arXiv Open Access 2023

Silkswap: An asymmetric automated market maker model for stablecoins

Nicola Cantarutti Alex Harker Carter Woetzel

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Abstrak

Silkswap is an automated market maker model designed for efficient stablecoin trading with minimal price impact. The original purpose of Silkswap is to facilitate the trading of fiat-pegged stablecoins with the stablecoin Silk, but it can be applied to any pair of stablecoins. The Silkswap invariant is a hybrid function that generates an asymmetric price impact curve. We present the derivation of the Silkswap model and its mathematical properties. We also compare different numerical methods used to solve the invariant equation. Finally, we compare our model with the well-known Curve Finance model.

Topik & Kata Kunci

q-fin.CP econ.GN q-fin.PR q-fin.TR

Penulis (3)

Nicola Cantarutti

Alex Harker

Carter Woetzel

Format Sitasi

APA MLA BibTeX

Cantarutti, N., Harker, A., Woetzel, C. (2023). Silkswap: An asymmetric automated market maker model for stablecoins. https://arxiv.org/abs/2302.07822

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Informasi Jurnal

Tahun Terbit: 2023
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