◃ Back to **Study Season 2024 Information Hub**
Dr. Mark Richardson, Project Lead, Bancor
🧡 Welcome to Track 3 of the Study Season!
Please find below everything you need to know.
Track 3/1: Thursday, May 09, 12:00 - 13:30 UTC
Track 3/2: Thursday, May 16, 12:00 - 13:30 UTC
Track 3/3: Thursday, May 23, 12:00 - 13:30 UTC
Track 3/4: Thursday, May 30, 12:00 - 13:30 UTC
Track 3/5: Thursday, June 06, 12:00 - 13:30 UTC
Note: No worries if you can’t make it to all live sessions. As we have students from 21 time zones, we'll record all sessions and make them available in this playlist to watch later.
<aside> 🗓️ Google Calendar: Add to calendar
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<aside> 👩💻 Where: Zoom Room. Click here
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<aside> ⏯️ Session Recordings: Study Season 2024 Playlist
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<aside> 👥 Hosted By: Token Engineering Academy
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<aside> 💡 Is this program free? Yes! All of our Study Season Live Tracks are free, with no fees!
Do I need to register? Yes, you must register for the Study Season to attend. Please register here if you haven’t already done so. After that, no further registration for the Live Tracks is needed; just join the Sessions via this Zoom link. Additionally, make sure to add the sessions to your calendar. It's the best way to stay up-to-date if there are any changes and receive reminders.
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Yes! You can earn your personal proof-of-knowledge NFT for participating in this Live Track.
Here’s how it works: 🧩 In this Live Track, you have to pass an online exam to receive an NFT proof of knowledge 🧩 Please read the instructions below carefully 🧩 Deadline to pass your exam: June 24, 2024.
🧩 Take your exam here (enroll to course + take exam)
🧩 IMPORTANT: You have only 1 attempt! 🧩 Passing score: 12 of 17 questions 🧩 If passed, you’ll be eligible to mint an NFT via your TE Academy profile 🧩 To trigger the minting process, please make sure to connect an Ethereum wallet to your TE Academy profile. Select your wallet carefully, your TE Academy NFTs are non-transferable - learn more here.
If you have any questions, please don’t hesitate to reach out to [email protected]
👩💻 We update this section with new links & recordings week by week!
In this series of study sessions, we will formally derive amplified (aka "concentrated liquidity") bonding curves from first principles with Dr. Mark Richardson, the Project Lead at Bancor. Bonding Curves have been vital for the success of DeFi since Bancor’s first implementation of an automated market maker (AMM) in 2017. Amplified/Concentrated Liquidity was first described by Bancor in 2020, then popularized by Uniswap v3 in 2021, and later adopted by many other projects across DeFi. Concentrated liquidity curves are the transformed versions of their canonical xy = k counterparts. This transformation allows small token pools to emulate the behaviour of larger pools, with the caveat that the pool is only liquid within a predetermined price range, whereas the xy = k prototype is liquid at all price points.
There are a plethora of white papers and research articles on the subject that do a fine job of elucidating these concepts rigorously. However, the literature has become somewhat piecemeal, and the establishing theory is no longer in vogue. New talent is often left to contend with a patchy, unmaintained, and disorganized record of the evolution of the technology over time. Worse still, the lack of an editorial process combined with the conflation of research and marketing efforts has produced a sometimes confused and often flawed knowledge base.
Throughout these sessions we will perform, from scratch, the constructions of Bancor’s amplified liquidity and Carbon DeFi’s asymmetric liquidity invariants, Uniswap’s concentrated liquidity invariant, as well as three "natural" invariants that help to encapsulate the general theory in a hyperbolic trigonometry context. This course is a perfect springboard for those interested in deepening their understanding of the mechanisms that underpin the DeFi exchange infrastructure, hone their algebra and calculus skills, and earn their erudition in this ever-evolving technological paradigm.