Collected writing and research from the Paradigm team

Martingale Shares

9.14.2021 | Dave White

Summary This paper introduces a new NFT primitive: Martingale shares, or "Mortys." Mortys are synthetics representing fractional ownership of classes of NFTs. They do not require buyouts or oracles, but [→]

Floor Perps

8.31.2021 | Dave White

Overview This paper introduces the floor perpetual, a synthetic NFT that tracks the floor price of a given project and can be minted by locking up NFTs from that project. [→]

Power Perpetuals

8.17.2021 | Dave White, Dan Robinson, Zubin Koticha, Andrew Leone, Alexis Gauba, Aparna Krishnan

Introduction This paper introduces a new type of derivative, the power perpetual. If the price of ETH doubles, the ETH^2 power perp 4Xs, the ETH^3 power perp 8Xs, and the [→]


7.28.2021 | Dave White, Dan Robinson, Hayden Adams

Introduction This paper introduces a new type of automated market maker, or AMM, that helps traders on Ethereum efficiently execute large orders. We call it the time-weighted average market maker, [→]

On Staking Pools and Staking Derivatives

4.23.2021 | Hasu, Georgios Konstantopoulos

The transition from Proof of Work (PoW) to Proof of Stake (PoS) is Ethereum’s most anticipated milestone since its inception. Instead of using the energy-costly PoW to extend the blockchain, [→]