D² brings together research on DeFi protocol design, incentives, and market behavior
Across two days, the program spans:
→ DeFi Microstructure
→ Perpetual Futures & Derivatives
→ Mechanism Design
→ Prediction Markets
→ AMMs
Learn more: https://t.co/IWTLqlIKEP
Enterprise-grade perps performance is here. What's still open is everything around it: how liquidity is provisioned, how funding is shaped, how losses are absorbed when things break, etc.
From @Designing_DeFi at Columbia by @Uniswap:
@NehharShah presented hyperbolic funding rate mechanisms as a solution for balancing open interest. Natascha Hey showed that the optimal ADL policy is to equalize leverage across positions and deleverage the most-levered first. @0xnagu and Mauricio Trujillo Ramirez frame ADL as online learning on a PnL-haircut domain and provided worst-case bounds.
ADL deserves rigorous mechanism design. The debate between prop AMMs vs orderbooks may even be settled by which are better at surviving big liquidation cascades.
D² Keynote: Rajiv Sethi
Sharing arguments from his upcoming book, Engines of Prophecy: The Power and Perils of Prediction Markets.
Tickets & full program: https://t.co/IWTLqlIKEP