Devcon Archive logo
Devcon Forum Blog
  • Watch
  • Event
    Event: background logo
    • Devcon 7
    • Devcon 6
    • Devcon 5
    • Devcon 4
    • Devcon 3
    • Devcon 2
    • Devcon 1
    • Devcon 0
  • Categories
    Categories: background logo
    • Cryptoeconomics
    • Devcon
    • Developer Experience
    • Coordination
    • Core Protocol
    • Layer 2s
    • Real World Ethereum
    • Cypherpunk & Privacy
    • Security
    • Applied Cryptography
    • Usability
  • Playlists

Suggested

Loading results..

View all

About Devcon —

Devcon is the Ethereum conference for developers, researchers, thinkers, and makers.

An intensive introduction for new Ethereum explorers, a global family reunion for those already a part of our ecosystem, and a source of energy and creativity for all.

  • Watch
  • Devcon
  • Forum
  • Blog

Get in touch

devcon@ethereum.org

Subscribe to our newsletter

Crafted with passion ❤️ at the Ethereum Foundation

© 2025 — Ethereum Foundation. All Rights Reserved.

devcon 6 / designing autonomous markets for stablecoin monetary policy

  • YouTube
  • IPFS
  • Details

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

We discuss the design of primary (i.e., minting and redemption) market mechanisms for non-custodial stablecoins. We first introduce a new analytical tool, the *redemption curve*, which represents the redemption price as a function of redemption pressure. We use it to discuss historical de-peggings (e.g. in DAI, UST). We then describe a new dynamic redemption curve with desirable robustness properties and show how to implement a primary market based on this curve. The system is part of Gyroscope.

Categories

CryptoeconomicsStablecoin DesignAMMsProtocol Controlled Value
  • Related
Superliquid Mechanisms for Decentralized Stablecoins preview
Devcon
Talk
25:33

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 preview
Devcon
Talk
27:47

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 preview
Devcon
Talk
17:05

Nano-payments on Ethereum

Piotr Janiu of Golem (http://golemproject.net/) presents on Nano-payments on the Ethereum blockchain

Navigating Stablecoin Yields and Risks preview
Devcon
Panel

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 preview
Devcon
Talk
09:40

Liquidity on Blockchains

Casey Detrio presents on Liquidity on Blockchains with Batch Auctions and Smart Markets.

Programmable Incentives: Intro to Cryptoeconomics preview
Devcon
Talk
21:39

Programmable Incentives: Intro to Cryptoeconomics

Karl Floersch presents their talk titled, "Programmable Incentives: Intro to Cryptoeconomics"

Transparent Dishonesty: Blockchain Front-running Taxonomy preview
Devcon
Breakout
05:07

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 preview
Devcon
Talk
29:15

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 preview
Devcon
Talk
30:33

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 preview
Devcon
Talk
28:17

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.