Stochastic Risk Modeling for CDP Defaults

Quantifying Tail-Risk in Overcollateralized Lending

Sep 23 • 

Dipa

Fee Mechanisms Beyond EIP-1559

Burn Rules, Redistribution, and the Dynamics of Patient Bidders

Sep 16 • 

Dipa

Token Supply Regimes & Market Microstructure

Fees, MEV, Issuance… and the Risk Premium of a PoS Token

Sep 9 • 

Dipa

August 2025

When the Pool Fights Back (Part II): Approximating Equilibria in Complex MFGs

Trapped between two shores: bounding liquidity games when theory fails.

Aug 18 • 

Agustín Muñoz González

When the Pool Fights Back (Part I): Modeling Liquidity with Transaction Costs

Exploring how a simple tweak such as adding transaction costs turns a tractable mean field game into a complex dance of strategic interaction.

Aug 18 • 

Agustín Muñoz González

What if Uniswap Was a Game?

Modeling Liquidity Pools with Mean Field Thinking

Aug 18 • 

Agustín Muñoz González

Impermanent Loss from a Quantitative Perspective: Static Replication and Hedging via Options

A mathematical breakdown of impermanent loss in AMMs and a static replication strategy using European options.

Aug 18 • 

Agustín Muñoz González

July 2025

Orbital: A New Frontier in Stablecoin Liquidity

Introduction

Jul 15 • 

Agustín Muñoz González

April 2025

Building Agent-Based Models for DeFi: A Practical Bottom-Up Guide

How we use ABMs to explore complex systems like MEV extraction, starting from first principles

Apr 11 • 

Agustín Muñoz González

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March 2025

Static Hedging of Impermanent Loss in Constant Product AMMs

Replicating LP positions with options to reduce risk and improve capital efficiency

Mar 31 • 

Agustín Muñoz González