论文标题
自动化市场标志物的定量融资方面
The Quantitative Finance Aspects of Automated Market Markers in DeFi
论文作者
论文摘要
自动化的做市商（AMM）是一类关于以太坊和其他区块链的智能合约，它们是自主的。换句话说，在AMM确定的条件下，AMM准备与其他与他们互动的市场参与者进行交易。在本文中，我们依靠现有和不断增长的文献可用的语料库，我们审查并介绍了基于其运营的关键数学和定量财务方面，包括AMMS与衍生品价格之间的有趣关系。
Automated Market Makers (AMMs) are a class of smart contracts on Ethereum and other blockchains that "make markets" autonomously. In other words, AMMs stand ready to trade with other market participants that interact with them, at the conditions determined by the AMM. In this this paper, which relies on the existing and growing corpus of literature available, we review and present the key mathematical and quantitative finance aspects that underpin their operations, including the interesting relationship between AMMs and derivatives pricing and hedging.
