为增强学院学术氛围,加强学术科研合作,金融科技学院持续开展系列学术讲座。2025年5月8日上午,学院特邀请以色列特拉维夫大学Evgeny Lyandres教授作专题学术讲座。

本次讲座中,Evgeny Lyandres教授重点介绍了其在量化金融领域的最新研究成果,通过介绍自己最新工作论文,开展去中心化金融(DeFi)中集中流动性提供(CLP)策略的深度分析,聚焦于量化投资者在DeFi市场中的策略构建与执行逻辑,旨在揭示CLP策略的收益驱动因素及其在DeFi生态中的主导地位,具体内容如下:
This study provides the first in-depth analysis of concentrated liquidity provision (CLP) strategies in decentralized finance (DeFi). We compile a comprehensive dataset of all CLP positions and trades on the Ethereum blockchain, encompassing over 6,000 liquidity pools, 1 million liquidity provision/withdrawal events, and 70 million trades as of the end of 2024. Our methodological contribution lies in decomposing CLP strategies’ profit and loss (P&L) into components such as liquidity concentration, pool selection, asset picking, market timing, and gas cost optimization. We analyze the relationships between strategy parameters, deployer characteristics, pool attributes, and the profitability of each component. This large-scale academic study highlights the skills of quantitative investors and sheds light on the growing dominance of quantitative strategies in DeFi. Additionally, our findings contribute to the broader literature on quantitative strategy performance by leveraging the unique transparency and decomposability of DeFi markets, which lack the extensive fundamental information present in traditional markets..
讲座结束后,针对学院师生提出的学术问题,Evgeny Lyandres教授进行详细解答,并与学院师生深入交流,为学院师生带来一场学术盛宴。
主讲嘉宾介绍:

Evgeny Lyandres教授,现担任拉维夫大学金融学教授兼霍格区块链研究所所长,Journal of Corporate Finance的联合编辑和多家期刊的副主编。他的研究重点是企业财务战略与运营战略之间的相互作用,以及产品市场竞争对各种企业财务决策的影响,如资本结构选择、并购战略和上市选择。他还对实物期权理论在企业财务和投资决策中的应用感兴趣。近期,他的研究重点主要转向区块链技术在金融领域的应用。他的理论和实证论文发表在Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Management Science, Journal of Business, Review of Finance, and Journal of Financial and Quantitative Analysis 等国际顶级金融期刊上,并获得许多国际奖项.