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Bibliography
Research references and academic foundations of the ƒxyz Network
Econophysics & Statistical Mechanics
Phase Transitions Using Ising Model in Cryptocurrency Markets
Anthony Giorgio•2025•arXiv
From Interacting Agents to Boltzmann-Gibbs Distribution
Fei Cao, Pierre-Emmanuel Jabin•2022•arXiv
Cryptocurrency Transaction Graphs
Serena et al.•2021•Springer
Econophysics and Entropic Foundations of Economic Complexity
J. Barkley Rosser Jr.•2021•Entropy, 23:1286
Boltzmann Entropy in Cryptocurrencies: A Statistical Ensemble Based Approach
Giorgio Grilli, Claudia Santoro•2020•MPRA
Herding Behavior in Cryptocurrency Markets
Olivier Poyser•2018•arXiv
Boltzmann-Gibbs Distribution on Connected Graphs
Nicolas Lanchier•2017•arXiv
Kirchhoff Index and Network Robustness
H. B. Yadav, K. Thulasiraman•2015•IEEE ISCAS
Statistical Mechanics of Money
Adrian Dragulescu, Victor M. Yakovenko•2000•European Physical Journal B, 17:723
Signed Graphs and Kirchhoff Generalization
Bohdan Zelinka•1988•Czechoslovak Mathematical Journal
Financial Networks & Systemic Risk
Multilayer Interbank Networks in China
Various Authors•2023•Physica A
Agent-Based Multi-Layer Network Simulations
Various Authors•2022•International Journal of Microsimulation
Systemic Risk in Multiplex Financial Networks
Various Authors•2022•Pacific-Basin Finance Journal
The Multiplex Nature of Global Financial Contagions
R. Maria del Rio-Chanona, Yevgeniya Korniyenko, Manasa Patnam, Mason A. Porter•2020•Applied Network Science, 5(1)
UK OTC Derivatives Multiplex Network
Various Authors•2019•Bank of England Working Paper 726
ECB Multi-Layered Interbank Model
Various Authors•2016•ECB Working Paper 1944
Multiplex Dependency Structure of Financial Markets
Various Authors•2016•arXiv
Systemic Risk Management and Investment Analysis with Financial Network Analytics
Daning Hu, Gerhard Schwabe, Xiao Li•2015•Financial Innovation, 1(1)
Financial Networks and Contagion
Matthew Elliott, Benjamin Golub, Matthew O. Jackson•2014•American Economic Review, 104(10):3115-53
IMF Super-Spreader Tax
IMF Authors•2012•IMF Working Paper 12/282
Contagion in Financial Networks
Prasanna Gai, Sujit Kapadia•2010•Proceedings of the Royal Society A, 466(2120)
Foundations & Infrastructure
Building Knowledge Graphs: A Practitioner's Guide
Jesús Barrasa, Jim Webber•2023•O'Reilly Media
Integrating DAOs & Holacracy for Organizational Governance
Brian Robertson•2022•HolacracyOne Blog
The Use of Cryptocurrencies for Hawala in the Islamic Finance
Valeri M., Fondacaro R., De Angelis C., Barella A.•2022•European Journal of Islamic Finance
Deviations from Triangular Arbitrage Parity in Foreign Exchange and Bitcoin Markets
Julia Reynolds, Leopold Sögner, Martin Wagner•2021•Central European Journal of Economic Modelling and Econometrics
The Automated Equity-Split Cryptocurrency Arbitrage Strategy
Naratorn Boonpeam, Warodom Werapun, Tanakorn Karode, Esther Sangiamkul•2021•Songklanakarin J. Sci. Technol., 44(3)
An Exploration of Novel Trading and Arbitrage Methods within Decentralised Finance
Stephen Byrne•2021•Trinity College Dublin, School of Computer Science
Are Crypto Currencies Cryptic or a Source for Arbitrage? A Genetic Algorithm Approach
Van der Loerd, Bewaji, Hamid, Aerts, Byck, Heijmans•2021•Payments Canada / De Nederlandsche Bank
Key Roles of Crypto-Exchanges in Generating Arbitrage Opportunities
Audrius Kabašinskas, Kristina Šutienė•2021•Entropy (MDPI), 23(4)
Automated Triangular Arbitrage: A Trading Algorithm for Foreign Exchange on a Cryptocurrency Market
Sanghyun Bai, Fred Robinson•2020•KTH Royal Institute of Technology
Triangular Arbitrage, a Proposed Algorithm
Fernando A. Bender•2020•Working Paper
Efficient Algorithms for the Longest Path Problem
Ryuhei Uehara, Yushi Uno•2005•Algorithms and Computation (ISAAC), Springer
Triangular Arbitrage in the Spot and Forward Foreign Exchange Markets
