数字经济联合线上讲座2020-2021春季第三期于3月25日（本周四）上午9：00开始，由加州大学伯克利分校christine parlour教授分享其论文"decentralized exchanges"
speaker
prof christine parlour, university of california, berkeley
title
"decentralized exchanges"
time
thursday, march 25, 2021, 9:00-10:30am beijing time
zoom link
https://hkbu.zoom.us/j/293341034
language
english
abstract
uniswap is one of the largest decentralized exchanges with a liquidity balance of over 3 billion usd and daily trading volume of over 700 million usd. it is designed as a system of smart contracts on the ethereum blockchain, and is a new model of liquidity provision, so called automated market making. we collect and analyze data on all 19 million uniswap interactions from 2018 to the current time. for this new market, we analyze returns to liquidity provision and returns. we document return chasing in liquidity provision and cross-sectional heterogeneity in returns to liquidity.
供稿 | 乔雪
编辑 | 旺姆