal
role in liquidity and ease of operations in the decentralized exchange (DEX). By applying the …

Decentralized financial (DeFi) applications on the Ethereum blockchain are highly
interoperable because they share a single state in a deterministic computational …

Decentralised automated market makers (AMMs) have gained significant attention recently.
We propose an adaptive and automated Dynamic Function Market Maker (DFMM) that …

Automated market makers are a popular type of decentralized exchange in which users
trade assets with each other directly and automatically through a liquidity pool and a fixed …

The rise of decentralized finance (DeFi) has fundamentally reshaped the financial industry,
challenging traditional banking systems and opening up a world of possibilities in global …

In traditional finance, the Black & Scholes model has guided almost 50 years of derivatives
pricing, defining a standard to model any volatility-based product. With the rise of …

Decentralised automated market makers (AMMs) have attracted significant attention in
recent years. In this paper, we propose an adaptive and fully automated Dynamic Function …

Automated market markers (AMMs) are a new decentralised exchange model that has
grown to a multi-billion-dollar market; yet, it is unclear whether they are an economically …

Automated Market Makers Page 1 A Practical Guide to Decentralized Exchanges and
Cryptocurrency Trading Miguel Ottina Peter Johannes Steffensen Jesper Kristensen …