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arxiv_table(updated in 6 Aug 2021)

number title first sentence of summary pdf url published
1 Financial intermediation and risk in decentralized lending protocols We provide an overview of decentralized protocols like Compound and Aave that offer collateralized loans for cryptoasset investors. https://arxiv.org/pdf/2107.14678v1 2021-07-30
2 Zero-knowledge Based Proof-chain -- A methodology for blockchain-partial system Intuitively there is a drastic distinction between the pure decentralized block-chain systems like Defis and those that only utilize block-chain as an enhancing technology but remain centralized with real-world business model and conventional technologies like database, application server, etc. https://arxiv.org/pdf/2107.14142v1 2021-06-29
3 Training Massive Deep Neural Networks in a Smart Contract: A New Hope Deep neural networks (DNNs) could be very useful in blockchain applications such as DeFi and NFT trading. https://arxiv.org/pdf/2106.14763v1 2021-06-28
4 UNISWAP: Impermanent Loss and Risk Profile of a Liquidity Provider Uniswap is a decentralized exchange (DEX) and was first launched on November 2, 2018 on the Ethereum mainnet [1] and is part of an Ecosystem of products in Decentralized Finance (DeFi). https://arxiv.org/pdf/2106.14404v1 2021-06-28
5 Flash Crash for Cash: Cyber Threats in Decentralized Finance Decentralized Finance (DeFi) took shape in 2020. https://arxiv.org/pdf/2106.10740v1 2021-06-20
6 CeFi vs. DeFi -- Comparing Centralized to Decentralized Finance To non-experts, the traditional Centralized Finance (CeFi) ecosystem may seem obscure, because users are typically not aware of the underlying rules or agreements of financial assets and products. https://arxiv.org/pdf/2106.08157v2 2021-06-15
7 An Empirical Study of DeFi Liquidations: Incentives, Risks, and Instabilities Financial speculators often seek to increase their potential gains with leverage. https://arxiv.org/pdf/2106.06389v1 2021-06-11
8 Maximizing Extractable Value from Automated Market Makers Automated Market Makers (AMMs) are decentralized applications that allow users to exchange crypto-tokens without the need to find a matching exchange order. https://arxiv.org/pdf/2106.01870v1 2021-06-02
9 SoK: Yield Aggregators in DeFi Yield farming has been an immensely popular activity for cryptocurrency holders since the explosion of Decentralized Finance (DeFi) in the summer of 2020. https://arxiv.org/pdf/2105.13891v2 2021-05-28
10 DeFiRanger: Detecting Price Manipulation Attacks on DeFi Applications The rapid growth of Decentralized Finance (DeFi) boosts the Ethereum ecosystem. https://arxiv.org/pdf/2104.15068v1 2021-04-30
11 From banks to DeFi: the evolution of the lending market The Internet of Value (IOV) with its distributed ledger technology (DLT) underpinning has created new forms of lending markets. https://arxiv.org/pdf/2104.00970v2 2021-04-02
12 The Homogenous Properties of Automated Market Makers Automated market makers (AMM) have grown to obtain significant market share within the cryptocurrency ecosystem, resulting in a proliferation of new products pursuing exotic strategies for horizontal differentiation. https://arxiv.org/pdf/2105.02782v1 2021-03-31
13 SoK: Decentralized Exchanges (DEX) with Automated Market Maker (AMM) protocols As an integral part of the Decentralized Finance (DeFi) ecosystem, Automated Market Maker (AMM) based Decentralized Exchanges (DEXs) have gained massive traction with the revived interest in blockchain and distributed ledger technology in general. https://arxiv.org/pdf/2103.12732v3 2021-03-23
14 BLOCKEYE: Hunting For DeFi Attacks on Blockchain Decentralized finance, i. https://arxiv.org/pdf/2103.02873v1 2021-03-04
15 On the Just-In-Time Discovery of Profit-Generating Transactions in DeFi Protocols In this paper, we investigate two methods that allow us to automatically create profitable DeFi trades, one well-suited to arbitrage and the other applicable to more complicated settings. https://arxiv.org/pdf/2103.02228v1 2021-03-03
16 SciviK: A Versatile Framework for Specifying and Verifying Smart Contracts The growing adoption of smart contracts on blockchains poses new security risks that can lead to significant monetary loss, while existing approaches either provide no (or partial) security guarantees for smart contracts or require huge proof effort. https://arxiv.org/pdf/2103.02209v1 2021-03-03
