The Owl Explains Hootenanny
Ava Labs x CBER Ep 9: Mitigation Methods for MEV and LVR
This podcast covers Maximal Extractable Value (MEV), Loss-Versus-Rebalancing (LVR) and associated mitigation methods. To provide more background, MEV is the economic value that can be extracted from blockchain users through arbitrage activity. Of particular note, arbitrageurs can extract value from liquidity providers at Decentralized Exchanges (DEXs) where these losses are known as Loss-Versus-Rebalancing (LVR). After explaining both MEV and LVR, this podcast focuses on mitigation methods including expedited block times and auction mechanisms intended to extract MEV. Guest: Professor Ciamac Moallemi (Columbia University) Paper: Automated Market Making and Arbitrage Profits in the Presence of Fees 🎧 Listen on Spotify and Apple Podcasts
Ava Labs x CBER Ep 8: Decentralized Exchange (DEX) Aggregators and Solvers
This podcast covers DEX Aggregators and Solvers. In more detail, DEXs are not isolated entities. Rather, a variety of "intents markets" have arisen (e.g., Uniswap X, CoW Swap) where users can express "intents" to trade and then these markets execute the intents by relying on DEX liquidity and also potentially other sources of liquidity (e.g., fillers). Intents markets are generally classified as aggregators or solvers, and this podcast explains the space of intent markets, clarifying the distinction between aggregators and solvers. The podcast particularly focuses on economic implications of intents markets. An important point is that assertions that these markets are likely to entail favorable outcomes for traders are not necessarily correct due to the underlying economic structure. Guest: Professor Mallesh Pai (Rice University) Paper: An Analysis of Intent-Based Markets 🎧 Listen on Spotify and Apple Podcasts
Ava Labs x CBER Ep 6: Regulation of Decentralized Exchanges
This podcast explains the novel risks for traders who trade at Decentralized Exchanges (DEXs) and why standard regulatory approaches are not well-suited for addressing those risks. The podcast then discusses the feasible paths for regulation weighing the relative advantages and disadvantages. An important point is that regulators are not necessarily properly aware of the challenges of regulation in the blockchain context and, as a consequence, some regulatory actions being taken might be counter-productive. Guests: Professor Campbell Harvey (Duke University) and Professor Joel Hasbrouck (NYU Stern) Paper: The Evolution of Decentralized Exchange: Risks, Benefits, and Oversight 🎧 Listen on Spotify and Apple Podcasts
Ep 42: US Rep Warren Davidson (R-OH-08)
Congressman Warren Davidson shares insights on token classification, self-custody, and bipartisan blockchain policy. Tune in for a candid conversation about crypto innovation and legislative reform in the United States. 🎧 Listen on Spotify and Apple Podcasts
Ep 39: Tokenizing Securities for Decentralized Finance Applications
Professor Andreas Park from the University of Toronto discusses how blockchain can transform the trading and management of securities. In this episode, he shares his research on overcoming the complex challenges of integrating stocks, dividends, and voting rights into decentralized systems, offering insights into the future of finance. Learn more in his paper: https://edas.info/showPaper.php?m=1571031828
Ep 38: Learning from DeFi. Would Automated Market Makers Improve Equity Trading?
Andreas Park (University of Toronto) and Katya Malinova (McMaster University) discuss their research on how automated market makers (AMMs) from DeFi could revolutionize equity trading. We explore the potential savings, challenges, and future of finance in a digital age. Check out their paper below: Learning from DeFi: Would Automated Market Makers Improve Equity Trading?
Ep 36: US Rep Yadira Caraveo (D-CO-08)
Congresswoman Yadira Caraveo shares insights on navigating the complex world of digital asset regulation and bipartisan collaboration. She highlights the conversation highlights the FIT21 bill, Colorado’s leadership in tech, and the need for financial inclusion in modern legislation. 🎧 Listen on Spotify and Apple Podcasts
Ep 35: Rep. Shri Thanedar (D-MI-13)
Congressman Shri Thanedar (D-MI-13) discusses his early adoption of cryptocurrency and emphasizes the transformative potential of blockchain technology. He highlights the importance of financial inclusion, arguing that digital assets can democratize access to financial services. 🎧 Listen on Spotify and Apple Podcasts
Stablecoin Runs and the Centralization of Arbitrage
Yiming Ma from Columbia Business School and Anthony Zhang from UChicago explore the intricacies of stablecoins and their impact on financial stability. Learn about the critical role of arbitrage in maintaining price stability and the potential risks associated with these digital assets. Check out their paper here.
Ep 31: The Impact of Blockchain and AI on the EU’s Financial Landscape
Dimitrios Psarrakis (Financial Economist and co-founder of Value Verse) provides expert insights on blockchain regulation and its implications for financial competitiveness in the EU. He explores the intersection of blockchain, AI, and financial innovation, emphasizing the importance of education and collaboration in shaping the future of finance.
Ep. 26: Global Blockchain Trade Associations and 2024 Policy (Part 1)
Join Marina Markezic (EU Crypto Initiative) , Ron Hammond (Blockchain Association), Tommaso Astazi (Blockchain For Europe), and Cody Carbone (Digital Chamber) as they delve into the complexities of blockchain regulation and its impact on global policy. Explore how trade associations are shaping the future of technology governance.
Ep 23: Shaping the Future of Currency: the Digital Dollar
Chris Giancarlo (Chamber of Digital Commerce and former CFTC commissioner) sheds light on the role of privacy, economic liberty, and leadership in navigating the ever-changing landscape of digital innovation and its impact on global economies.