Loss-Versus-Fair: Efficiency of Dutch Auctions on Blockchains

Battle Count: 83

Highly relevant for understanding and optimizing trading mechanisms in decentralized finance, particularly for market makers and arbitrageurs operating on blockchain platforms.

While the mathematical derivations are complex, implementing the resulting formulas for practical use is relatively straightforward. However, integrating these insights into actual trading systems may require significant blockchain-specific knowledge.

The paper provides detailed mathematical derivations and formulas, making the results reproducible. However, no code is provided.