January 2024
·
8 Reads
·
2 Citations
SSRN Electronic Journal
This page lists works of an author who doesn't have a ResearchGate profile or hasn't added the works to their profile yet. It is automatically generated from public (personal) data to further our legitimate goal of comprehensive and accurate scientific recordkeeping. If you are this author and want this page removed, please let us know.
January 2024
·
8 Reads
·
2 Citations
SSRN Electronic Journal
... Prior literature has studied incentives in AMMs, but no prior work has simultaneously modeled and analyzed the following three properties of CLMMs: (1) LPs can only invest up to a fixed budget, (2) LPs in CLMMs can invest different amounts in different price ranges, and (3) LPs compete against each other for fees, and thus must take into account other LPs' strategies and their budgets [26]. Most existing works focus on the study of a single LP's strategy [23] or on the case where LPs are identical [10,23,24,29,30,35], and in both cases the budget is assumed to be unlimited [35]. For legacy AMMs, [35] proposes a framework using symmetric games to show the uniqueness of the symmetric Nash equilibrium. ...
January 2024
SSRN Electronic Journal