The paper analyzes and documents various double-dip reward abuse attacks that exploit flaws in how cashback and reward engines handle transaction refunds, proposing formal invariants and defensive alg…

The paper analyzes transaction selection strategies in DAG-based distributed ledgers using game theory, finding that Collaborative Fee Sharing (CFS) achieves superior performance compared to Random Fe…

The paper demonstrates that on public blockchains, the ability to dictate transaction order (ordering power) is the true source of sanctioning power, as block producers can extract value (SE-MEV) by p…

The paper investigates whether tokenizing real-world assets actually improves liquidity, finding that liquidity is highly heterogeneous across asset types and is not reliably predicted by the outstand…

This paper shows that the pricing of outcomes in prediction markets is significantly influenced by the financial friction of delayed settlement, quantifying this effect using an annualized settlement…

This paper analyzes the x402 payment protocol, revealing systemic vulnerabilities in state synchronization and signature design that allow attackers to exploit payment systems for resource leakage in…

This paper analyzes the x402 payment protocol, revealing critical synchronization and security flaws that allow attackers to exploit payment systems and force merchants to subsidize compute costs.

The paper proposes a compliance-aware architecture for agentic payments on stablecoin rails that embeds regulatory checks directly into the on-chain execution flow to ensure safe, low-friction transfe…

The paper systematically analyzes 36 existing and proposed digital payment system designs to identify recurring patterns, technical trade-offs, and implementation challenges relevant for future Centra…

The paper analyzes the nascent DeFi investment agent market, finding that while token valuations are high, current deployments are heterogeneous, lack clear autonomous execution, and exhibit poor risk…

The paper empirically analyzes the nascent DeFi investment agent market, finding that while token valuations are high, current deployments lack robust autonomous execution and exhibit poor risk-adjust…

The paper introduces SuperPaymaster, an Asset-Oriented Abstraction (AOA) paymaster that eliminates the need for a centralized off-chain signer, thereby improving the decentralization and efficiency of…

The paper analyzes transaction fee mechanisms in modern blockchains that use parallel execution and contingency, proving an inherent trade-off between minimizing risks for users and maximizing revenue…

The paper demonstrates that current transfer-based AML systems fail in complex DeFi environments because economic value migration can be structurally decoupled from explicit token transfers.

The paper introduces ClawCoin, a novel tokenized, compute-cost-indexed unit of account designed to solve the problem of non-transferable compute costs in decentralized AI agent economies.

The paper introduces the Sequential Triply Robust (STR) estimator, a method that corrects for multiple systematic biases (authorization, reporting, delay, and corruption) in chargeback labels to achie…

The paper proves that standard account-based ledgers cannot non-custodially enforce asset disposition, and introduces a novel commitment-based ledger structure, the 'envelope,' that achieves this capa…

The paper analyzes Ethereum builder transactions to show that builder centralization is an emergent property of the Proposer-Builder Separation (PBS) architecture, driven by specific order flow and ME…

The paper introduces MEV non-interference, a formal security notion, to ensure that composing new smart contracts in DeFi does not increase the maximal extractable value, thereby providing a formal fo…

This paper models Ethereum's mempool as a dynamic scheduling problem using an MDP, showing that dynamic pricing stabilizes the system and maximizes long-run rewards, and that the optimal policy conver…