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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
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    From Interacting Agents to Boltzmann-Gibbs Distribution
    Fei Cao, Pierre-Emmanuel Jabin•2022•arXiv
    PDF
    Cryptocurrency Transaction Graphs
    Serena et al.•2021•Springer
    View
    Econophysics and Entropic Foundations of Economic Complexity
    J. Barkley Rosser Jr.•2021•Entropy, 23:1286
    PDF
    Boltzmann Entropy in Cryptocurrencies: A Statistical Ensemble Based Approach
    Giorgio Grilli, Claudia Santoro•2020•MPRA
    PDF
    Herding Behavior in Cryptocurrency Markets
    Olivier Poyser•2018•arXiv
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    Boltzmann-Gibbs Distribution on Connected Graphs
    Nicolas Lanchier•2017•arXiv
    PDF
    Kirchhoff Index and Network Robustness
    H. B. Yadav, K. Thulasiraman•2015•IEEE ISCAS
    View
    Statistical Mechanics of Money
    Adrian Dragulescu, Victor M. Yakovenko•2000•European Physical Journal B, 17:723
    PDF
    Signed Graphs and Kirchhoff Generalization
    Bohdan Zelinka•1988•Czechoslovak Mathematical Journal
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    Financial Networks & Systemic Risk

    Multilayer Interbank Networks in China
    Various Authors•2023•Physica A
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    Agent-Based Multi-Layer Network Simulations
    Various Authors•2022•International Journal of Microsimulation
    View
    Systemic Risk in Multiplex Financial Networks
    Various Authors•2022•Pacific-Basin Finance Journal
    View
    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)
    View
    UK OTC Derivatives Multiplex Network
    Various Authors•2019•Bank of England Working Paper 726
    View
    ECB Multi-Layered Interbank Model
    Various Authors•2016•ECB Working Paper 1944
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    Multiplex Dependency Structure of Financial Markets
    Various Authors•2016•arXiv
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    Systemic Risk Management and Investment Analysis with Financial Network Analytics
    Daning Hu, Gerhard Schwabe, Xiao Li•2015•Financial Innovation, 1(1)
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    Financial Networks and Contagion
    Matthew Elliott, Benjamin Golub, Matthew O. Jackson•2014•American Economic Review, 104(10):3115-53
    PDF
    IMF Super-Spreader Tax
    IMF Authors•2012•IMF Working Paper 12/282
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    Contagion in Financial Networks
    Prasanna Gai, Sujit Kapadia•2010•Proceedings of the Royal Society A, 466(2120)
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    Foundations & Infrastructure

    Building Knowledge Graphs: A Practitioner's Guide
    Jesús Barrasa, Jim Webber•2023•O'Reilly Media
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    Integrating DAOs & Holacracy for Organizational Governance
    Brian Robertson•2022•HolacracyOne Blog
    View
    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
    View
    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
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    The Automated Equity-Split Cryptocurrency Arbitrage Strategy
    Naratorn Boonpeam, Warodom Werapun, Tanakorn Karode, Esther Sangiamkul•2021•Songklanakarin J. Sci. Technol., 44(3)
    View
    An Exploration of Novel Trading and Arbitrage Methods within Decentralised Finance
    Stephen Byrne•2021•Trinity College Dublin, School of Computer Science
    View
    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
    View
    Key Roles of Crypto-Exchanges in Generating Arbitrage Opportunities
    Audrius Kabašinskas, Kristina Šutienė•2021•Entropy (MDPI), 23(4)
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    Automated Triangular Arbitrage: A Trading Algorithm for Foreign Exchange on a Cryptocurrency Market
    Sanghyun Bai, Fred Robinson•2020•KTH Royal Institute of Technology
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    Triangular Arbitrage, a Proposed Algorithm
    Fernando A. Bender•2020•Working Paper
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    Efficient Algorithms for the Longest Path Problem
    Ryuhei Uehara, Yushi Uno•2005•Algorithms and Computation (ISAAC), Springer
    View
    Triangular Arbitrage in the Spot and Forward Foreign Exchange Markets
    Imad Moosa•2001•Quantitative Finance, 1(4)
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    On a Routing Problem
    Richard Bellman•1958•Quarterly of Applied Mathematics, 16(1)
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    FX Market Topology

