Blog

Ethereum Portfolio Management

March 15, 20245 min read

What do allocators want? What does Ethereum need? How do we balance confilicting objectives?

Economics,Macro

Liquid Staking Liquidity

March 8, 20245 min read

Thoughts on the LST liquidity meta

AMMs,Economics

Kits: Development, Testing and User Flows

March 1, 20247 min read

Our vision for building with and using Arbiter as a kit for Ethereum applications.

Arbiter,Smart Contracts

DFMM Strategies: Automating Portfolio Management

February 23, 20243 min read

A practical guide to how DFMM strategies construct expressive and dynamic automated portfolios.

AMMs,Economics

DFMM Protocol Overview

February 16, 202416 min read

A technical overview of the DFMM protocol.

Technical,Security,AMM

Arbiter: A Year in Review

February 8, 20245 min read

What we've done and whats planned.

Arbiter

Dynamic Function Market Makers

February 1, 202420 min read

A formal overview of Dynamic Function Market Makers.

Technical,Mathematics,AMMs

Excalibur Release

January 26, 20247 min read

An application connected directly to DeFi.

Excalibur

Portfolio: A New Asset Management Primitive

October 26, 20235 min read

A non-custodial protocol for managing portfolios of assets that use customized strategies.

AMMs,Smart Contracts,Technical

Arbiter v0.4.0 and Arbiter Core v0.6.0

October 11, 20238 min read

This release focuses on a number of quality of life improvements and new features.

Arbiter,Technical

Primitive x Umbral

September 27, 20232 min read

Umbral will be using Primitive’s open source EVM logic simulator tool, Arbiter, to conduct holistic economic audits, protocol parametrization and smart contract simulation.

Arbiter,Economics,Research

Arbiter-Core Release v0.5.0

September 14, 20238 min read

What we've added, what is planned, and how we will do it.

Arbiter,Technical

Arbiter Release v0.3.0

August 22, 20236 min read

This release includes a full rewrite of the middleware interface over REVM, and we are very excited to share it with you.

Arbiter,Technical

Portfolio Management: Fee Generation in AMMs

April 27, 202311 min read

In this blog post, we will explore a more nuanced aspect of liquidity provision in a CFMM: how fees are generated on the CFMM and how does your liquidity distribution affect that? Our aim here is to provide an accessible yet comprehensive explanation of fee growth in a CFMM and how path dependency plays a crucial role within the process.

AMMs,Mathematics,Economics,Research

Portfolio Management: Value Functions and LP Shares

April 3, 202312 min read

LP shares in CFMMs can be thought of as autonomously managed portfolios.

AMMs,Mathematics,Economics,Research

Year 4

March 29, 20232 min read

Fourth year, same mission: onchain finance.

Macro

Introducing Arbiter v0.1.0

March 26, 20235 min read

Today we are excited to announce our beta release of Arbiter, a fast analysis tool with EVM parity

Arbiter,Security,Economics,Research

Introduction to On-Chain Portfolio Management

March 7, 202311 min read

In this article, I will outline two key use cases for Replicating Market Makers (RMMs) and introduce a method for recovering a trading function based on a desired liquidity distribution. I then show how this is exactly the technology we need for passive portfolio management and how Primitive Portfolio utilizes it..

AMMs,Mathematics,Economics,Research

Portfolio Pre-release

March 1, 20232 min read

Today we are unveiling Primitive’s newest protocol called Portfolio.

AMMs,Smart Contracts,Technical

Solstat: A statistical approximation library

February 24, 202318 min read

Solstat is a precise and efficient statistical approximation library for Solidity.

Smart Contracts,Mathematics,Technical

Are Layer 2 Networks Good for Uniswap Liquidity Providers?

October 19, 20223 min read

Liquidity Providers (LPs) using Uniswap V3 should ask themselves whether bridging to a layer 2 network can generate more fees than staying on Ethereum.

AMMs,Research

Gamma Exposure for Liquidity Providers Leads to Loss-Versus-Rebalancing

September 30, 20226 min read

This post compares DeFi LPs and TradFi MMs and connects the dots between LVR and GEX. We discuss how market designers, crypto traders, LPs and quants can build positions to reduce the GEX loss vector. By understanding GEX and LVR, LPs can try to predict how to best manage their positions.

AMMs,Mathematics,Economics,Research

Primitive Arbitrage

September 16, 20228 min read

In this piece, we show searchers and software engineers that it’s fairly simple to calculate the optimal arbitrage for making a profit on RMM-01, Primitive’s Replicating Market Maker (RMM).

Arbitrage,AMMs,Mathematics

RMM-01 Math Approximation Error

September 9, 20224 min read

On September 8, 2022, at 06:30 UTC, a liquidity pool in the Primitive RMM-01 protocol experienced a pricing issue due to a specific situational error in the math approximation functions. No user funds are at risk.

Security,AMMs

Early Sunset for RMM-01

September 9, 20223 min read

On September 8, 2022, a liquidity pool in the Primitive RMM-01 protocol experienced a pricing issue. No user funds are at risk because once the pool expired, there was no way to exploit the pool’s pricing; however, we recommend all users remove 100% of their liquidity from any outstanding RMM-01 positions.

Security,AMMs

Primitive Raises $9 Million in Series A Funding to Build AMM Discovery Platform

August 19, 20223 min read

Primitive will use Series A funding to build AMM discovery platform that broadens accessibility to liquidity provision.

AMMs,Macro,Research