G3Ms:Generalized Mean Market Makers

Daniel Z. Zanger

Papers from arXiv.org

Abstract: In the Decentralized Finance (DeFi) setting, we present a new parametrized family of Constant Function Market Makers (CFMMs) which we call the Generalized Mean Market Makers (G3Ms), based on the generalized means. The G3Ms are intermediate between the Arithmetic Mean and Geometric Mean CFMM models, which G3Ms incorporate as special cases. We also present an extension of the G3Ms, based on the so-called Generalized f-Means, called Generalized f-Mean Market Makers (Gf3Ms). We show in addition that the G3Ms possess certain properties preferable to those exhibited by either the Arithmetic Mean CFMM or the Geometric Mean CFMM alone.

Date: 2022-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://arxiv.org/pdf/2208.07305 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2208.07305

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators (help@arxiv.org).