Reap the Harvest on Blockchain: A Survey of Yield Farming Protocols

Yield farming represents an immensely popular asset management activity in decentralized finance (DeFi). It involves supplying, borrowing, or staking crypto assets to earn an income in forms of transaction fees, interest, or participation rewards at different DeFi marketplaces. In this systematic survey, we present yield farming protocols as an aggregation-layer constituent of the wider DeFi ecosystem that interact with primitive-layer protocols such as decentralized exchanges (DEXs) and protocols for loanable funds (PLFs). We examine the yield farming mechanism by first studying the operations encoded in the yield farming smart contracts, and then performing stylized, parameterized simulations on various yield farming strategies. We conduct a thorough literature review on related work, and establish a framework for yield farming protocols that takes into account pool structure, accepted token types, and implemented strategies. Using our framework, we characterize major yield aggregators in the market including Yearn Finance, Beefy, and Badger DAO. Moreover, we discuss anecdotal attacks against yield aggregators and generalize a number of risks associated with yield farming.Comment: arXiv admin note: text overlap with arXiv:2105.1389

From Banks to DeFi: the Evolution of the Lending Market

The Internet of Value (IoV) with its distributed ledger technology (DLT) underpinning has created new forms of lending markets. As an integral part of the decentralised finance (DeFi) ecosystem, lending protocols are gaining tremendous traction, holding an aggregate liquidity supply of over $40 billion at the time of writing. In this paper, we enumerate the challenges of traditional money markets led by banks and lending platforms and present advantageous characteristics of DeFi lending protocols that might help resolve deep-rooted issues in the conventional lending environment. With the examples of Maker, Compound and Aave, we describe in detail the mechanism of DeFi lending protocols. We discuss the persisting reliance of DeFi lending on the traditional financial system and conclude with the outlook of the lending market in the IoV era

SoK: Yield Aggregators in DeFi

Yield farming has been an immensely popular activity for cryptocurrency holders since the explosion of Decentralized Finance (DeFi) in the summer of 2020. In this Systematization of Knowledge (SoK), we study a general framework for yield farming strategies with empirical analysis. First, we summarize the fundamentals of yield farming by focusing on the protocols and tokens used by aggregators. We then examine the sources of yield and translate those into three example yield farming strategies, followed by the simulations of yield farming performance, based on these strategies. We further compare four major yield aggregators - Idle, Pickle, Harvest and Yearn - in the ecosystem, along with brief introductions of others. We systematize their strategies and revenue models, and conduct an empirical analysis with on-chain data from example vaults, to find a plausible connection between data anomalies and historical events. Finally, we discuss the benefits and risks of yield aggregators

Blind Omnidirectional Image Quality Assessment with Viewport Oriented Graph Convolutional Networks

Quality assessment of omnidirectional images has become increasingly urgent due to the rapid growth of virtual reality applications. Different from traditional 2D images and videos, omnidirectional contents can provide consumers with freely changeable viewports and a larger field of view covering the $360^{\circ}\times180^{\circ}$ spherical surface, which makes the objective quality assessment of omnidirectional images more challenging. In this paper, motivated by the characteristics of the human vision system (HVS) and the viewing process of omnidirectional contents, we propose a novel Viewport oriented Graph Convolution Network (VGCN) for blind omnidirectional image quality assessment (IQA). Generally, observers tend to give the subjective rating of a 360-degree image after passing and aggregating different viewports information when browsing the spherical scenery. Therefore, in order to model the mutual dependency of viewports in the omnidirectional image, we build a spatial viewport graph. Specifically, the graph nodes are first defined with selected viewports with higher probabilities to be seen, which is inspired by the HVS that human beings are more sensitive to structural information. Then, these nodes are connected by spatial relations to capture interactions among them. Finally, reasoning on the proposed graph is performed via graph convolutional networks. Moreover, we simultaneously obtain global quality using the entire omnidirectional image without viewport sampling to boost the performance according to the viewing experience. Experimental results demonstrate that our proposed model outperforms state-of-the-art full-reference and no-reference IQA metrics on two public omnidirectional IQA databases

No-Reference Quality Assessment for 360-degree Images by Analysis of Multi-frequency Information and Local-global Naturalness

360-degree/omnidirectional images (OIs) have achieved remarkable attentions due to the increasing applications of virtual reality (VR). Compared to conventional 2D images, OIs can provide more immersive experience to consumers, benefitting from the higher resolution and plentiful field of views (FoVs). Moreover, observing OIs is usually in the head mounted display (HMD) without references. Therefore, an efficient blind quality assessment method, which is specifically designed for 360-degree images, is urgently desired. In this paper, motivated by the characteristics of the human visual system (HVS) and the viewing process of VR visual contents, we propose a novel and effective no-reference omnidirectional image quality assessment (NR OIQA) algorithm by Multi-Frequency Information and Local-Global Naturalness (MFILGN). Specifically, inspired by the frequency-dependent property of visual cortex, we first decompose the projected equirectangular projection (ERP) maps into wavelet subbands. Then, the entropy intensities of low and high frequency subbands are exploited to measure the multi-frequency information of OIs. Besides, except for considering the global naturalness of ERP maps, owing to the browsed FoVs, we extract the natural scene statistics features from each viewport image as the measure of local naturalness. With the proposed multi-frequency information measurement and local-global naturalness measurement, we utilize support vector regression as the final image quality regressor to train the quality evaluation model from visual quality-related features to human ratings. To our knowledge, the proposed model is the first no-reference quality assessment method for 360-degreee images that combines multi-frequency information and image naturalness. Experimental results on two publicly available OIQA databases demonstrate that our proposed MFILGN outperforms state-of-the-art approaches

Poopćena metoda razvoja po jacobijevim eliptičkim funkcijama i primjene na nelinearne valne jednadžbe

In this work an extended Jacobian elliptic function expansion method is applied to construct the exact periodic solutions of two nonlinear wave equations. The periodic solutions obtained by this method can be reduced to the solitary wave solutions under certain limiting conditions.Primijenili smo proširenu metodu razvoja po Jacobijevim eliptičkim funkcijama za izvod točnih periodičnih rješenja dviju nelinearnih valnih jednadžbi. Periodična rješenja koja smo izveli tom metodom svode se na solitonska rješenja u određenim graničnim uvjetima