First YACL talk for the semester: Gustavo Grivol (NYU Stern) - Optimal Block Times Under Decentralized Exchange Arbitrage (noon @ Jan. 31st, DL431)
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Aviv Y
Jan 27, 2025, 11:39:45 PMJan 27
to Yale Applied Cryptography Mailing List
Hi all,
We are pleased to kick-off the new semester's YACL seminar with a very interesting talk!
When: Friday (Jan 31), 12:00-13:00
Where: room 431, Dunham Laboratory (10 Hillhouse Ave, New Haven, CT 06511)
Speaker: Gustavo Grivol (NYU Stern)
Title: Optimal Block Times Under Decentralized Exchange Arbitrage
Abstract:
In this work, we try to map how arbitrage between decentralized and centralized exchanges can create incentives for reducing or increasing latency in blockchains. Under specific price dynamics, we demonstrate that arbitrage opportunities may incentivize block producers to delay releasing a new block until certain price deviations occur. In other price dynamics, latency strategies may even become irrelevant. We not only analyze price dynamics but also examine how factors such as transaction fees, interest rates, and the blockchain consensus mechanism shape different timing strategies. To support the model and results, we developed a more flexible framework for stopping time policies in blockchains and characterized the profit function for arbitrage in Constant Function Market Makers. To empirically assess these incentives, we examine data on Multi-Block Maximal Extractable Value (MEV), a scenario that allows more sophisticated timing strategies.
Bio:
Gustavo Grivol is an Operations Management Ph.D. student at NYU Stern, advised by Prof. Hanna Halaburda and Prof. Josh Reed. His research focuses on applications of stochastic processes in decision making and platform design. His research interests also include social networks and blockchains.
Zoom:
Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/93129539595?pwd=UOpIcqpeRM4z6vkbEbX3ChVnEKdJOR.1
Password: 658108
Or Telephone：203-432-9666 (2-ZOOM if on-campus) or 646 568 7788
One Tap Mobile: +12034329666,,93129539595#,,,,*658108# US (Bridgeport)
Meeting ID: 931 2953 9595
International numbers available: https://yale.zoom.us/u/azsxR63rs
For H.323 and SIP information for video conferencing units please click here: https://yale.service-now.com/it?id=support_article&sys_id=434b72d3db9e8fc83514b1c0ef961924
We are pleased to kick-off the new semester's YACL seminar with a very interesting talk!
When: Friday (Jan 31), 12:00-13:00
Where: room 431, Dunham Laboratory (10 Hillhouse Ave, New Haven, CT 06511)
Speaker: Gustavo Grivol (NYU Stern)
Title: Optimal Block Times Under Decentralized Exchange Arbitrage
Abstract:
In this work, we try to map how arbitrage between decentralized and centralized exchanges can create incentives for reducing or increasing latency in blockchains. Under specific price dynamics, we demonstrate that arbitrage opportunities may incentivize block producers to delay releasing a new block until certain price deviations occur. In other price dynamics, latency strategies may even become irrelevant. We not only analyze price dynamics but also examine how factors such as transaction fees, interest rates, and the blockchain consensus mechanism shape different timing strategies. To support the model and results, we developed a more flexible framework for stopping time policies in blockchains and characterized the profit function for arbitrage in Constant Function Market Makers. To empirically assess these incentives, we examine data on Multi-Block Maximal Extractable Value (MEV), a scenario that allows more sophisticated timing strategies.
Bio:
Gustavo Grivol is an Operations Management Ph.D. student at NYU Stern, advised by Prof. Hanna Halaburda and Prof. Josh Reed. His research focuses on applications of stochastic processes in decision making and platform design. His research interests also include social networks and blockchains.
Zoom:
Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/93129539595?pwd=UOpIcqpeRM4z6vkbEbX3ChVnEKdJOR.1
Password: 658108
Or Telephone：203-432-9666 (2-ZOOM if on-campus) or 646 568 7788
One Tap Mobile: +12034329666,,93129539595#,,,,*658108# US (Bridgeport)
Meeting ID: 931 2953 9595
International numbers available: https://yale.zoom.us/u/azsxR63rs
For H.323 and SIP information for video conferencing units please click here: https://yale.service-now.com/it?id=support_article&sys_id=434b72d3db9e8fc83514b1c0ef961924
Aviv Yaish
Jan 30, 2025, 12:50:52 PMJan 30
to Yale Applied Cryptography Mailing List
Reminding everyone that the talk is tomorrow, at noon EST!
You can add the event to your calendar using this link.
When: Friday (Jan 31), noon-1pm EST
More:
For additional details about the talk and our seminar, see our website: https://sites.google.com/view/yacl
For additional details about the talk and our seminar, see our website: https://sites.google.com/view/yacl
Aviv Yaish
Jan 31, 2025, 11:13:03 AMJan 31
to Yale Applied Cryptography Mailing List
A reminder that the talk will be starting soon (noon EST)!
For those joining online, see you all on Zoom:
https://yale.zoom.us/j/93129539595?pwd=UOpIcqpeRM4z6vkbEbX3ChVnEKdJOR.1 (Password: 658108)
Aviv Yaish
Feb 1, 2025, 10:29:47 AMFeb 1
to Yale Applied Cryptography Mailing List
In case you missed our great first talk for this semester by Gusatvo Grivol (NYU Stern) on Optimal Block Times Under Decentralized Exchange Arbitrage, be sure to check out the recording!
https://youtu.be/0gQSOcRpue8
https://youtu.be/0gQSOcRpue8
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