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Improved Price Oracles: Constant Function Market Makers


Georgios Konstantopoulos: This is the most savage footnote I have ever read in a paper

22 replies, 933 likes

Ethan Buchman: "Uniswap was created with a $100,000 grant from the Ethereum Foundation, whereas 0x & Bancor raised $24 million & $153 million in ICOs. Uniswap currently has roughly 5-10 times the liquidity of 0x & Bancor combined. Both 0x and Bancor now route orders to Uniswap." Wowee!

8 replies, 177 likes

Tarun Chitra: 2020: Cambrian explosion in automated market makers — @UniswapExchange, @BalancerLabs, @ShellProtocol, @CurveFinance, ... A question: Is there a framework to understand why so many constant function market makers (CFMMs) work IRL? Yes! Thread 👇🏾

4 replies, 125 likes

Georgios Konstantopoulos: go read the paper by @tarunchitra @GuilleAngeris, they give you all the information needed to design a Constant Function Market Maker Uniswap, Balancer, Curve, etc. are only 1 form of this "family" of mechanisms, this is only the beginning

1 replies, 34 likes

Tarun Chitra: As @gakonst enjoyed turning our Sunday into footnote fixing day, here is the proposed update. Hopefully, people actually read the rest of the paper instead of fixating on a footnote? I'm not Fermat! cc. @recmo, @tomhschmidt, @abandeali1, etc.

2 replies, 23 likes

HEX 2020: Wow! Uniwap is amazing!

0 replies, 9 likes

Guillermo Angeris: Go check out the paper @tarunchitra and I have just finished writing, generalizing the family of known automated market makers! It also has some very simple ways of computing LP returns, for, e.g. @UniswapExchange or @BalancerLabs !

1 replies, 8 likes

Tina.ThereIsNoAlternative: Really frustrated with certain super well funded project not getting back to developer questions in 3 FUCKING DAYS! Everyone is busy and COVID is NO EXCUSE. And we chose to TRUST and RELY on these primitives?!

1 replies, 7 likes

キノ丂ズム刀イ乇丂: Tangential take that highlights how AMMs are disrupting ETFs, by making them "arbitrageable" Those who disregard AMMs as purely capital inefficient competition to trad. MMs are suffering from lack of imagination.

1 replies, 3 likes

Matt Shams(Brrrr) 🎯: this is an absolute gem for understanding the DNA on autonomous markets for #DeFi by @tarunchitra

0 replies, 1 likes


Found on Apr 12 2020 at

PDF content of a computer science paper: Improved Price Oracles: Constant Function Market Makers