Recent advancements in decentralized finance (DeFi) have resulted in a rapid increase in the use of Automated Market Makers (AMMs) for creating decentralized exchanges (DEXs). In this paper, we organize these developments by treating an AMM as a neoclassical black-box characterized by the...

We explain the mechanics of smart contracts. We then highlight benefits of smart contracts such as overcoming commitment problems. We also discuss limitations such as the difficulty for smart contracts to access information external to the blockchain and the difficulty of integrating smart...

The C.I.A properties of Web3 System -- Chain Security: Nodes, Algorithm, and Network -- Wallet Security -- Smart Contract Security -- Token Economics Model Creation and Security -- Economic Exploits and Risk Mitigation Strategies -- DevSecOps for Web3 -- Web3 Security Analytics -- Data...