Miao ZC
Miao programmed many, many years of computers as an old-school hacker. Miao is still in love with programming, more so as an art.
Now, Miao focuses on a mission that he believes in to fundamentally advance the experience of money in a world where money is superfluid.
As a lifetime goal, after showing some success, Miao also wants to spread the idea of rational self-interest, which he believes will unshackle humanity from the evil of destructive self-sacrifice.
Session
Typically, a swap is instant and discrete. In blockchains where transactions are not deterministic, such swaps are often subject to a class of game-theoretical attacks known as maximal extractable value (MEV). Even when this attack is mitigated or minimized, a trader may still prefer a more "boring" way of trading due to the notorious difficulties in managing price volatility and risks as an individual trader.
The fundamental solution to this problem is introducing the concept of continuous-time swaps, where trading happens through a function of time.
In this talk, we will compare several designs of continuous-time swaps and explain why it is feasible and crucial to demonstrate the unique features that Blockchain-based financial systems bring.