IDEAS home Printed from https://ideas.repec.org/p/wiw/wus051/7385.html
   My bibliography  Save this paper

From Curved Bonding to Configuration Spaces

Author

Listed:
  • Zargham, Michael
  • Shorish, Jamsheed
  • Paruch, Krzysztof

Abstract

Bonding curves are continuous liquidity mechanisms which are used in market design for cryptographically-supported token economies. Tokens are atomic units of state information which are cryptographically verifiable in peer-to-peer networks. Bonding curves are an example of an enforceable mechanism through which participating agents influence this state. By designing such mechanisms, an engineer may establish the topological structure of a token economy without presupposing the utilities or associated actions of the agents within that economy. This is accomplished by introducing configuration spaces, which are proper subsets of the global state space representing all achievable states under the designed mechanisms. Any global properties true for all points in the configuration space are true for all possible sequences of actions on the part of agents. This paper generalizes the notion of a bonding curve to formalize the relationship between cryptographically enforced mechanisms and their associated configuration spaces, using invariant properties of conservation functions. We then proceed to apply this framework to analyze the augmented bonding curve design, which is currently under development by a project in the non-profit funding sector.

Suggested Citation

  • Zargham, Michael & Shorish, Jamsheed & Paruch, Krzysztof, 2019. "From Curved Bonding to Configuration Spaces," Working Paper Series/Institute for Cryptoeconomics/Interdisciplinary Research 7385, WU Vienna University of Economics and Business.
    • Handle: RePEc:wiw:wus051:7385
    as

    Download full text from publisher

    File URL: https://epub.wu.ac.at/7385/
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andrew Clark & Alexander Mihailov & Michael Zargham, 2024. "Complex Systems Modeling of Community Inclusion Currencies," Computational Economics, Springer;Society for Computational Economics, vol. 64(2), pages 1259-1294, August.
    2. Cyprien Grau, 2020. "Stochastic Valuation of Revenue-Collecting Tokens in Cryptoeconomic Organizations," Working Papers hal-02894497, HAL.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wiw:wus051:7385. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: WU Library (email available below). General contact details of provider: https://research.wu.ac.at/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.