Tootfinder

e-GAI: e-value-based Generalized $\alpha$-Investing for Online False Discovery Rate Control
Yifan Zhang, Zijian Wei, Haojie Ren, Changliang Zou
https://arxiv.org/abs/2506.01452

e-GAI: e-value-based Generalized $α$-Investing for Online False Discovery Rate Control
Online multiple hypothesis testing has attracted a lot of attention in many applications, e.g., anomaly status detection and stock market price monitoring. The state-of-the-art generalized $α$-investing (GAI) algorithms can control online false discovery rate (FDR) on p-values only under specific dependence structures, a situation that rarely occurs in practice. The e-LOND algorithm (Xu & Ramdas, 2024) utilizes e-values to achieve online FDR control under arbitrary dependence but suffers from …

Price Discovery in Cryptocurrency Markets
Juan Plazuelo Pascual, Carlos Tardon Rubio, Juan Toro Cebada, Angel Hernando Veciana
https://arxiv.org/abs/2506.08718

Price Discovery in Cryptocurrency Markets
This document analyzes price discovery in cryptocurrency markets by comparing centralized and decentralized exchanges, as well as spot and futures markets. The study focuses first on Ethereum (ETH) and then applies a similar approach to Bitcoin (BTC). Chapter 1 outlines the theoretical framework, emphasizing the structural differences between centralized exchanges and decentralized finance mechanisms, especially Automated Market Makers (AMMs). It also explains how to construct an order book fro…

This https://arxiv.org/abs/2505.22784 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_eco…

Split the Yield, Share the Risk: Pricing, Hedging and Fixed rates in DeFi
We present the first formal treatment of \emph{yield tokenization}, a mechanism that decomposes yield-bearing assets into principal and yield components to facilitate risk transfer and price discovery in decentralized finance (DeFi). We propose a model that characterizes yield token dynamics using stochastic differential equations. We derive a no-arbitrage pricing framework for yield tokens, enabling their use in hedging future yield volatility and managing interest rate risk in decentralized l…

Split the Yield, Share the Risk: Pricing, Hedging and Fixed rates in DeFi
Viraj Nadkarni, Pramod Viswanath
https://arxiv.org/abs/2505.22784 https://…

Split the Yield, Share the Risk: Pricing, Hedging and Fixed rates in DeFi
We present the first formal treatment of \emph{yield tokenization}, a mechanism that decomposes yield-bearing assets into principal and yield components to facilitate risk transfer and price discovery in decentralized finance (DeFi). We propose a model that characterizes yield token dynamics using stochastic differential equations. We derive a no-arbitrage pricing framework for yield tokens, enabling their use in hedging future yield volatility and managing interest rate risk in decentralized l…

An analysis of capital market through the lens of integral transforms: exploring efficient markets and information asymmetry
Kiran Sharma, Abhijit Dutta, Rupak Mukherjee
https://arxiv.org/abs/2506.06350

An analysis of capital market through the lens of integral transforms: exploring efficient markets and information asymmetry
Post Modigliani and Miller (1958), the concept of usage of arbitrage created a permanent mark on the discourses of financial framework. The arbitrage process is largely based on information dissemination amongst the stakeholders operating in the financial market. The advent of the efficient market Hypothesis draws close to the M&M hypothesis. Giving importance to the arbitrage process, which effects the price discovery in the stock market. This divided the market as random and efficient cohort …

And if you're wondering what happened to those three Fast Cats.
In January 2024 someone tried to get someone to buy them by putting them up on Facebook Marketplace (yep!) for $15 Million for all three. (98% off original price lol). They were, and likely still are, sitting tied up in Alexandria, Egypt. They were last owned by the Egyptian Government.
At least one of them was essentially unchanged inside since the 1990s. (a Nanaimo Bar for $1.5!)
#BCPoli #BCNDP #FastFerry #Shipbuilding