Bootstrapping a stable computation token

Exeum: A Decentralized Financial Platform for Price-Stable Cryptocurrencies

Price stability has often been cited as a key reason that cryptocurrencies have not gained widespread adoption as a medium of exchange and continue to prove incapable of powering the economy of decentralized applications (DApps) efficiently. Exeum proposes a novel method to provide price stable digital tokens whose values are pegged to real world assets, serving as a bridge between the real world and the decentralized economy. Pegged tokens issued by Exeum - for example, USDE refers to a stable token issued by the system whose value is pegged to USD - are backed by virtual assets in a virtual …

(In)Stability for the Blockchain: Deleveraging Spirals and Stablecoin Attacks

We develop a model of stable assets, including non-custodial stablecoins backed by cryptocurrencies. Such stablecoins are popular methods for bootstrapping price stability within public blockchain settings. We derive fundamental results about dynamics and liquidity in stablecoin markets, demonstrate that these markets face deleveraging feedback effects that cause illiquidity during crises and exacerbate collateral drawdown, and characterize stable dynamics of the system under particular conditions. The possibility of such `deleveraging spirals' was first predicted in the initial release of our…

代币构成：基于EVM日志的图

Token Composition: A Graph Based on EVM Logs

该研究通过对以太坊区块链代币构成的实证分析，构建基于EVM日志的代币构成图，分析其拓扑结构等属性并可视化相关连通分量，以探索代币构建的内容。

A Control Theoretic Approach to Infrastructure-Centric Blockchain Tokenomics

There are a multitude of Blockchain-based physical infrastructure systems, operating on a crypto-currency enabled token economy, where infrastructure suppliers are rewarded with tokens for enabling, validating, managing and/or securing the system. However, today's token economies are largely designed without infrastructure systems in mind, and often operate with a fixed token supply (e.g., Bitcoin). This paper argues that token economies for infrastructure networks should be structured differently - they should continually incentivize new suppliers to join the network to provide services and s…