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Liquidation of collateral are the primary safeguard for solvency of lending protocols in decentralized finance. However, the mechanics of liquidations expose these protocols to predatory price manipulations and other forms of Maximal…

数理金融 · 定量金融 2026-02-13 Agathe Sadeghi , Zachary Feinstein

Decentralized Autonomous Organizations (DAOs) have emerged as a novel governance mechanism in blockchain ecosystems, particularly within Decentralized Finance (DeFi). By enabling token holders to propose and vote on protocol changes, these…

密码学与安全 · 计算机科学 2025-07-22 Johnnatan Messias , Vabuk Pahari , Balakrishnan Chandrasekaran , Krishna P. Gummadi , Patrick Loiseau

Agreement protocols are crucial in various emerging applications, spanning from distributed (blockchains) oracles to fault-tolerant cyber-physical systems. In scenarios where sensor/oracle nodes measure a common source, maintaining output…

分布式、并行与集群计算 · 计算机科学 2024-05-08 Akhil Bandarupalli , Adithya Bhat , Saurabh Bagchi , Aniket Kate , Chen-Da Liu-Zhang , Michael K. Reiter

In the context of decentralized blockchains, accurately simulating the outcome of order flow auctions (OFAs) off-chain is challenging due to adversarial sequencing, encrypted bids, and frequent state changes. Existing approaches, such as…

计算机科学与博弈论 · 计算机科学 2025-03-12 Alex Watts , Davide Sinesi , Jacob Greene

The supply chain is a critical segment of the product manufacturing cycle, continuously influenced by risky, uncertain, and undesirable events. Optimizing flexibility in the supply chain presents a complex, multi-objective, and nonlinear…

As of August 2022, blockchain-based assets boast a combined market capitalisation exceeding one trillion USD, among which the most prominent are the decentralised autonomous organisation (DAO) tokens associated with decentralised finance…

综合经济学 · 经济学 2025-05-08 Teng Andrea Xu , Jiahua Xu , Kristof Lommers

The growing adoption of electric vehicles (EVs) is increasing peak demand in distribution systems, which can threaten grid stability and reduce operational efficiency. Dynamic electricity pricing is a promising means of mitigating these…

系统与控制 · 电气工程与系统科学 2026-05-27 Jiarui Yu , Zhiyu He , Wenbin Wang , Colin N. Jones , Florian Dörfler , Hanmin Cai

As 6G networks evolve, inter-provider agreements become crucial for dynamic resource sharing and network slicing across multiple domains, requiring on-demand capacity provisioning while enabling trustworthy interaction among diverse…

网络与互联网体系结构 · 计算机科学 2025-03-04 Farhana Javed , Josep Mangues-Bafalluy

Decentralized Finance (DeFi) platforms are often governed by Decentralized Autonomous Organizations (DAOs) which are implemented via governance protocols. Governance tokens are distributed to users of the platform, granting them voting…

密码学与安全 · 计算机科学 2023-08-09 Maya Dotan , Aviv Yaish , Hsin-Chu Yin , Eytan Tsytkin , Aviv Zohar

The Ethereum blockchain has a \emph{gas system} that associates operations with a cost in gas units. Two central concepts of this system are the \emph{gas limit} assigned by the issuer of a transaction and the \emph{gas used} by a…

软件工程 · 计算机科学 2025-06-19 Danilo Rafael de Lima Cabral , Pedro Antonino , Augusto Sampaio

Decentralized Finance (DeFi), propelled by Blockchain technology, has revolutionized traditional financial systems, improving transparency, reducing costs, and fostering financial inclusion. However, transaction activities in these systems…

密码学与安全 · 计算机科学 2023-12-22 Hou-Wan Long , Xiongfei Zhao , Yain-Whar Si

Gas is the transaction-fee metering system of the Ethereum network. Users of the network are required to select a gas price for submission with their transaction, creating a risk of overpaying or delayed/unprocessed transactions in this…

机器学习 · 计算机科学 2023-05-16 Conall Butler , Martin Crane

Financial options are fundamental to traditional markets, enabling strategies ranging from hedging to speculating. Yet, while the Automated Market Maker paradigm has revolutionized decentralized spot markets, no equivalent standard has…

数理金融 · 定量金融 2026-05-20 Maxim Bichuch , Zachary Feinstein

A key component of security in decentralized blockchains is proof of opportunity cost among block producers. In the case of proof-of-work (PoW), currently used by the most prominent systems, the cost is due to spent computation. In this…

密码学与安全 · 计算机科学 2020-12-08 George Bissias , Rainer Böhme , David Thibodeau , Brian N. Levine

Decentralized Finance (DeFi) is a rapidly evolving segment of blockchain technology that enables a transformative approach to financial services through Web3 applications. By leveraging smart contracts, DeFi allows developers to build…

分布式、并行与集群计算 · 计算机科学 2026-05-01 Ignat Melnikov , Roman Vlasov , Vladimir Gorgadze , Andrey Seoev , Yury Yanovich

Price manipulation attack is one of the notorious threats in decentralized finance (DeFi) applications, which allows attackers to exchange tokens at an extensively deviated price from the market. Existing efforts usually rely on reactive…

密码学与安全 · 计算机科学 2025-02-07 Bosi Zhang , Ningyu He , Xiaohui Hu , Kai Ma , Haoyu Wang

Transaction Fee Mechanism Design studies auctions run by untrusted miners for transaction inclusion in a blockchain. Under previously-considered desiderata, an auction is considered `good' if, informally-speaking, each party (i.e., the…

计算机科学与博弈论 · 计算机科学 2024-10-25 Aadityan Ganesh , Clayton Thomas , S. Matthew Weinberg

A transaction fee mechanism (TFM) is an essential component of a blockchain protocol. However, a systematic evaluation of the real-world impact of TFMs is still absent. Using rich data from the Ethereum blockchain, the mempool, and…

综合经济学 · 经济学 2025-08-11 Yulin Liu , Yuxuan Lu , Kartik Nayak , Fan Zhang , Luyao Zhang , Yinhong Zhao

The gas fee, paid for inclusion in the blockchain, is analyzed in two parts. First, we consider how effort in terms of resources required to process and store a transaction turns into a gas limit, which, through a fee, comprised of the base…

投资组合管理 · 定量金融 2024-11-07 Bernhard K Meister , Henry CW Price

The use of blockchains for automated and adversarial trading has become commonplace. However, due to the transparent nature of blockchains, an adversary is able to observe any pending, not-yet-mined transactions, along with their execution…

密码学与安全 · 计算机科学 2024-02-16 Kaihua Qin , Stefanos Chaliasos , Liyi Zhou , Benjamin Livshits , Dawn Song , Arthur Gervais