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008241010t20242024onca    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
0861 |aFB3-6/2024-12E-PDF
1001 |aHo, Annetta, |eauthor.
24514|aThe ecology of automated market makers / |cby Annetta Ho, Cosmin Cazan and Andrew Schrumm.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024.
264 4|c©2024
300 |a1 online resource (55 pages) : |billustrations (chiefly colour).
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff discussion paper = |lDocument d'analyse du personnel, |y1914-0568 ; |v2024-12
500 |aISSN assigned to different series.
500 |a"Last updated: July 11, 2024."
504 |aIncludes bibliographical references (pages 53-55).
5203 |a"This paper describes the ecology of automated market makers (AMMs), which are the most popular decentralized exchange model for the pricing and trading of crypto assets within decentralized finance. We use blockchain data to identify trends in user adoption and trading volumes of AMMs. Given the range of AMMs available and the diversity of their designs, we perform case studies on four platforms—Uniswap, Curve, Sushiswap and Balancer—to represent the AMM market. We describe the designs of these four AMMs in terms of their products or services, governance, incentives for participation and risks. Finally, we describe the characteristics of AMMs that require considerations with respect to the application of a regulatory framework to AMMs. Findings are presented for information and do not represent any formal legal analysis or opinion"--Abstract, page ii.
546 |aIncludes abstracts in English and French.
650 0|aCryptocurrencies.
650 0|aElectronic trading of securities.
650 0|aBlockchains (Databases)
650 6|aCryptomonnaie.
650 6|aValeurs mobilières Commerce électronique.
650 6|aChaînes de blocs.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff discussion paper (Bank of Canada)|v2024-12.|w(CaOODSP)9.806273
85640|qPDF|s1.76 MB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-6-2024-12-eng.pdf