    Evolution of FX Market: A Network View
    Various Authors•2026•NBER / Physica A
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    Global FX Market During Crises
    Joanna Landmesser-Rusek, Marta Andrzejak•2024•Optimum Economic Studies
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    Tropical Algebra and FX Arbitrage
    Various Authors•2017•JMU Honors College
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    Network Topology of Foreign Exchange Rate
    Sharida Sharif, Faridah Yusoff, Maman A. Djauhari•2012•Modern Applied Science, 6(11)
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    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
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    Topology of FX Markets using Hierarchical Structure Methods
    Michael J. Naylor, Lawrence C. Rose, Brendan J. Moyle•2007•Physica A, 382(1):199-208
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    ECN Market Quality / FX Market Microstructure
    Various Authors•2003•Journal of Finance
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    Governance & Voting Mechanisms

    QV and Information Aggregation
    Ido Benhaim, Brett Falk, Charalampos Tsoukalas•2025•Management Science
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    A Review of DAO Governance: Recent Literature and Emerging Trends
    P. Bolton et al.•2025•Journal of Corporate Finance
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    Compound/Uniswap Governance Power Analysis
    Johnnatan Messias et al.•2025•arXiv
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    Time-Weighted Snapshot Voting Framework
    Wang et al.•2025•arXiv
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    Delegated Voting in DAOs
    Lukas Weidener et al.•2025•Frontiers in Blockchain
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    Voting-Bloc Entropy: Measuring Decentralization in DAO Governance
    Joan Fabrega et al.•2025•USENIX Security
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    Hybrid-DAOs: Combining Voting Mechanisms for Decentralized Governance
    Kriti Shah•2024•arXiv
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    Who Controls DAOs? A Quantitative Governance Analysis
    Robin Fritsch, Dominik Mueller, Roger Wattenhofer•2022•ETH Zurich
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    Quadratic Voting: How Mechanism Design Can Radicalize Democracy
    Steven P. Lalley, E. Glen Weyl•2018•AEA Papers and Proceedings, 108:33-37
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    Graph Neural Networks & Fraud Detection

    FinCaKG-Onto: Financial Causal Knowledge Graph Ontology
    Various Authors•2025•World Scientific
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    Blockchain Fraud Detection with GNN
    Various Authors•2025•IEEE ICOCT
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    Network Embedding for Anti-Money Laundering Detection
    Anthony Bonato, Dániel Szava•2025•arXiv
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    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)
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    DeFiGuard: A Price Manipulation Detection Service in DeFi using Graph Neural Networks
    Various Authors•2024•arXiv (cs.CR)
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    Temporal Graph Networks for Anomaly Detection in Financial Systems
    Kim et al.•2024•AAAI Workshop
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    GNN for Financial Fraud Detection: A Review
    Dawei Cheng et al.•2024•arXiv
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    Credit Risk Modeling with Graph Machine Learning
    Artem Krivorotov•2023•INFORMS
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    FIBO Ontology in Neo4j
    Neo4j Blog•2023•Neo4j Blog
    View
    DeepTrax: Embedding Graphs of Financial Transactions
    Christopher Bruss et al.•2019•IEEE ICMLA
    View
    NetMF: Network Embedding as Matrix Factorization
    Jiezhong Qiu et al.•2018•WSDM
    PDF

    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
    View
    Understanding Stablecoins
    Tobias Adrian, Parma Bains, Marianne Bechara, Eugenio Cerutti et al.•2025•IMF Departmental Paper
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    Constrained Liquidity Provision in Currency Markets
    Wenqian Huang, Angelo Ranaldo, Andreas Schrimpf, Fabricius Somogyi•2023•BIS Working Papers
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    Stablecoin Runs and the Centralization of Arbitrage
    Yiming Ma, Yao Zeng, Anthony Lee Zhang•2023•SSRN Electronic Journal
    View
    On-Chain Foreign Exchange and Cross-Border Payments
    Austin Adams, Mary-Catherine Lader, Gordon Liao, David Puth, Xin Wan•2023•SSRN Electronic Journal
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    Smart Contracts on the Blockchain – A Bibliometric Analysis and Review
    Lennart Ante•2021•Telematics and Informatics, 57(101519)
    View
    On Stablecoin Price Processes and Arbitrage
    Ingolf Gunnar Anton Pernice•2021•Financial Cryptography and Data Security (FC 2021), Springer
    View
    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)
    View
    On the Stability of Stablecoins
    Klaus Grobys, Juha Junttila, James W. Kolari, Niranjan Sapkota•2021•Journal of Empirical Finance, 64
    View
    The Technology of Retail Central Bank Digital Currency
    Raphael Auer, Rainer Boehme•2020•BIS Quarterly Review
    View
    Trading and Arbitrage in Cryptocurrency Markets
    Igor Makarov, Antoinette Schoar•2018•SSRN Electronic Journal
    View
    De-Tiering Large Value Payment Systems
    Simone Giansante et al.•2016•Journal of Financial Market Infrastructures
    View

