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We study axiomatic foundations for different classes of constant-function automated market makers (CFMMs). We focus particularly on separability and on different invariance properties under scaling. Our main results are an axiomatic…

Computer Science and Game Theory · Computer Science 2023-02-15 Jan Christoph Schlegel , Mateusz Kwaśnicki , Akaki Mamageishvili

This paper introduces and analyzes \emph{defensive rebalancing}, a novel mechanism for protecting constant-function market makers (CFMMs) from value leakage due to arbitrage. A \emph{rebalancing} transfers assets directly from one CFMM's…

Computer Science and Game Theory · Computer Science 2026-01-29 Sam Devorsetz , Maurice Herlihy

The iterative nature of the expectation maximization (EM) algorithm presents a challenge for privacy-preserving estimation, as each iteration increases the amount of noise needed. We propose a practical private EM algorithm that overcomes…

Machine Learning · Computer Science 2016-11-01 Mijung Park , Jimmy Foulds , Kamalika Chaudhuri , Max Welling

In this paper, we consider the problem of responding to a count query (or any other integer-valued queries) evaluated on a dataset containing sensitive attributes. To protect the privacy of individuals in the dataset, a standard practice is…

Information Theory · Computer Science 2020-07-21 Parastoo Sadeghi , Shahab Asoodeh , Flavio du Pin Calmon

We consider the problem of publicly releasing a dataset for support vector machine classification while not infringing on the privacy of data subjects (i.e., individuals whose private information is stored in the dataset). The dataset is…

Cryptography and Security · Computer Science 2020-01-01 Farhad Farokhi

We consider differentially private algorithms for reinforcement learning in continuous spaces, such that neighboring reward functions are indistinguishable. This protects the reward information from being exploited by methods such as…

Machine Learning · Statistics 2019-11-12 Baoxiang Wang , Nidhi Hegde

Online platforms such as Amazon and Netflix serve users across multiple countries and regions, underscoring the importance of multi-market recommendation (MMR). Most MMR methods adopt a pre-training and fine-tuning paradigm, in which a…

Information Retrieval · Computer Science 2026-05-13 Jun Zhang , Dugang Liu , Xing Tang , Xiuqiang He , Zhong Ming

Functional encryption (FE) has recently attracted interest in privacy-preserving machine learning (PPML) for its unique ability to compute specific functions on encrypted data. A related line of work focuses on noisy FE, which ensures…

Cryptography and Security · Computer Science 2025-05-12 Linda Scheu-Hachtel , Jasmin Zalonis

The smart grid incentivizes distributed agents with local generation (e.g., smart homes, and microgrids) to establish multi-agent systems for enhanced reliability and energy consumption efficiency. Distributed energy trading has emerged as…

Cryptography and Security · Computer Science 2020-04-28 Shangyu Xie , Han Wang , Yuan Hong , My Thai

Price feeds of securities is a critical component for many financial services, allowing for collateral liquidation, margin trading, derivative pricing and more. With the advent of blockchain technology, value in reporting accurate prices…

Computational Finance · Quantitative Finance 2023-05-23 Orhan Koc

Differential privacy is a standard framework to quantify the privacy loss in the data anonymization process. To preserve differential privacy, a random noise adding mechanism is widely adopted, where the trade-off between data privacy level…

Cryptography and Security · Computer Science 2022-03-22 Shuying Qin , Jianping He , Chongrong Fang , James Lam

Constant Function Market Makers (CFMMs) are a tool for creating exchange markets, have been deployed effectively in prediction markets, and are now especially prominent in the Decentralized Finance ecosystem. We show that for any set of…

Computer Science and Game Theory · Computer Science 2023-03-06 Mohak Goyal , Geoffrey Ramseyer , Ashish Goel , David Mazières

In order to remain competitive, Internet companies collect and analyse user data for the purpose of improving user experiences. Frequency estimation is a widely used statistical tool which could potentially conflict with the relevant…

Cryptography and Security · Computer Science 2021-04-14 Mengmeng Yang , Ivan Tjuawinata , Kwok-Yan Lam , Tianqing Zhu , Jun Zhao

We consider a federated data analytics problem in which a server coordinates the collaborative data analysis of multiple users with privacy concerns and limited communication capability. The commonly adopted compression schemes introduce…

Cryptography and Security · Computer Science 2024-02-02 Richeng Jin , Zhonggen Su , Caijun Zhong , Zhaoyang Zhang , Tony Quek , Huaiyu Dai

The rise of connected personal devices together with privacy concerns call for machine learning algorithms capable of leveraging the data of a large number of agents to learn personalized models under strong privacy requirements. In this…

Machine Learning · Computer Science 2018-02-20 Aurélien Bellet , Rachid Guerraoui , Mahsa Taziki , Marc Tommasi

In decentralized finance, any individual can pool their assets into an automated market maker (AMM) -- herein we focus on the constant product market maker (CPMM) -- in exchange for a claim on a fraction of future pool assets and fees…

Mathematical Finance · Quantitative Finance 2026-01-27 Maxim Bichuch , Zachary Feinstein

Data collected about individuals is regularly used to make decisions that impact those same individuals. We consider settings where sensitive personal data is used to decide who will receive resources or benefits. While it is well known…

Databases · Computer Science 2020-01-28 Satya Kuppam , Ryan Mckenna , David Pujol , Michael Hay , Ashwin Machanavajjhala , Gerome Miklau

Preserving privacy of continuous and/or high-dimensional data such as images, videos and audios, can be challenging with syntactic anonymization methods which are designed for discrete attributes. Differential privacy, which provides a more…

Machine Learning · Computer Science 2017-12-04 Jihun Hamm

We study mechanism design for public-good provision under a noisy privacy-preserving transformation of individual agents' reported preferences. The setting is a standard binary model with transfers and quasi-linear utility. Agents report…

Theoretical Economics · Economics 2024-05-21 Farzad Pourbabaee , Federico Echenique

Privacy issues of recommender systems have become a hot topic for the society as such systems are appearing in every corner of our life. In contrast to the fact that many secure multi-party computation protocols have been proposed to…

Cryptography and Security · Computer Science 2017-03-13 Jun Wang , Qiang Tang
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