Research is at the core of Vega.
We share all our published papers and overviews on this page. Some papers focus on technical implementations, while others are explorations of potential future technologies and innovations.
- Protocol whitepaper
This whitepaper describes the protocol and explores how traders, market makers, and node operators interact to collectively run high performance, fully decentralised markets in a deterministic way without the need for human intervention.
- Technical overview
This three-page document describes the architecture and trading core components of the Vega framework, from an engineering perspective.
- Incentives for Model Calibration on Decentralized Derivatives Exchanges: Consensus in Continuum
- Wendy, the Good Little Fairness Widget
Current blockchains either provide explicit ways to front run or leave transaction ordering to the full discretion of the miners. In this paper Klaus Kursawe proposes a new definition of fairness in terms of transaction ordering on blockchains using local time.
- Market Based Mechanisms for Incentivising Exchange Liquidity Provision
A key problem for exchanges is how to attract liquidity providers and retain their support in all market conditions. This paper develops mechanisms for creating open, automated and scalable liquidity markets. It outlines formal methods to quantify liquidity, determine its price and allocate rewards derived from trading fees between market makers.
- Wendy grows up
Klaus Kursawe has developed his original research for Wendy, the good little fairness widget, to include a framework for implementation across all blockchains and a simulator to calculate latency and throughput implications.
Events are a great opportunity to catch up with our community members.
If you have any ideas for events you'd like us to host or attend, drop us a DM or tweet on Twitter.
- Liquidity 2020: How to create & launch a BTC/USD futures market on Vega
On Vega anyone can create permissionless, professional-grade markets, on any underlying. This makes it possible for the world of derivatives markets to run on a global, public blockchain. Tamlyn Rudolph demonstrates this technology for the first time to show how to launch your own BTC / USD futures market on Vega's testnet
- Deconstructing derivatives
An all-day event featuring demos, hands-on workshops, and panel discussions exploring the world of derivatives. Starting off with fundamental theory, we then dive into community-led finance, crypto native products and liquidity mechanisms before addressing the future with the leaders that are shaping it.
The content progresses in complexity throughout the day and is geared towards all levels, from complete beginners to hardcore DeFi enthusiasts.
Organised by Vega, London Blockchain Labs and Outlier Ventures.
Abel Tedros, Andrey Belyakov, Anjan Vinod, Anton Golub, Barney Mannerings, Ben Gagnon, Carlo Las Marias, Dan Danay, David Nuelle, David Siska, Ethan Vera, Freddie Farmer, Juliana Passos, Leo Zhang, MonaEl Isa, Rafaella Baraldo, Stani Kulechov, Tamlyn Rudolph and Timothy Kelly.
- ACM conference on advances in financial technologies
- Dystopia Labs: DeFi Discussions
Dr Klaus Kursawe discussed how blockchains can mitigate against front-running for on-chain order book dApps, based on his latest paper ‘Wendy, the little good little fairness widget’.
- Deconstructing DEFI
London Blockchain Week
An all-day event featuring thought provoking group discussions, demos and hands-on interactive coding workshops with Xpring + ConsenSys, geared towards both those familiar and fresh to the world of decentralizedfinance.
Organised by Vega, London Blockchain Labs and Xpring. Sponsored by Fabric Ventures.
- London Blockchain Labs' Blockchain Bootcamp
Tamlyn Rudolph spoke on the current landscape of decentralised exchanges, plus an overview of decentralised derivatives and the parallel financial system.
- Quantlayer: Discussing a Parallel Financial System with Vega
- Flow State: Decompression and Discussion
Christina Norgård Rud and Xpring's Mahoney Turnbull hosted a multi sensory decompression ceremony, where attendees bathed in sound, consumed cacao, discussed the week and eased back into a (slightly) more centralised realm of life again.
- Blockchains for traders: On finality, fairness and flocking
Led by Dr Klaus Kursawe, this research seminar explored his recent work focusing on efficiency and flexibility when looking at the architecture, model and various protocol issues of the consensus layer. Klaus discussed how to replace the consensus algorithm on the fly, optimise protocol latency, and go beyond the thresholds to allow taking into account geography and other properties.
- Zen and the Art of Price Determination
Vega co-hosted an interactive market making workshop for beginners who wanted to learn more about trading on both centralised and decentralised marketplaces by using a simulated marketplace. The event was run by Tamlyn Rudolph and Carson Cook, PhD, from cryptocurrency trading and tech firm Fractal Wealth.
- Do Blockchains Dream of Cryptographic Sheep?
At this fishbowl event, attendees had a chance to jump into the conversation on topics like "what happens if inflationary monetary policy bites the dust?" and "what would be the impact of DeFi protocols taking the place of banks?".
The event was co-hosted by Vega, Pantera Capital, and NEAR Protocol, and the session was moderated by Tamlyn Rudolph.
- Pantera Capital Summit
Breakout session on Vega Protocol, led by Barney Mannerings.
- D.FINE Korea Blockchain Week - DeFi Panel Discussion
Barney Mannerings and panelists from Terra, Maker DAO, GBIC, and DXM discussed the current state of DeFi and its potential future.
- Women Who Go
A lightning talk called "Why Decentralise Capital Markets and Why Do It in Go?" was presented by Tamlyn Rudolph & Edd Hannay.