17 Formal Analysis of Composable DeFi Protocols Decentralized finance (DeFi) has become one of the most successful applications of blockchain and smart contracts. https://arxiv.org/pdf/2103.00540v2 2021-02-28
18 Leveraged Trading on Blockchain Technology We document an ongoing research process towards the implementation and integration of a digital artefact, executing the lifecycle of a leveraged trade with permissionless blockchain technology. https://arxiv.org/pdf/2102.13488v1 2021-02-25
19 A theory of Automated Market Makers in DeFi Automated market makers (AMMs) are one of the most prominent decentralized finance (DeFi) applications. https://arxiv.org/pdf/2102.11350v2 2021-02-22
20 Measuring Asset Composability as a Proxy for DeFi Integration Decentralized financial (DeFi) applications on the Ethereum blockchain are highly interoperable because they share a single state in a deterministic computational environment. https://arxiv.org/pdf/2102.04227v2 2021-02-02
21 How Decentralized is the Governance of Blockchain-based Finance: Empirical Evidence from four Governance Token Distributions Novel blockchain technology provides the infrastructure layer for the creation of decentralized appli-cations. https://arxiv.org/pdf/2102.10096v2 2021-02-02
22 Flashot: A Snapshot of Flash Loan Attack on DeFi Ecosystem Flash Loan attack can grab millions of dollars from decentralized vaults in one single transaction, drawing increasing attention from the Decentralized Finance (DeFi) players. https://arxiv.org/pdf/2102.00626v1 2021-02-01
23 SoK: Decentralized Finance (DeFi) Decentralized Finance (DeFi), a blockchain powered peer-to-peer financial system, is mushrooming. https://arxiv.org/pdf/2101.08778v3 2021-01-21
24 DeFi-ning DeFi: Challenges & Pathway The decentralized and trustless nature of cryptocurrencies and blockchain technology leads to a shift in the digital world. https://arxiv.org/pdf/2101.05589v1 2021-01-14
25 Quantifying Blockchain Extractable Value: How dark is the forest? Permissionless blockchains such as Bitcoin have excelled at financial services. https://arxiv.org/pdf/2101.05511v3 2021-01-14
26 Dynamic Curves for Decentralized Autonomous Cryptocurrency Exchanges One of the exciting recent developments in decentralized finance (DeFi) has been the development of decentralized cryptocurrency exchanges that can autonomously handle conversion between different cryptocurrencies. https://arxiv.org/pdf/2101.02778v1 2021-01-07
27 Decentralized Finance, Centralized Ownership? An Iterative Mapping Process to Measure Protocol Token Distribution In this paper, we analyze various Decentralized Finance (DeFi) protocols in terms of their token distributions. https://arxiv.org/pdf/2012.09306v1 2020-12-16
28 Extracting Smart Contracts Tested and Verified in Coq We implement extraction of Coq programs to functional languages based on MetaCoq's certified erasure. https://arxiv.org/pdf/2012.09138v2 2020-12-16
29 Exploring Narrative Economics: An Agent-Based-Modeling Platform that Integrates Automated Traders with Opinion Dynamics In seeking to explain aspects of real-world economies that defy easy understanding when analysed via conventional means, Nobel Laureate Robert Shiller has since 2017 introduced and developed the idea of Narrative Economics, where observable economic factors such as the dynamics of prices in asset markets are explained largely as a consequence of the narratives (i. https://arxiv.org/pdf/2012.08840v1 2020-12-16
30 Towards A First Step to Understand Flash Loan and Its Applications in DeFi Ecosystem Flash Loan, as an emerging service in the decentralized finance ecosystem, allows users to request a non-collateral loan. https://arxiv.org/pdf/2010.12252v3 2020-10-23
31 AMR:Autonomous Coin Mixer with Privacy Preserving Reward Distribution It is well known that users on open blockchains are tracked by an industry providing services to governments, law enforcement, secret services, and alike. https://arxiv.org/pdf/2010.01056v3 2020-10-02
32 Liquidations: DeFi on a Knife-edge The trustless nature of permissionless blockchains renders overcollateralization a key safety component relied upon by decentralized finance (DeFi) protocols. https://arxiv.org/pdf/2009.13235v5 2020-09-28
