Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
5,922 documents
The paper compares trader behavior on centralized and decentralized exchanges for Bitcoin perpetual futures, organizing exchanges into three architectural models. It examines trading volume, open interest, liquidations, leverage, and price volatility. For…
The document derives a preliminary formula for the expected fee cash flow earned by liquidity providers on decentralized exchanges. It assumes efficient markets, geometric Brownian price movements, and the absence of arbitrage. In this formulation, trading…
This study compares quantum machine learning, classical machine learning, hybrid quantum-classical methods, and transformer models in automated market maker and decentralized finance trading strategies. It reports backtests across multiple cryptocurrency…
This document analyzes how privacy noise affects price formation in a Kyle-style market. It assumes a committed Bayesian market maker observes order flow mixed with independent Gaussian noise, then derives a unique linear equilibrium. In that equilibrium,…
This study examines possible wash trading in Ethereum-based NFT markets, where traders can operate multiple addresses without identity checks. It analyzes sales from the 52 largest NFT collections by volume, covering January 2018 through mid-November 2021.…
The study examines fraudulent tokens on Uniswap V2 using transaction data to characterize trading activity and identify suspected scams. Its detection approach combines a guilt-by-association heuristic with machine-learning techniques, aiming to flag tokens,…
The document studies liquidity provider (LP) returns in geometric mean market makers, including pools with weights that change over time or vary stochastically. It develops expressions for LP share returns and their no-arbitrage prices, extending results…
This letter excerpt reviews the 2022 crypto selloff and a chain of failures involving Terra’s algorithmic stablecoin UST, the LUNA token, Three Arrows Capital, and crypto lenders. It explains UST’s two-way mint-and-burn mechanism and how confidence-driven…
The article uses recent GitHub event counts to compare development activity at Internet Computer, Chainlink, and Starknet, then explains the different infrastructure roles attributed to each: on-chain application hosting, external data feeds for smart…
The document outlines U.S. efforts to define how stablecoins and other digital assets fit within securities and commodities regulation. It describes the SEC and CFTC as the main agencies involved and presents FIT 21 as an attempt to clarify their…
This guide outlines Dogecoin’s stated uses, including peer-to-peer payments, social media tipping, charitable fundraising, merchant purchases, gaming, and small online transactions. It links those use cases to the network’s relatively quick confirmations and…
This overview introduces decentralized finance protocols and outlines how users may access them. It describes decentralized exchanges for swapping cryptoassets and lending protocols for borrowing or earning interest. Smart contracts automate processes that…
The document introduces decentralized finance as a blockchain-based ecosystem for services such as trading, lending, and borrowing. It presents these services as alternatives that can make financial tools more accessible and transparent than traditional…
The document analyzes UST’s May 2022 collapse, describing how Anchor withdrawals, sales through external exchanges, and weakening crypto and equity markets contributed to a loss of confidence. It explains UST’s mint-and-burn mechanism: users could exchange…
The document introduces Spark Protocol as a DeFi lending and savings ecosystem associated with MakerDAO, describing SparkLend, sDAI, and its cross-chain availability. It presents SPK as a governance and incentive token and reports that 37.5% of supply is…
The article introduces Toncoin and The Open Network, describing a proof-of-stake blockchain organized around a master chain, workchains, and shardchains. It says the network can split or merge shards as activity changes, with routing and sharding intended to…
The document introduces NFTFi lending, where NFT holders borrow wETH or DAI from peer lenders using their NFTs as collateral. It reviews loan activity across collections, defaults, and borrower histories, noting that loans are over-collateralized and that…
Hummingbot version 1.25 introduced a range of platform updates, including a Carbon decentralized exchange connector, expanded candle feeds, connector setup guides, and an ongoing redesign of its V2 strategy framework. Most release notes describe product,…