    Reputation Systems & Identity

    tACT: Anonymous Counting Tokens with Threshold Issuance
    Behzad Abdolmaleki et al.•2024•IACR ePrint 2024/1024
    PDF
    Privacy-Preserving Reputation Systems
    Various Authors•2023•IEEE PST
    View
    MeritRank: Sybil Tolerant Reputation for Decentralized Systems
    Bulat Nasrulin, Georgy Ishmaev, Johan Pouwelse•2022•BRAINS / arXiv
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    BC-DRS: Blockchain Decentralized Reputation for Data Cooperatives
    Toheeb Olaniyi Salau•2022•UNT PhD Dissertation
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    Decentralized Reputation with zkSNARKs
    Tassos Dimitriou•2020•IEEE / arXiv
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    Token Economics & DeFi

    TEDM Token Economy Design Method
    Various Authors•2026•Blockchain: Research and Applications
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    Cryptocurrency Portfolio Optimization via Stable Clustering
    Various Authors•2025•arXiv
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    Lotka-Volterra Dynamics for Cryptocurrency Market Share
    Various Authors•2025•MDPI Future Internet
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    Cryptocurrency as Investable Asset Class
    Various Authors•2025•Annual Review of Financial Economics
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    The Tokenomics of Staking
    Various Authors•2025•NBER Working Paper 33640
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    Line Graph-Based Optimal Routing for DEXes
    Various Authors•2025•arXiv
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    Bitcoin Network Evolution 2009-2023
    Various Authors•2025•arXiv
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    Crypto Economics Meet Graph Analytics
    Various Authors•2024•ACM WWW '24
    View
    DeTEcT: Decentralized Token Economy Theory
    Various Authors•2023•Frontiers in Blockchain
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    Shifting Cryptocurrency Influence
    Various Authors•2023•arXiv
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    SoK: Decentralized Exchanges with AMM Protocols
    Various Authors•2021•ACM Computing Surveys
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    Insolar Token Economics
    Insolar Team•2019•arXiv
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    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
    View
    Cross-Chain Arbitrage: The Next Frontier of MEV in Decentralized Finance
    Burak Oz et al.•2025•arXiv (cs.CR)
    PDF
    MEV Capture Through Time-Advantaged Arbitrage
    Robin Fritsch et al.•2024•arXiv
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    MemGPT: Towards LLMs as Operating Systems
    Charles Packer, Vivian Fang, Shishir G. Patil, Kevin Lin, Sarah Wooders, Joseph E. Gonzalez•2023•arXiv (cs.AI)
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    A Time-Varying Network for Cryptocurrencies
    Li Guo, Wolfgang Karl Härdle, Yubo Tao•2022•Journal of Business & Economic Statistics
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    Anomaly Detection in Multiplex Dynamic Networks: From Blockchain Security to Brain Disease Prediction
    Ali Behrouz, Margo Seltzer•2022•Working Paper
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    Cyclic Arbitrage in Decentralized Exchanges
    Ye Wang, Yan Chen, Haotian Wu, Liyi Zhou, Shuiguang Deng, Roger Wattenhofer•2021•Working Paper
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    InfraNodus: Generating Insight Using Text Network Analysis
    Dmitry Paranyushkin•2019•ACM WWW Conference
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    State of the Art in Multilayer Network Visualization
    Fintan McGee et al.•2019•Computer Graphics Forum, 38(6):125-149
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    Quantum Coins
    Michele Mosca, Douglas Stebila•2009•arXiv (quant-ph)
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    Research Philosophy

    Design decisions trace back to cited sources in computer science, cryptography, economics, and network theory.

    Multilayer network models shape the graph schema. Production functions from economics drive scoring. Cryptographic protocols underpin settlement.

    Contributing Research

    • • Submit papers via GitHub
    • • Discuss research in Telegram
    • • Review terminology in the Glossary

    Research Areas

    • • Knowledge graph topology & ontology design
    • • Token economics & contribution scoring
    • • Privacy-preserving financial infrastructure
    • • Graph neural networks for financial networks
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