Imad Moosa•2001•Quantitative Finance, 1(4)
On a Routing Problem
Richard Bellman•1958•Quarterly of Applied Mathematics, 16(1)
FX Market Topology
Evolution of FX Market: A Network View
Various Authors•2026•NBER / Physica A
Global FX Market During Crises
Joanna Landmesser-Rusek, Marta Andrzejak•2024•Optimum Economic Studies
Tropical Algebra and FX Arbitrage
Various Authors•2017•JMU Honors College
Network Topology of Foreign Exchange Rate
Sharida Sharif, Faridah Yusoff, Maman A. Djauhari•2012•Modern Applied Science, 6(11)
Dynamic Communities in FX Market During 2007-2008 Credit Crisis
Daniel J. Fenn, Mason A. Porter, Mark McDonald, Stacy Williams, Neil F. Johnson, Nick S. Jones•2009•arXiv
Topology of FX Markets using Hierarchical Structure Methods
Michael J. Naylor, Lawrence C. Rose, Brendan J. Moyle•2007•Physica A, 382(1):199-208
ECN Market Quality / FX Market Microstructure
Various Authors•2003•Journal of Finance
Governance & Voting Mechanisms
QV and Information Aggregation
Ido Benhaim, Brett Falk, Charalampos Tsoukalas•2025•Management Science
A Review of DAO Governance: Recent Literature and Emerging Trends
P. Bolton et al.•2025•Journal of Corporate Finance
Compound/Uniswap Governance Power Analysis
Johnnatan Messias et al.•2025•arXiv
Time-Weighted Snapshot Voting Framework
Wang et al.•2025•arXiv
Delegated Voting in DAOs
Lukas Weidener et al.•2025•Frontiers in Blockchain
Voting-Bloc Entropy: Measuring Decentralization in DAO Governance
Joan Fabrega et al.•2025•USENIX Security
Hybrid-DAOs: Combining Voting Mechanisms for Decentralized Governance
Kriti Shah•2024•arXiv
Who Controls DAOs? A Quantitative Governance Analysis
Robin Fritsch, Dominik Mueller, Roger Wattenhofer•2022•ETH Zurich
Quadratic Voting: How Mechanism Design Can Radicalize Democracy
Steven P. Lalley, E. Glen Weyl•2018•AEA Papers and Proceedings, 108:33-37
Graph Neural Networks & Fraud Detection
FinCaKG-Onto: Financial Causal Knowledge Graph Ontology
Various Authors•2025•World Scientific
Blockchain Fraud Detection with GNN
Various Authors•2025•IEEE ICOCT
Network Embedding for Anti-Money Laundering Detection
Anthony Bonato, Dániel Szava•2025•arXiv
FinDKG: Dynamic Knowledge Graphs with Large Language Models for Detecting Global Trends in Financial Markets
Xiaohui Victor Li, Francesco Sanna Passino•2024•arXiv (q-fin.CP)
DeFiGuard: A Price Manipulation Detection Service in DeFi using Graph Neural Networks
Various Authors•2024•arXiv (cs.CR)
Temporal Graph Networks for Anomaly Detection in Financial Systems
Kim et al.•2024•AAAI Workshop
GNN for Financial Fraud Detection: A Review
Dawei Cheng et al.•2024•arXiv
Credit Risk Modeling with Graph Machine Learning
Artem Krivorotov•2023•INFORMS
FIBO Ontology in Neo4j
Neo4j Blog•2023•Neo4j Blog
DeepTrax: Embedding Graphs of Financial Transactions
Christopher Bruss et al.•2019•IEEE ICMLA
NetMF: Network Embedding as Matrix Factorization
Jiezhong Qiu et al.•2018•WSDM
On-Chain FX, Stablecoins & Payment Systems
Project Rialto: Improving Instant Cross-Border Payments Using Central Bank Money Settlement
BIS Innovation Hub•2025•BIS Technical Report
Understanding Stablecoins
Tobias Adrian, Parma Bains, Marianne Bechara, Eugenio Cerutti et al.•2025•IMF Departmental Paper
Constrained Liquidity Provision in Currency Markets
Wenqian Huang, Angelo Ranaldo, Andreas Schrimpf, Fabricius Somogyi•2023•BIS Working Papers
Stablecoin Runs and the Centralization of Arbitrage
Yiming Ma, Yao Zeng, Anthony Lee Zhang•2023•SSRN Electronic Journal
On-Chain Foreign Exchange and Cross-Border Payments
Austin Adams, Mary-Catherine Lader, Gordon Liao, David Puth, Xin Wan•2023•SSRN Electronic Journal
Smart Contracts on the Blockchain – A Bibliometric Analysis and Review
Lennart Ante•2021•Telematics and Informatics, 57(101519)
On Stablecoin Price Processes and Arbitrage
Ingolf Gunnar Anton Pernice•2021•Financial Cryptography and Data Security (FC 2021), Springer
What Is the Impact of Introducing a Parallel OTC Market?
