Research

Sevryn Labs studies the mechanisms that power decentralized markets. Our research focuses on cryptoeconomic systems, protocol-level incentives, and market primitives that enable decentralized financial infrastructure.

Research Approach

Our work begins with theoretical models of decentralized economic systems. These models are tested through simulation and experimentation before being translated into protocol designs and smart contract implementations.

Theory → Mechanism → Protocol

Automated Market Makers

We study automated market makers as deterministic market structures. Our research focuses on pricing invariants, liquidity dynamics, and the mathematical properties that allow AMMs to function without order books or market makers.

Constant product invariantsLiquidity pool mechanicsSlippage dynamicsArbitrage equilibriaCapital efficiency

Bonding Curves

Bonding curves provide programmable pricing functions for token issuance and liquidity provisioning. We analyze curve structures, supply-based pricing models, and their role in decentralized funding and automated markets.

Supply-based pricingContinuous token issuanceCurve designFunding mechanismsToken market dynamics

Collateralized Lending Systems

Decentralized lending protocols rely on overcollateralization and liquidation mechanisms to maintain solvency. Our research explores collateral models, debt issuance systems, and protocol-level risk management.

Collateral ratio mechanicsLiquidation systemsSynthetic asset issuanceDebt accountingProtocol solvency models

Encrypted Markets

Encrypted market structures aim to protect user intent and trading strategies while maintaining verifiable execution. We explore the design of privacy-preserving exchanges using encrypted orderbooks and zero-knowledge verification.

Encrypted orderbooksFully homomorphic encryptionPrivate trading mechanismsIntent privacyVerifiable computation