文章基本信息

标题：DAISIM: A Computational Simulator for the MakerDAO Stablecoin
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作者：Bhat, Shreyas ; Kahya, Ayten Betul ; Krishnamachari, Bhaskar 等
期刊名称：OASIcs : OpenAccess Series in Informatics
电子版ISSN：2190-6807
出版年度：2021
卷号：92
页码：3:1-3:13
DOI：10.4230/OASIcs.FAB.2021.3
出版社：Schloss Dagstuhl -- Leibniz-Zentrum fuer Informatik
摘要：We present a computational simulation of the single-collateral DAI stablecoin launched by the MakerDAO project in 2017. At the core of the simulation is a model of cryptocurrency investors acting as rational Markowitz mean-variance portfolio optimizers, with heterogeneous risk tolerance. The simulator, called DAISIM, incorporates automated order matching and price update mechanisms to determine the DAI price. We use the simulator to evaluate how the single-collateral DAI price, as well as portfolio allocations, vary for a given population of investors as a function of exogenous parameters such as the price of ETH and various system parameters including stability rate and transaction fee. DAISIM is being made available as open-source and may be useful in evaluating other similar projects.
关键词：Stablecoin; Simulator; MakerDAO