devcon 6 / designing autonomous markets for stablecoin monetary policy
Duration: 00:26:43
Speaker: Ariah Klages-Mundt, Steffen Schuldenzucker
Type: Talk
Expertise: Advanced
Event: Devcon
Date: Oct 2022
Superliquid Mechanisms for Decentralized Stablecoins
USDC and USDT outpace decentralized stablecoins in large part due to their liquidity. This talk covers the theory, data, and risks of stablecoin liquidity innovations. This will include mint/redemption mechanism design, liquidity pool design, rehypothecation, and protocol-owned liquidity. The analysis will distill how the flexibility of decentralized stablecoin issuance mechanisms can safely be used to their advantage over centralized stablecoins, which Gyroscope v2 is putting into practice.
Security Risks in DeFi: Delineating Technical and Economic Security
The frenetic evolution of DeFi makes it hard to understand its principles and risks. In our talk, We delineate DeFi along the axes of primitives, protocol types and security risks. We distinguish technical security, which has a healthy literature, from economic security, which is largely unexplored, connecting the latter with new models and thereby synthesizing insights from computer science and economics. Finally, we outline the open research challenges across these security types.
Nano-payments on Ethereum
Piotr Janiu of Golem (http://golemproject.net/) presents on Nano-payments on the Ethereum blockchain
Navigating Stablecoin Yields and Risks
This panel brings DeFi experts together to discuss stablecoin risks, including economic risks related to stabilisation methods, technical risks of smart contracts, and regulatory challenges. We will discuss solutions that can help mitigate risks in this rapidly evolving space and the challenges of promoting risk-driven decisions over trend-driven ones.
Liquidity on Blockchains
Casey Detrio presents on Liquidity on Blockchains with Batch Auctions and Smart Markets.
Programmable Incentives: Intro to Cryptoeconomics
Karl Floersch presents their talk titled, "Programmable Incentives: Intro to Cryptoeconomics"
Transparent Dishonesty: Blockchain Front-running Taxonomy
Front-running has been an issue in financial instrument markets since the 1970s. With the advent of the blockchain technology, front-running has resurfaced in new forms we explore here, instigated by blockchains decentralized and transparent nature. In this paper, we draw from a scattered body of knowledge and instances of front-running across the top 25 most active decentral applications (DApps) deployed on Ethereum blockchain, and an instance of abnormal behaviour of a mining pool to participate in an ICO. We also introduce a taxonomy of front-running attacks on blockchain and map the proposed solutions to front-running into useful categories. Published at Financial Cryptography and Data Security 2019: https://arxiv.org/abs/1902.05164
This is MEV
MEV has largely been a field where engineering drives science, it’s now time for science to drive engineering: we present an axiomatic formalization of MEV, the theory based on it, and the new applications that it enables.
A Modest Proposal for Ethereum 2.0
Vitalik Buterin gives his talk titled, "A Modest Proposal for Ethereum 2.0"
A Mechanism for Pricing Non-fungible Resources: Toward Multi-dimensional Fee Markets
We propose a new mechanism for multi-dimensional resource pricing in blockchains. Currently, many blockchain systems operate with either fixed transaction fees or fixed relative prices of different resources (e.g., compute, memory, storage). Our proposed mechanism prices resources independently and automatically in a way that maximizes some utility set by the protocol designer.