Research corpus MarketsBLC-STUDY-0106

Automatic market-making with dynamic peg

Stableswap concentrates liquidity around a fixed price of one. This paper moves that concentration so it can follow a moving price between volatile assets. The pool reprices itself from its own trades. It does not know the outside world except through those trades.

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Record

Authors: Michael Egorov
Date: 2021
Publisher: Michael Egorov
Version: Source cited by the 2021 study. The study is the reading. This page does not add a second essay.
Document ID: BLC-STUDY-0106
DOI: None recorded
Last reviewed: 1 October 2026
Licence: No licence recorded. Rights status under review.

No hash is published. This build does not store those PDF bytes, so a checksum would be invented. Where a legacy path exists, it points at the Internet Archive copy of the old library.

Direct answer

Where to read

Official source — Curve Finance, 2021
Blockchain Lab study, the canonical readingOriginal commentary. Not a transcription of the paper.

Metadata and commentary only. The reading is the study page.

Full text

Full text is not published on this page. Public availability is not a licence to republish a document. Blockchain Lab has not recorded a licence that permits an HTML transcription, a training set, or a retrieval corpus of the paper. Text on this page is Blockchain Lab's own wording, or a pointer to a study that is also Blockchain Lab's wording.

What changed

The study separates the text from later network behaviour. This bibliographic page does not repeat that essay.

Relationships

Canonical readingCurve Cryptoswap study
Related paperCurve
Related paperUniswap
Related paperBalancer

Cite this record

These citations point at the source document. They are not a licence to copy it.

Author–date

Egorov, M. (2021). Automatic market-making with dynamic peg. Michael Egorov. https://classic.curve.finance/files/crypto-pools-paper.pdf

BibTeX

@techreport{curvecryptoswap2021,
  title = {Automatic market-making with dynamic peg},
  author = {Michael Egorov},
  year = {2021},
  institution = {Michael Egorov},
  url = {https://classic.curve.finance/files/crypto-pools-paper.pdf},
  note = {Rights status: Official external source only. Blockchain Lab record: https://blockchainlab.com/research/corpus/papers/curve-cryptoswap}
}

RIS

TY  - RPRT
TI  - Automatic market-making with dynamic peg
AU  - Michael Egorov
PY  - 2021
PB  - Michael Egorov
UR  - https://classic.curve.finance/files/crypto-pools-paper.pdf
N1  - Rights status: Official external source only
ER  -

CSL-JSON

[
  {
    "type": "report",
    "id": "BLC-STUDY-0106",
    "title": "Automatic market-making with dynamic peg",
    "author": [
      {
        "literal": "Michael Egorov"
      }
    ],
    "issued": {
      "date-parts": [
        [
          2021
        ]
      ]
    },
    "publisher": "Michael Egorov",
    "URL": "https://classic.curve.finance/files/crypto-pools-paper.pdf",
    "note": "Rights status: Official external source only. Not a licence to republish the paper."
  }
]

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Rights record

Source status: Official source
Use status: Metadata and commentary only. The reading is the study page.
Rights: Official external source only
Training and retrieval: Not permitted from this site. There is no rights-cleared full text to retrieve or to train on.

Rights and licensing Corrections