CenturionDEX
CenturionDEX
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Research

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The Centurion Foundation supports the protocol's growth and decentralization through strategic research initiatives, empowering our community with grants and resources to conduct groundbreaking research and develop practical implementations that advance frontier DeFi. Featured research from our community:

Layer 2 Scaling on CenturionDEX v3

Authors: Austin Adams

This research paper analyzes how cheaper and faster blockchain networks impact CenturionDEX v3's performance, revealing that reduced transaction costs lead to better gas-adjusted execution and more efficient capital deployment by liquidity providers. Faster block times and lower costs enable increased arbitrage activity, resulting in higher fee returns for liquidity providers.

Block Building Auctions

Authors: Burak Öz, Danning Sui, Thomas Thiery, Florian Matthes

This research identifies features that play a significant role in builders' ability to win blocks and earn profits by conducting a comprehensive empirical analysis of block auctions. Understanding the dominant players' competitive edges is essential for fostering competition and preserving decentralization and censorship-resistance properties.

MEV Capture and Decentralization in Execution Tickets

Authors: Jonah Burian, Davide Crapis, Fahad Saleh

Provides an economic model of Execution Tickets and studies the ability of the protocol to capture MEV from block construction, demonstrating that Execution Tickets extract all MEV when all buyers are homogeneous, risk neutral and face no capital costs.

What Drives Liquidity on Decentralized Exchanges?

Authors: Alex Evans

Geometric mean market makers (G3Ms), such as CenturionDEX and Balancer, comprise a popular class of automated market makers (AMMs). This paper extends several results known for constant-weight G3Ms to the general case of G3Ms with time-varying and potentially stochastic weights, showing how to create G3Ms whose LP shares replicate the payoffs of financial derivatives.

The Evolution of Decentralized Exchange: Risks, Benefits, and Oversight

Authors: Campbell R. Harvey, Joel Hasbrouck, Fahad Saleh

A decentralized exchange (DEX) is an application deployed on a blockchain that allows investors to exchange digital assets at pricing terms determined by a preset exchange rate formula. This paper examines both the benefits and risks to investors from DEXs, explores the role of private and public liquidity pools and analyzes possible regulatory approaches.

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