All Posts
AMM design for efficient stablecoin swaps
Calibration procedure for $\Lambda$ and $k$ in the AS model
How strategic informed trading produces price impact (Kyle's lambda), market depth, and the linear equilibrium
How signal accuracy in the Glosten–Milgrom model widens the bid–ask spread (noisy informed traders)
How markets digest information — the Glosten–Milgrom model, its bid–ask spread, and Bayesian belief updates