The Hyperdrive Protocol: An Automated Market Maker for Fixed and Variable Rates

Autor:	Rhea, Jonny, Towle, Alex, Cosma, Mihai
Rok vydání:	2024
Předmět:	Computer Science - Computer Science and Game Theory Computer Science - Computational Engineering Finance and Science
Druh dokumentu:	Working Paper
Popis:	Hyperdrive is a protocol designed to facilitate the trading of fixed and variable rate assets. The protocol's unique pricing model consolidates liquidity into a single pool which addresses the challenges of fragmented liquidity across terms, eliminates the need for rollovers, and allows terms to be issued on demand. Its design meaningfully improves trading efficiency, liquidity provisioning, and user experience over existing fixed and variable rate protocol models.
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/2404.05036 Zobrazit plný text záznamu View this record from Arxiv