33 Automated Market Makers for Decentralized Finance (DeFi) This paper compares mathematical models for automated market makers including logarithmic market scoring rule (LMSR), liquidity sensitive LMSR (LS-LMSR), constant product/mean/sum, and others. https://arxiv.org/pdf/2009.01676v2 2020-09-03
34 Decentralized Asset Custody Scheme with Security against Rational Adversary Asset custody is a core financial service in which the custodian holds in-safekeeping assets on behalf of the client. https://arxiv.org/pdf/2008.10895v3 2020-08-25
35 Why Stake When You Can Borrow? As smart contract platforms autonomously manage billions of dollars of capital, quantifying the portfolio risk that investors engender in these systems is increasingly important. https://arxiv.org/pdf/2006.11156v1 2020-06-16
36 DeFi Protocols for Loanable Funds: Interest Rates, Liquidity and Market Efficiency We coin the term Protocols for Loanable Funds (PLFs) to refer to protocols which establish distributed ledger-based markets for loanable funds. https://arxiv.org/pdf/2006.13922v3 2020-06-11
37 A First Look into DeFi Oracles Recently emerging Decentralized Finance (DeFi) takes the promise of cryptocurrencies a step further, leveraging their decentralized networks to transform traditional financial products into trustless and transparent protocols that run without intermediaries. https://arxiv.org/pdf/2005.04377v3 2020-05-09
38 A Human Dimension of Hacking: Social Engineering through Social Media Social engineering through social media channels targeting organizational employees is emerging as one of the most challenging information security threats. https://arxiv.org/pdf/2005.04049v1 2020-05-08
39 Attacking the DeFi Ecosystem with Flash Loans for Fun and Profit Credit allows a lender to loan out surplus capital to a borrower. https://arxiv.org/pdf/2003.03810v4 2020-03-08
40 The Decentralized Financial Crisis The Global Financial Crisis of 2008, caused by the accumulation of excessive financial risk, inspired Satoshi Nakamoto to create Bitcoin. https://arxiv.org/pdf/2002.08099v2 2020-02-19
41 Potential applications of Distributed Ledger Technology to the Defence Support Network Proponents of Distributed Ledger Technology (DLT) claim it could have an impact greater than the internet; a breakthrough defying organisational boundaries by securely storing data across trustless entities. https://arxiv.org/pdf/1811.11471v1 2018-11-28
42 Decentralized Basic Income: Creating Wealth with On-Chain Staking and Fixed-Rate Protocols In this review, we evaluate the mechanisms behind the decentralized finance protocols for generating stable, passive income. https://arxiv.org/pdf/2107.14312v1 2021-07-29
43 Architecture of Automated Crypto-Finance Agent We present the cognitive architecture of an autonomous agent for active portfolio management in decentralized finance, involving activities such as asset selection, portfolio balancing, liquidity provision, and trading. https://arxiv.org/pdf/2107.07769v3 2021-07-16
44 Frontrunner Jones and the Raiders of the Dark Forest: An Empirical Study of Frontrunning on the Ethereum Blockchain Ethereum prospered the inception of a plethora of smart contract applications, ranging from gambling games to decentralized finance. https://arxiv.org/pdf/2102.03347v2 2021-02-05
45 SoK: Lending Pools in Decentralized Finance Lending pools are decentralized applications which allow mutually untrusted users to lend and borrow crypto-assets. https://arxiv.org/pdf/2012.13230v1 2020-12-24
46 Optimal Bidding Strategy for Maker Auctions The Maker Protocol is a decentralized finance application that enables collateralized lending. https://arxiv.org/pdf/2009.07086v2 2020-09-15
47 Stablecoins 2.0: Economic Foundations and Risk-based Models Stablecoins are one of the most widely capitalized type of cryptocurrency. https://arxiv.org/pdf/2006.12388v3 2020-06-22
48 Improved Price Oracles: Constant Function Market Makers Automated market makers, first popularized by Hanson's logarithmic market scoring rule (or LMSR) for prediction markets, have become important building blocks, called 'primitives,' for decentralized finance. https://arxiv.org/pdf/2003.10001v4 2020-03-22
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