OASIcs - OpenAccess Series in Informatics. 4th International Conference on Blockchain Economics, Security and Protocols (Tokenomics 2022)
Doi
Abstract
Decentralised Finance has popularised Automated Market Makers (AMMs), but surprisingly little research has been done on their consistency. Can a single attacker extract risk-free revenue from an AMM, regardless of price or other users\u27 behaviour? In this paper, we investigate the consistency of a large class of AMMs, including the most widely used ones, and show that consistency holds
