A list of resources for understanding crypto protocols.
- MEV 101 by @0xmebius is a good overview
- DeFi MOOC (Fall 2021) from Dan Boneh Arthur Gervais, Andrew Miller, Christine Parlour, Dawn Song
- Special Topics in DeFi from Dawn Song
Slides and videos available online for both.
- Algorithmic Game Theory from Tim Roughgarden
- Convex Optimization by Stephen Boyd
- Mathematics of Finance from Don Saari
- A Graduate Course in Applied Cryptography from Dan Boneh and Victor Shoup
Trading via decentralized exchanges (DEXes) and automated market makers (AMMs).
V2
Also:
- Uniswap: A Good Deal for Liquidity Providers? (medium.com)
- Understanding Uniswap Returns (medium.com)
- On AMMS (vitalik.ca)
- Background on MMs in traditional finance (PDF)
V3
- Introducing Uniswap V3 (uniswap.org/blog)
- What is Uniswap - V3 (docs.uniswap.org)
- Uniswap V3: The Universal AMM (paradigm.xyz)
- Uniswap V3 Whitepaper (PDF)
- Interactive graphs in Desmos for Uniswap V3 from @danrobinson
Also:
- Liquidity Mining on Uniswap v3 (paradigm.xyz)
- Uniswap V3 LP Tokens as Perpetual Put and Call Options from Guillaume Lambert
- Curve StableSwap Whitepaper (PDF)
- Curve Crypto Pools Whitepaper (PDF)
- Curve DAO Whitepapers (PDF)
- Understanding StableSwap (Curve)
- Curve Wars (every.to) from @nateliason
- Department of Gauge Defense (Curve)
- Nested AMMs (dropbox.com) from Anthony Lee Zhang
- TWAMM (paradigm.xyz)
- Mooniswap Whitepaper (PDF)
- dYdX Whitepaper (PDF)
- Crocswap Whitepaper
- Toxic Flow: Its Sources and Counter-Strategies (deribit.com)
- Flash Boys 2.0 (PDF)
Work from @GuilleAngeris, @tarunchitra, @alexhevans and more
- An analysis of Uniswap markets (PDF)
- Multi-asset trades via convex optimization (PDF)
- Improved Price Oracles: Constant Function Market Makers (PDF)
- Liquidity Provider Returns in Geometric Mean Markets
- Optimal Fees for Geometric Mean Market Makers (PDF)
- Optimal Routing for Constant Function Market Makers (PDF)
- When does the tail wag the dog? Curvature and market making (PDF)
- A Note on Privacy in Constant Function Market Makers (PDF)
- Differential Privacy in Constant Function Market Makers (PDF)
- Check out the interchain future @ Osmosis + Cosmos
- Virtual AMM (vAMM): Perpetual Protocol
- Drift Dynamic AMM
- Replicating Market Makers
- Replicating Monotonic Payoffs Without Oracles
- Primitive Finance
- Why Stake When You Can Borrow?
More resources at 0xperp/defi-derivatives#option-amms. The entire list on derivatives is also great.
- Strategic Liquidity Provision in Uniswap v3 (PDF)
- Charm’s Alpha Vault, the Minimalist Uniswap v3 LP Strategy (PDF)
- Impermanent Loss in Uniswap v3 (PDF)
More resources at GammaStrategies/awesome-uniswap-v3.
Read these:
- Introducing OlympusDAO, An Algorithmic Currency Protocol (medium.com)
- FAQ（docs.olympusdao.finance)
- A Beginner’s Guide to Navigating Olympus Pro (medium.com)
- A Primer on Bonding (medium.com)
Then read these:
- Feedback Control as a New Primitive for DeFi (medium.com/gauntlet-networks)
- DeFi liquidity management via Optimal Control: Ohm as a case study (PDF)
And this:
Similar to Tetranode's Locker on Rari, there could be a service that allows influencers to create custom Yearn vaults that their followers can one-click deposit liquidity into. For followers: instant yield + no time wasted trying to manually strategies; for influencers: easy way to monetize their strategies. h/t John
- Balancer Basics
- Balancer Whitepaper (PDF)
- Calculating Value, Impermanent Loss and Slippage for Balancer Pools (medium.com)
- Capital-Efficient AMMs With Dynamically Adjusted Weights In Balancer V2 (medium.com)
Decentralized banks.
- USDC Whitepaper
- DAI Whitepaper
- MakerDAO Whitepaper
- Fei Whitepaper
- Lemma Whitepaper
- Sections under "Concepts Overview"
- Gauntlet Protocol Assessment Reports
- Gauntlet Blog (medium.com)
- A list of open problems in DeFi by 0xemperor
- 0xalpharush/awesome-MEV-resources
- Chi Gastoken (blog.1inch.io) - h/t Kai
- Flexible Anonymous Transactions: Flax (PDF)
Start with these:
- ZK Learning Group Topics (notion.so) from 0xPARC
- A Succinct Story of Zero Knowledge from nibnalin
- ZK: Zero to Hero (notion.site) from @eric_ruleman
Then dive deeper with these:
- Proofs, Arguments, and Zero-Knowledge from Justin Thaler
- https://people.eecs.berkeley.edu/~alexch/#teaching
- Specifically CS602: Foundations of Probabilistic Proofs (S2022)
- matter-labs/awesome-zero-knowledge-proofs
And check out these hacks:
For more background:
Asymetric Encryption
- RSA Algorithm
- Math of Elliptic Curves
- Digital Signature Algorithm
- Elliptic Curve Signatures
- Shamirs Secret Sharing (youtube.com)
- Learning with errors post-quantum (youtube.com)
SNARKs
- Gentle introduction to zk-SNARKs (PDF)
- zk-SNARKs (vitalk.ca)
- Halo (vitalik.ca)
- Halo Paper (PDF)
- Plonk Paper (PDF)
- Plonk (vitalik.ca)
- Bullet Proofs
- Nova Paper (PDF)
Other
- keccak
- Pairings (youtube.com) from Dan Boneh
- Pairings (vitalik.ca)