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Incentivizing flexible consumption of end-users is key to maximizing the value of local exchanges within Renewable Energy Communities. If centralized coordination for flexible resources planning raises concerns regarding data privacy and…

Systems and Control · Electrical Eng. & Systems 2026-01-12 Thomas Stegen , Julien Allard , Noé Diffels , François Vallée , Mevludin Glavic , Zacharie De Grève , Bertrand Cornélusse

Stablecoins are a class of cryptocurrencies which aim at providing consistency and predictability, typically by pegging the token's value to that of a real world asset. Designing resilient decentralized stablecoins is a challenge, and…

Computer Science and Game Theory · Computer Science 2024-10-30 Nicholas Strohmeyer , Sriram Vishwanath , David Fridovich-Keil

This paper examines the relationship between impermanent loss (IL) and loss-versus-rebalancing (LVR) in automated market makers (AMMs). Our main focus is on statistical properties, the impact of fees, the role of block times, and, related…

Statistical Finance · Quantitative Finance 2025-05-16 Abe Alexander , Guillaume Lambert , Lars Fritz

We demonstrate the application of an algorithmic trading strategy based upon the recently developed dynamic mode decomposition (DMD) on portfolios of financial data. The method is capable of characterizing complex dynamical systems, in this…

Computational Finance · Quantitative Finance 2015-08-20 Jordan Mann , J. Nathan Kutz

Dynamic hedging of an European option under a general local volatility model with small linear transaction costs is studied. A continuous control version of Leland's strategy that asymptotically replicates the payoff is constructed. An…

Mathematical Finance · Quantitative Finance 2014-08-26 Jiatu Cai , Masaaki Fukasawa

The limit order book mechanism has been the core trading mechanism of the modern financial market. In the cryptocurrency market, centralized exchanges also adopt this limit order book mechanism and a centralized matching engine dynamically…

Computational Engineering, Finance, and Science · Computer Science 2022-12-21 Yeonwoo Jeong , Chanyoung Jeoung , Hosan Jeong , SangYoon Han , Juntae Kim

The rise of Decentralized Finance (DeFi) has brought novel financial opportunities but also exposed serious security vulnerabilities, with flash loans frequently exploited for price manipulation attacks. These attacks, leveraging the atomic…

Cryptography and Security · Computer Science 2025-02-25 Ka Wai Wu

Financial speculators often seek to increase their potential gains with leverage. Debt is a popular form of leverage, and with over 39.88B USD of total value locked (TVL), the Decentralized Finance (DeFi) lending markets are thriving.…

General Finance · Quantitative Finance 2021-10-04 Kaihua Qin , Liyi Zhou , Pablo Gamito , Philipp Jovanovic , Arthur Gervais

Model-based Systems Engineering (MBSE) has been widely utilized to formalize system artifacts and facilitate their development throughout the entire lifecycle. During complex system development, MBSE models need to be frequently exchanged…

Systems and Control · Electrical Eng. & Systems 2020-05-13 Jinzhi Lu , Xiaochen Zheng , Zhenchao Hu , Huisheng Zhang , Dimitris Kiritsis

Federated Learning (FL) has emerged as a promising decentralized learning (DL) approach that enables the use of distributed data without compromising user privacy. However, FL poses several key challenges. First, it is frequently assumed…

Machine Learning · Computer Science 2025-09-29 Zahid Iqbal

We propose the first discrete-time infinite-horizon dynamic formulation of the financial index tracking problem under both return-based tracking error and value-based tracking error. The formulation overcomes the limitations of existing…

Portfolio Management · Quantitative Finance 2024-11-19 Xianhua Peng , Chenyin Gong , Xue Dong He

Previous research primarily characterized price movements according to time intervals, resulting in temporal discontinuity and overlooking crucial activities in financial markets. Directional Change (DC) is an alternative approach to…

Computational Engineering, Finance, and Science · Computer Science 2023-09-28 Bing Wu , Xiangzu Han

This study proposes an Ensemble Differential Evolution with Simula-tion-Based Hybridization and Self-Adaptation (EDESH-SA) approach for inven-tory management (IM) under uncertainty. In this study, DE with multiple runs is combined with a…

Optimization and Control · Mathematics 2023-10-16 Sarit Maitra , Vivek Mishra , Sukanya Kundu

The paper introduces an advanced Decentralized Energy Marketplace (DEM) integrating blockchain technology and artificial intelligence to manage energy exchanges among smart homes with energy storage systems. The proposed framework uses…

Networking and Internet Architecture · Computer Science 2023-11-20 Rasoul Nikbakht , Farhana Javed , Farhad Rezazadeh , Nikolaos Bartzoudis , Josep Mangues-Bafalluy

DeFi (Decentralized Finance) is one of the most important applications of today's cryptocurrencies and smart contracts. It manages hundreds of billions in Total Value Locked (TVL) on-chain, yet it remains susceptible to common DeFi price…

Cryptography and Security · Computer Science 2025-10-28 Juantao Zhong , Daoyuan Wu , Ye Liu , Maoyi Xie , Yang Liu , Yi Li , Ning Liu

In the realm of real-world devices, centralized servers in Federated Learning (FL) present challenges including communication bottlenecks and susceptibility to a single point of failure. Additionally, contemporary devices inherently exhibit…

Machine Learning · Computer Science 2024-08-15 Yasser H. Khalil , Amir H. Estiri , Mahdi Beitollahi , Nader Asadi , Sobhan Hemati , Xu Li , Guojun Zhang , Xi Chen

We study the problem of optimal liquidity withdrawal for a representative liquidity provider (LP) in an automated market maker (AMM). LPs earn fees from trading activity but are exposed to impermanent loss (IL) due to price fluctuations.…

Trading and Market Microstructure · Quantitative Finance 2025-10-21 Philippe Bergault , Sébastien Bieber , Leandro Sánchez-Betancourt

We consider the problem of dynamic pricing with limited supply. A seller has $k$ identical items for sale and is facing $n$ potential buyers ("agents") that are arriving sequentially. Each agent is interested in buying one item. Each…

Computer Science and Game Theory · Computer Science 2013-11-27 Moshe Babaioff , Shaddin Dughmi , Robert Kleinberg , Aleksandrs Slivkins

Recently, there is growing interest and need for dynamic pricing algorithms, especially, in the field of online marketplaces by offering smart pricing options for big online stores. We present an approach to adjust prices based on the…

Optimization and Control · Mathematics 2021-01-13 David Müller , Yurii Nesterov , Vladimir Shikhman

In this paper, we propose a fully decentralized and smart contract-based insurance protocol. We identify various issues in the Decentralized Finance (DeFi) insurance context and propose a solution to overcome these shortcomings. We…

General Finance · Quantitative Finance 2022-12-21 Matthias Nadler , Felix Bekemeier , Fabian Schär