research

notes and deep dives into protocol and market mechanics.

Uniswap V3 Advanced Mechanics R/001

A rigorous deep dive into concentrated liquidity, virtual reserves, liquidity math and position management.
Mechanics of Liquidity Distribution R/002

Token swapping analysis through execution tracing, slippage measurement and a literature review of liquidity distribution.
Uniswap V2 Advanced Mechanics R/003

A foundational deep dive into the constant-product AMM — x·y=k reserves, fee math, mint and burn flows, and the mechanics of impermanent loss.