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'''QuadMaker''' describes an [[constant function market maker|invariant]] whose portfolio value replicates the payoff of a quadratic perpetual. The original invariant for capped power payoffs was conceived in the paper replicating monotonic payoffs <ref>{{Cite journal |last=Angeris |first=Guillermo |last2=Evans |first2=Alex |last3=Chitra |first3=Tarun |date=September 2021 |title=Replicating Monotonic Payoffs Without Oracles |url=https://arxiv.org/pdf/2111.13740.pdf |journal=arXiv}}</ref> by Guillermo Angeris who published his work in 2021. A modified invariant for bounded quadratic and quartic perpetuals was later implemented by the crypto startup [[Numo]].
'''QuadMaker''' describes an [[constant function market maker|invariant]] whose portfolio value replicates the payoff of a quadratic perpetual. The original invariant for capped power payoffs was conceived in the paper replicating monotonic payoffs <ref>{{Cite |=Angeris |=Guillermo |last2=Evans |first2=Alex |last3=Chitra |first3=Tarun |date=September 2021 |title=Replicating Monotonic Payoffs Without Oracles |=.2111.13740 }}</ref> by Guillermo Angeris who published his work in 2021. A modified invariant for bounded quadratic and quartic perpetuals was later implemented by the crypto startup [[Numo]].


== References ==
== References ==

Latest revision as of 06:50, 24 March 2024

QuadMaker describes an invariant whose portfolio value replicates the payoff of a quadratic perpetual. The original invariant for capped power payoffs was conceived in the paper replicating monotonic payoffs [1] by Guillermo Angeris who published his work in 2021. A modified invariant for bounded quadratic and quartic perpetuals was later implemented by the crypto startup Numo.

References

[edit]
  1. ^ Angeris, Guillermo; Evans, Alex; Chitra, Tarun (September 2021). "Replicating Monotonic Payoffs Without Oracles". arXiv:2111.13740 [q-fin.TR].