Cover Image for Whitepaper Reading - SF Bay Area - DeFi Trading Agents, Why Shared Alpha in CoinAlgs Can’t Be Both Fair and Profitable
Cover Image for Whitepaper Reading - SF Bay Area - DeFi Trading Agents, Why Shared Alpha in CoinAlgs Can’t Be Both Fair and Profitable
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A group of engineers, thinkers and builders, united by the shared curiosity to dive deep into Web3 projects.
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Whitepaper Reading - SF Bay Area - DeFi Trading Agents, Why Shared Alpha in CoinAlgs Can’t Be Both Fair and Profitable

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About Event

Whitepaper Reading Session SF [03]

Topic:

On DeFi Trading Agents, Why Shared Alpha in CoinAlgs Can’t Be Both Fair and Profitable

Readings: Discussion Doc | Arixv Link | Announcement Link

A discussion of The CoinAlg Bind, which shows a fundamental tradeoff in collective investment algorithms powering modern DeFi Trading Agents such as ElizaOS: privacy enables insider value extraction, while transparency enables arbitrage that erodes profits.


Address: 473 Via Ortega, Stanford, CA 94305
Room: Y2E2 Building, Room 105

Topic Lead: Jay Yu of Pantera Capital
Many thanks to Prof. Ruizhe Jia from Stanford for helping with the venue!

​Format

  • ​​​​​​Round table discussions (No panels)

  • This session starts with 5–10 minutes of silent reading, followed by a roundtable discussion of The CoinAlg Bind and its implications for collective investing, AI trading agents, and DeFi.

  • ​​​​​​Summaries: We create summaries to help everyone understand.

​​​​​​​About Whitepaper Reading Club

​​​​​​The Whitepaper Reading Club is a community of 650 passionate engineers, founders, core-devs, students, researchers, across Singapore, Malaysia and Bangkok and New York who come together every month to read and discuss blockchain papers (website).

​​We create detailed and easy to understand summaries for each paper (summaries) and have held 50+ sessions since June 2023, covering topics from Account Abstraction, Parallel Chains, EIPs, Bitcoin Ecosystem to AI x Crypto. We are ecosystem-agnostic, not for profit and with a strong focus on projects with technical, product or social innovations.

​​Bittensor (Jul 2025)

​​​​MakerDAO + Ethena (Sep 2024)

Location
Jerry Yang and Akiko Yamazaki Environment and Energy Building (Y2E2)
473 Via Ortega, Stanford, CA 94305, USA
Y2E2 Building, Room 105
Avatar for Whitepaper Reading Club
A group of engineers, thinkers and builders, united by the shared curiosity to dive deep into Web3 projects.
43 Went