Replica del valor de un pool (CPM) y hedging de perdidas impermanentes
| Autor: | González, Agustín Muñoz, Dembling, Juan I. Sequeira y Ariel |
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| Jazyk: | Spanish; Castilian |
| Rok vydání: | 2024 |
| Předmět: | |
| Druh dokumentu: | Working Paper |
| Popis: | This article analytically characterizes the impermanent loss for automatic market makers in decentralized exchanges such as Uniswap or Balancer (CPMM). We present a theoretical static replication formula for the pool value using a combination of European calls and puts. We will formulate a result to guarantee coverage for any final price that falls within a predefined range. Comment: 4 pages, in Spanish language, 2 figures |
| Databáze: | arXiv |
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