Research notes, in the open
2026-07-05
This site collects the research behind Unimod — a non-custodial protocol that combines a multi-asset AMM with oracle-free lending against LP shares.
Three kinds of artifacts live here:
- The whitepaper — the model itself, in one document (early draft).
- Notebooks — interactive simulations that run entirely in your browser (marimo compiled to WebAssembly). When a design decision came out of a parameter study or an attack analysis, the notebook that produced it is published here, sliders included.
- Posts — shorter notes: findings, design rationale, and the occasional dead end worth documenting.
A taste of the kind of question this research deals with: the lending side of Unimod values collateral without an oracle. For each borrowed asset \(i\), a borrower holding share \(s\) of a pool's LP supply must satisfy
\[
b_i \;\le\; \mathrm{ltv} \cdot s \cdot B_i,
\]
where \(b_i\) is their debt in asset \(i\) and \(B_i\) the pool's balance of it — borrowing power reads real reserves, never a price. What that buys (manipulation resistance) and what it costs (no cross-asset borrowing) is exactly the sort of trade-off the notebooks and the whitepaper work through.
More soon.