Asymptotically Free AdS3/CFT2
Bruno Balthazar, Amit Giveon, David Kutasov, and Emil J. Martinec

TL;DR
This paper introduces a new AdS3/CFT2 duality involving a string theory on a squashed three-sphere and a deformed symmetric product CFT, providing insights into string/black hole transition regimes.
Contribution
It proposes a novel duality with a specific bulk geometry and boundary theory, analyzing the string theory on AdS3 to derive the dual CFT2 in a new regime.
Findings
High energy states are string gases, not black holes.
Duality maps asymptotic AdS3 to a region where twist interactions vanish.
Provides a systematic derivation of the dual CFT from worldsheet string theory.
Abstract
We propose a new duality, in which the bulk string theory has a target spacetime times a squashed three-sphere , and the dual is a symmetric product of sigma models on , deformed by a -dependent twist operator. The duality maps the asymptotic region of to the region , where the twist interaction in the turns off. The backgrounds in question have , and so lie on the string side of the string/black hole correspondence transition. As a consequence, the high energy density of states consists of a string gas in rather than an ensemble of BTZ black holes. This property allows us to derive the dual by a systematic analysis of the worldsheet string theory on .
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