Craig W. Holden, Dong Lu, Volodymyr Lugovskyy, Daniela Puzzello•2021•Journal of Financial Economics, 140(1)
On the Stability of Stablecoins
Klaus Grobys, Juha Junttila, James W. Kolari, Niranjan Sapkota•2021•Journal of Empirical Finance, 64
The Technology of Retail Central Bank Digital Currency
Raphael Auer, Rainer Boehme•2020•BIS Quarterly Review
Trading and Arbitrage in Cryptocurrency Markets
Igor Makarov, Antoinette Schoar•2018•SSRN Electronic Journal
De-Tiering Large Value Payment Systems
Simone Giansante et al.•2016•Journal of Financial Market Infrastructures
Reputation Systems & Identity
tACT: Anonymous Counting Tokens with Threshold Issuance
Behzad Abdolmaleki et al.•2024•IACR ePrint 2024/1024
Privacy-Preserving Reputation Systems
Various Authors•2023•IEEE PST
MeritRank: Sybil Tolerant Reputation for Decentralized Systems
Bulat Nasrulin, Georgy Ishmaev, Johan Pouwelse•2022•BRAINS / arXiv
BC-DRS: Blockchain Decentralized Reputation for Data Cooperatives
Toheeb Olaniyi Salau•2022•UNT PhD Dissertation
Decentralized Reputation with zkSNARKs
Tassos Dimitriou•2020•IEEE / arXiv
Token Economics & DeFi
TEDM Token Economy Design Method
Various Authors•2026•Blockchain: Research and Applications
Cryptocurrency Portfolio Optimization via Stable Clustering
Various Authors•2025•arXiv
Lotka-Volterra Dynamics for Cryptocurrency Market Share
Various Authors•2025•MDPI Future Internet
Cryptocurrency as Investable Asset Class
Various Authors•2025•Annual Review of Financial Economics
The Tokenomics of Staking
Various Authors•2025•NBER Working Paper 33640
Line Graph-Based Optimal Routing for DEXes
Various Authors•2025•arXiv
Bitcoin Network Evolution 2009-2023
Various Authors•2025•arXiv
Crypto Economics Meet Graph Analytics
Various Authors•2024•ACM WWW '24
DeTEcT: Decentralized Token Economy Theory
Various Authors•2023•Frontiers in Blockchain
Shifting Cryptocurrency Influence
Various Authors•2023•arXiv
SoK: Decentralized Exchanges with AMM Protocols
Various Authors•2021•ACM Computing Surveys
Insolar Token Economics
Insolar Team•2019•arXiv
Visualization, Arbitrage & Supplementary
RICH: Real-time Identification of Negative Cycles for High-Efficiency Arbitrage
Bingqiao Luo, Jiaxin Jiang, Yuhang Chen, Junyi Hou•2025•VLDB, 18
Cross-Chain Arbitrage: The Next Frontier of MEV in Decentralized Finance
Burak Oz et al.•2025•arXiv (cs.CR)
MEV Capture Through Time-Advantaged Arbitrage
Robin Fritsch et al.•2024•arXiv
MemGPT: Towards LLMs as Operating Systems
Charles Packer, Vivian Fang, Shishir G. Patil, Kevin Lin, Sarah Wooders, Joseph E. Gonzalez•2023•arXiv (cs.AI)
A Time-Varying Network for Cryptocurrencies
Li Guo, Wolfgang Karl Härdle, Yubo Tao•2022•Journal of Business & Economic Statistics
Anomaly Detection in Multiplex Dynamic Networks: From Blockchain Security to Brain Disease Prediction
Ali Behrouz, Margo Seltzer•2022•Working Paper
Cyclic Arbitrage in Decentralized Exchanges
Ye Wang, Yan Chen, Haotian Wu, Liyi Zhou, Shuiguang Deng, Roger Wattenhofer•2021•Working Paper
InfraNodus: Generating Insight Using Text Network Analysis
Dmitry Paranyushkin•2019•ACM WWW Conference
State of the Art in Multilayer Network Visualization
Fintan McGee et al.•2019•Computer Graphics Forum, 38(6):125-149
Quantum Coins
Michele Mosca, Douglas Stebila•2009•arXiv (quant-ph)
Research Philosophy
The ƒxyz Network is built upon decades of research in computer science, cryptography, economics, and network theory. We believe in standing on the shoulders of giants and contributing back to the academic community through open research and collaboration.
Our approach combines theoretical foundations with practical applications, ensuring that our innovations are both scientifically sound and practically useful. We regularly publish our findings and contribute to peer-reviewed conferences and journals.
Contributing Research
Research Areas
- • Knowledge graph topology & ontology design
- • Token economics & contribution scoring
- • Privacy-preserving financial infrastructure
- • Graph neural networks for financial networks