mirror of
https://github.com/lux-apps/papers.git
synced 2026-10-30 18:15:21 +00:00
zeekay
abf99d05fc
Restructured from flat .tex/.pdf files into per-paper subdirectories. Added Antje Worring as co-author on all papers. Synced PDFs to pdfs/ for download site.
42 lines
1.5 KiB
TeX
42 lines
1.5 KiB
TeX
\section{Introduction}
|
|
|
|
|
|
\subsection{Motivation}
|
|
|
|
Automated market makers revolutionized decentralized exchange by
|
|
replacing order books with deterministic pricing functions. However,
|
|
existing AMMs suffer from three limitations:
|
|
|
|
\begin{enumerate}[nosep]
|
|
\item \textbf{No privacy}: All orders are visible on-chain before
|
|
execution, enabling front-running and sandwich attacks.
|
|
\item \textbf{Fungible tokens only}: NFTs and real-world asset tokens
|
|
cannot participate in standard AMM pools.
|
|
\item \textbf{Single-chain}: Cross-chain liquidity requires third-party
|
|
bridges with variable security properties.
|
|
\end{enumerate}
|
|
|
|
QuantumSwap addresses all three: homomorphic encryption prevents order
|
|
visibility, mixed FT/NFT pools extend liquidity to non-fungible assets,
|
|
and a native teleport protocol provides cross-chain token movement with
|
|
post-quantum security.
|
|
|
|
\subsection{Historical Context}
|
|
|
|
\begin{center}
|
|
\begin{tabular}{lll}
|
|
\toprule
|
|
\textbf{Year} & \textbf{Protocol} & \textbf{Innovation} \\
|
|
\midrule
|
|
2013 & BitShares & Decentralized order books \\
|
|
2016 & 0x Protocol & Gas-efficient meta-transactions \\
|
|
2018 & Uniswap V1 & First AMM, LP tokens, ETH/ERC-20 pairs \\
|
|
2020 & Uniswap V2 & ERC-20/ERC-20 pairs, flash swaps, oracle feeds \\
|
|
2021 & Uniswap V3 & Concentrated liquidity, range orders~\cite{uniswapv3} \\
|
|
2024 & QuantumSwap & Mixed FT/NFT pools, FHE-encrypted order flow \\
|
|
\bottomrule
|
|
\end{tabular}
|
|
\end{center}
|
|
|
|
%% ============================================================
|