7.References

The Noah 2.0 protocol delivers the following technological and economic innovations:

The mathematical derivation of HMM model: the constant K in the constant product model is transformed into a monotone increasing time function for the first time.

The PoSYB (Proof of Contribution) mechanism resolves the game theory challenge of liquidity mercenaries in the DeFi sector.

The heterogeneous dual-engine architecture (IPFS + EVM) provides a viable Layer-1 solution for large-scale metaverse applications.

Technical References

Angeris, G., & Chitra, T. (2020). An analysis of Uniswap markets. arXiv:1911.03380.

Buterin, V. (2017). On Inflation, Transaction Fees and Cryptocurrency Monetary Policy.

. Cong, L. W., Li, Y., & Wang, N. (2021). Tokenomics: Dynamic Adoption and Valuation. The Review of Financial Studies.

Benet, J. (2014). IPFS - Content Addressed, Versioned, P2P File System.

Angeris, G., et al. (2021). Constant Function Market Makers: Multi-Asset Trades via Convex Optimization. arXiv:2107.12484.

Gupta, R., & Aggarwal, D. (2023). Decentralized Exchanges: The Profitability Frontier of Constant Product Market Makers. arXiv:2302.05219.