Abstract
This paper establishes a groundbreaking framework for pinpointing and scrutinizing web3 protocols that display attributes akin to Ponzi schemes. We meticulously define the defining features of these protocols and introduce sophisticated methodologies to assess their stability, fine-tuning their parameters, and crafting economic mechanisms to boost their sustainability. The robustness of our framework is vividly showcased through comprehensive case studies of two prominent web3 protocols: Safemoon and Ethena. In the Ethena case study, we take a step further by devising an advanced economic mechanism for automatic interest rate regulation, employing an innovative feedback loop system.
| Original language | English |
|---|---|
| Title of host publication | 2024 6th International Conference on Blockchain Computing and Applications, BCCA 2024 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| Pages | 794-800 |
| Number of pages | 7 |
| ISBN (Electronic) | 9798350351538 |
| DOIs | |
| State | Published - 2024 |
| Externally published | Yes |
| Event | 6th International Conference on Blockchain Computing and Applications, BCCA 2024 - Dubai, United Arab Emirates Duration: 26 Nov 2024 → 29 Nov 2024 |
Publication series
| Name | 2024 6th International Conference on Blockchain Computing and Applications, BCCA 2024 |
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Conference
| Conference | 6th International Conference on Blockchain Computing and Applications, BCCA 2024 |
|---|---|
| Country/Territory | United Arab Emirates |
| City | Dubai |
| Period | 26/11/24 → 29/11/24 |
Bibliographical note
Publisher Copyright:© 2024 IEEE.
Keywords
- Ponzi Schemes
- Web3 protocols
ASJC Scopus subject areas
- Computer Science Applications
- Information Systems
- Information Systems and Management