Storyboard
Storyboard · concept redesign
← Writing

Token Economics & Valuation

Replicating Market Makers

We present a method for constructing Constant Function Market Makers (CFMMs) whose portfolio value functions matches a desired payoff. More specifically, we show that the space of concave, nonnegative, nondecreasing…

This essay is published in full at its original home. We keep the abstract here on Placeholder; read the complete piece at the source.

Read the full essay on placeholder.vc ↗