General Partner & Head of Research at Paradigm
DeFi mechanism design, AMM theory, MEV research. Novel financial primitives and their mathematical foundations.
Dan cares about mathematical rigor and novel mechanism design. Show him the math behind your protocol.
Elegant mathematical solutions, novel AMM designs, MEV mitigation approaches, rigorous proofs
Hand-wavy tokenomics, copy-paste forks, projects without mathematical foundations
Mathematical framework mapping constant function market makers across dimensions of capital efficiency and flexibility.
A protocol is well-designed when its incentive structure feels mathematically inevitable
“The geometry of constant product markets is beautiful in its simplicity.”
— Paradigm Research
“The best DeFi protocols are the ones where the mechanism design feels inevitable.”
— Bell Curve podcast
Priority ordering in block construction is sufficient for MEV extraction.
Technical paper on concentrated liquidity AMM design
Liquidity curves define the design space for automated market makers.
Formalized the CFMM design space including Uniswap, Balancer, and Curve.
Formal mathematical analysis of the x*y=k constant product market maker.
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