Research
Our research team is composed by leading researchers in algorithmic trading. We value open science as a way to move decentralized finance forward. Discover our recent papers below.
Automated Market Making: the case of Pegged Assets
We introduce a novel framework to model the exchange rate dynamics between two intrinsically linked cryptoassets, such as stablecoins pegged to the same fiat currency or a liquid staking token and its associated native token.
Price-Aware Automated Market Makers: Models Beyond Brownian Prices and Static Liquidity
We introduce a suite of models with advanced price dynamics, including stochastic volatility, jumps, and microstructural price models based on Hawkes processes
Swaap v2: Whitepaper
Swaap v2 is a non-custodial RfQ market-making infrastructure offering optimal liquidity services.
Automated Market Makers: Mean-Variance Analysis of LPs Payoffs and Design of Pricing Functions
We analyze the performance of Liquidity Providers (LPs) providing liquidity to different types of Automated Market Makers (AMMs).
Swaap v1: Whitepaper
Swaap is a decentralized exchange (DEX) protocol providing simple, powerful financial products. We introduce here the Matrix Market Maker (MMM) system.