@inproceedings{0ff85b78f2204132a34bf454631a933e,
title = "Global Order Routing on Exchange Networks",
abstract = "We propose an abstract notion of networks of exchanges with an eye to modelling the global money market of DeFi (decentralised finance). We formalise routing and arbitrage on such networks as convex optimisation problems. We provide bounds with closed formulas in the specific case of Uniswap-like automated markets and a restricted form of cyclic arbitrage. We compute the associated lower bounds on actual data derived from the Ethereum blockchain.",
author = "Vincent Danos and Khalloufi, \{Hamza El\} and Julien Prat",
note = "Publisher Copyright: {\textcopyright} 2021, International Financial Cryptography Association.; 2nd Workshop on Coordination of Decentralized Finance, CoDecFin 2021, 1st Workshop on Decentralized Finance, DeFi 2021, 6th Workshop on Advances in Secure Electronic Voting, VOTING 2021, and 5th Workshop on Trusted Smart Contracts, WTSC 2021, held in conjunction with the 25th International Conference on Financial Cryptography and Data Security, FC 2021 ; Conference date: 05-03-2021 Through 05-03-2021",
year = "2021",
month = jan,
day = "1",
doi = "10.1007/978-3-662-63958-0\_19",
language = "English",
isbn = "9783662639573",
series = "Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)",
publisher = "Springer Science and Business Media Deutschland GmbH",
pages = "207--226",
editor = "Matthew Bernhard and Andrea Bracciali and Lewis Gudgeon and Thomas Haines and Ariah Klages-Mundt and Shin'ichiro Matsuo and Daniel Perez and Massimiliano Sala and Sam Werner",
booktitle = "Financial Cryptography and Data Security. FC 2021 International Workshops - CoDecFin, DeFi, VOTING, and WTSC, Revised Selected Papers",
}