Subject
5 entries
Cryptocurrency
Bookmarks
MEV101: The 0 to 1 Guide for Maximal Extractable Value
A ground-up guide to Maximal Extractable Value (MEV) in Ethereum and DeFi, covering sandwiching, arbitrage, liquidations, generalized frontrunning, flash loans, and Flashbots. A practitioner's introduction to the adversarial game theory and dark-forest economics underlying transaction ordering in public blockchains.
Towards a Theory of Maximal Extractable Value I: Constant Function Market Makers
Kulkarni, Diamandis, and Chitra's first paper in a theory series on Maximal Extractable Value in constant function market makers, showing sandwich attack price impact scales as O(log n) in trade count. It establishes the game-theoretic framework for MEV analysis that the field needed.
Bitcoin Market Research Report — April 2022
Bitcoin Magazine Pro's April 2022 market research report covers on-chain cyclical indicators, derivatives markets, mining economics, and macro conditions during bitcoin's 43% drawdown from ATH. A snapshot of the analytical toolkit used to assess where bitcoin sits in its market cycle.
Crypto Wash Trading
A finance paper by Cong, Li, Tang, and Yang that introduces systematic statistical tests for detecting wash trading on unregulated cryptocurrency exchanges, finding over 70% of reported volume is fake. The methodology — Benford's Law, size rounding patterns, tail distributions — is reusable forensic infrastructure for any manipulated market.
The Case for Bitcoin in an Institutional Portfolio
A 2020 paper or analysis making the case for Bitcoin allocation in an institutional portfolio — a genre of investment thesis that became prominent as hedge funds and institutional investors began evaluating crypto exposure. Saved via Twitter link in August 2020.