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f4ee7a0525
Bylines, paper authorship, correspondence addresses and the founder blurb under each post named an individual. They name the organisation that published the work instead: the brand on posts and pages, the research byline on papers, and research@ in place of a personal address. Both are what these repositories already used elsewhere — nothing new was coined. Co-authors are untouched. Where a paper named someone else alongside, they stay named; only the one byline changed. Bibliography entries, running heads, PDF metadata and affiliations move with it, so a citation still resolves to whoever the cited paper names. Sample and fixture data uses the placeholder name these tests already use elsewhere, so no assertion changed meaning.
122 lines
4.8 KiB
TeX
122 lines
4.8 KiB
TeX
\documentclass[11pt,twocolumn]{article}
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% ============================================================
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% Packages
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% ============================================================
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\usepackage{../shared/luxcover}
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\usepackage[utf8]{inputenc}
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\usepackage[T1]{fontenc}
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\usepackage{lmodern}
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\usepackage{amsmath,amssymb,amsthm}
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\usepackage{mathtools}
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\usepackage{bm}
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\usepackage{algorithm}
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\usepackage{algpseudocode}
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\usepackage{graphicx}
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\usepackage{booktabs}
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\usepackage{hyperref}
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\usepackage{xcolor}
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\usepackage{listings}
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\usepackage{enumitem}
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\usepackage{caption}
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\usepackage{subcaption}
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\usepackage{tikz}
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\usepackage{pgfplots}
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\usepackage{array}
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\usepackage{multirow}
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\usepackage{float}
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\usepackage{tabularx}
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\usepackage{siunitx}
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\pgfplotsset{compat=1.18}
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\usetikzlibrary{arrows.meta,positioning,shapes.geometric,fit,calc,decorations.pathreplacing}
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\hypersetup{colorlinks=true,linkcolor=black,citecolor=blue,urlcolor=blue}
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% ============================================================
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% Language definitions for listings
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% ============================================================
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\input{../shared/lstlang}
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% ============================================================
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% Listings config
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% ============================================================
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\lstset{
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basicstyle=\ttfamily\scriptsize,
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breaklines=true,
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frame=single,
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numbers=left,
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numberstyle=\tiny\color{gray},
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keywordstyle=\color{blue!70!black}\bfseries,
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commentstyle=\color{green!50!black}\itshape,
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stringstyle=\color{red!60!black},
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showstringspaces=false,
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tabsize=2,
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}
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% ============================================================
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% Theorem environments
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% ============================================================
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\newtheorem{theorem}{Theorem}[section]
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\newtheorem{lemma}[theorem]{Lemma}
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\newtheorem{proposition}[theorem]{Proposition}
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\newtheorem{corollary}[theorem]{Corollary}
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\newtheorem{definition}{Definition}[section]
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\newtheorem{property}{Property}[section]
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\newtheorem{remark}{Remark}[section]
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\newtheorem{invariant}{Invariant}[section]
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% ============================================================
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% Title
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% ============================================================
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\title{\textbf{Yield-Bearing Bridge Tokens: Cross-Chain Capital\\Efficiency through Composable Yield Strategies}\\[6pt]
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\large Lux Teleport Omnichain Yield Protocol}
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\author{
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Lux Research\thanks{Corresponding author: [email protected]}
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\quad
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Vishnu Seesahai\\
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\textit{Lux Industries, Inc.}\\
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\texttt{[email protected]}
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}
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\date{2024 (Revised December 2025)}
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\begin{document}
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\luxcoverpage
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\twocolumn[
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\begin{@twocolumnfalse}
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\maketitle
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\begin{abstract}
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Over \$15 billion in assets are locked across cross-chain bridges, yet these assets earn zero yield---a capital inefficiency exceeding \$600 million per year in forgone staking and lending returns at prevailing rates.
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We present the Lux Teleport Yield Protocol, a system that deploys locked bridge assets into yield-generating strategies on their source chains and reflects accrued yield in bridge token share prices on destination chains through ERC-4626-inspired share accounting.
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The protocol defines a composable \texttt{IYieldStrategy} interface implemented by 29 strategies across 9 categories: liquid staking, restaking, lending, stablecoin yield, LP/DEX, Bitcoin-native yield, Solana DeFi, TON DeFi, and perpetuals.
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We formalize share price dynamics, proving that the share price $p(t)$ is monotonically non-decreasing under non-negative yield and bounded below by the collateralization invariant $p(t) \geq 0.985$.
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An MPC-attested backing oracle reports aggregate strategy positions at configurable intervals; if the attested backing falls below 98.5\% of outstanding shares, all bridge operations halt automatically.
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We introduce a three-tier risk framework with per-tier allocation caps, analyze the xLUX economic flywheel where protocol fees compound across bridge, DEX, lending, perpetuals, and NFT AMM, and demonstrate that yield-bearing bridge tokens (yLETH, yLBTC, yLUSD) achieve 4.2--23\% APY compared to 0\% for conventional wrapped assets.
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The Bitcoin-native yield composition---Babylon staking layered with restaking and DeFi---represents, to our knowledge, the first protocol enabling native BTC yield without custodial wrapping.
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\end{abstract}
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\vspace{1em}
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\end{@twocolumnfalse}
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]
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% ============================================================
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\input{sections/01-introduction}
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\input{sections/02-problem-statement}
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\input{sections/03-share-based-accounting}
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\input{sections/04-yield-strategy-interface}
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\input{sections/05-bitcoin-native-yield}
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\input{sections/06-mpc-yield-attestation}
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\input{sections/07-risk-framework}
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\input{sections/08-economic-analysis}
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\input{sections/09-performance-fee-mechanics}
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\input{sections/10-formal-security-properties}
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\input{sections/11-implementation}
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\input{sections/12-related-work}
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\input{sections/99-conclusion}
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\end{document}
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