A Family of Multi-Asset Automated Market Makers
Eric Forgy, Leo Lau
TL;DR
This paper introduces a family of multi-asset automated market makers based on financial principles like self-financing and rebalancing, generalizing the constant product model.
Contribution
It develops a new family of multi-asset AMMs grounded in financial theory, extending beyond the traditional constant product model.
Findings
Derived liquidity curves from financial principles.
Unified framework encompassing constant product AMM.
Potential for more efficient multi-asset trading.
Abstract
We present a family of multi-asset automated market makers whose liquidity curves are derived from the financial principles of self financing transactions and rebalancing. The constant product market maker emerges as a special case.
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Taxonomy
TopicsEconomic theories and models · Complex Systems and Time Series Analysis · Financial Markets and Investment Strategies