3 ms·
There's a nice overview at [0] "An Analysis of Uniswap markets." Some very interesting larger dynamics are discussed in [1] "When Does The Tail Wag The Dog? Cur
by mitchellpkt 4y ago
There's a nice overview at [0] "An Analysis of Uniswap markets." Some very interesting larger dynamics are discussed in [1] "When Does The Tail Wag The Dog? Curvature and Market Making."
The Uniswap mechanism varies significantly by version number:
+ For k=x*y mechanism used in Uniswap v2, check out
[2] "Improved Price Oracles: Constant Function Market Makers" and/or the [3] the Uniswap V2 whitepaper.
+ For newer liquidity range mechanism, there is a very nice explanation in [4] the Uniswap v3 core whitepaper.
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0. https://cryptoeconomicsystems.pubpub.org/pub/angeris-uniswap-analysis/release/15 https://cryptoeconomicsystems.pubpub.org/pub/angeris-uniswap...
1. https://cryptoeconomicsystems.pubpub.org/pub/angeris-curvature-market-making/release/2 https://cryptoeconomicsystems.pubpub.org/pub/angeris-curvatu...
2. https://dl.acm.org/doi/abs/10.1145/3419614.3423251 https://dl.acm.org/doi/abs/10.1145/3419614.3423251
3. https://uniswap.org/whitepaper.pdf https://uniswap.org/whitepaper.pdf
4. https://uniswap.org/whitepaper-v3.pdf https://uniswap.org/whitepaper-v3.pdf