> For the complete documentation index, see [llms.txt](https://v2tech.noahlabs.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://v2tech.noahlabs.io/7.references.md).

# 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 <img src="https://2096417827-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVV3RAUlJy4vEOxonkqUC%2Fuploads%2FxUNGlxMKa7OcWwBNzkOo%2Fimage.png?alt=media&amp;token=b779936c-e95b-4842-a682-45758d77ef5d" alt="" data-size="line"> 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&#x20;

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.

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