Publicação
Automated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized Market
| Resumo: | Sustainable consumption and energy production is a subject of rising importance given the current global climate change agenda. Here is where Peer-to-peer electricity trading plays an important role, as it incentivizes consumers to become prosumers and produce energy by investing in photovoltaic panels, lowering their costs and reducing peak demand. However, there are still challenges in the adoption of this technology, more specifically: a trading platform without central authorities that market participants can trust with real-time supply and demand clearance. To address these issues, this research proposed an Automated Market Maker based on the Ethereum blockchain, which would take care of it all together, given that it clears the market by itself, providing fair trading based on real-time supply and demand. Furthermore, given its nature in the blockchain, it provides a decentralized secure and transparent platform. The results were achieved through a fork of both Uniswap V2 and V3 to compare which performed better, through scripts that inserted data of solar energy consumption and generation, transforming it into trades later in the decentralized exchange. After two different market simulations, it was possible to see that Uniswap V3 performed better, due to the concept of concentrated liquidity, which allowed prosumers to only provide liquidity in the interval to which the price is beneficial to them and to consumers. |
|---|---|
| Autores principais: | Morgado, Miguel Assis Alves |
| Assunto: | Peer-to-peer Energy Trading Blockchain Automated Market Maker Design Photovoltaic Solar Energy SDG 7 - Affordable and clean energy SDG 11 - Sustainable cities and communities |
| Ano: | 2024 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso embargado |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| _version_ | 1868983304902934528 |
|---|---|
| author | Morgado, Miguel Assis Alves |
| author_facet | Morgado, Miguel Assis Alves |
| author_role | author |
| contributor_name_str_mv | Scott, Ian James RUN |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Morgado, Miguel Assis Alves\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Scott, Ian James RUN |
| datacite.creators.creator.creatorName.fl_str_mv | Morgado, Miguel Assis Alves |
| datacite.date.Accepted.fl_str_mv | 2024-10-29T00:00:00Z |
| datacite.date.available.fl_str_mv | 2026-10-29T00:00:00Z |
| datacite.date.embargoed.fl_str_mv | 2026-10-29T00:00:00Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_f1cf |
| datacite.subjects.subject.fl_str_mv | Peer-to-peer Energy Trading Blockchain Automated Market Maker Design Photovoltaic Solar Energy SDG 7 - Affordable and clean energy SDG 11 - Sustainable cities and communities |
| datacite.titles.title.fl_str_mv | Automated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized Market |
| dc.contributor.none.fl_str_mv | Scott, Ian James RUN |
| dc.creator.none.fl_str_mv | Morgado, Miguel Assis Alves |
| dc.date.Accepted.fl_str_mv | 2024-10-29T00:00:00Z |
| dc.date.available.fl_str_mv | 2026-10-29T00:00:00Z |
| dc.date.embargoed.fl_str_mv | 2026-10-29T00:00:00Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10362/176165 |
| dc.language.none.fl_str_mv | eng |
| dc.rights.cclincense.fl_str_mv | http://creativecommons.org/licenses/by/4.0/ |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_f1cf |
| dc.subject.none.fl_str_mv | Peer-to-peer Energy Trading Blockchain Automated Market Maker Design Photovoltaic Solar Energy SDG 7 - Affordable and clean energy SDG 11 - Sustainable cities and communities |
| dc.title.fl_str_mv | Automated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized Market |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_bdcc |
| description | Sustainable consumption and energy production is a subject of rising importance given the current global climate change agenda. Here is where Peer-to-peer electricity trading plays an important role, as it incentivizes consumers to become prosumers and produce energy by investing in photovoltaic panels, lowering their costs and reducing peak demand. However, there are still challenges in the adoption of this technology, more specifically: a trading platform without central authorities that market participants can trust with real-time supply and demand clearance. To address these issues, this research proposed an Automated Market Maker based on the Ethereum blockchain, which would take care of it all together, given that it clears the market by itself, providing fair trading based on real-time supply and demand. Furthermore, given its nature in the blockchain, it provides a decentralized secure and transparent platform. The results were achieved through a fork of both Uniswap V2 and V3 to compare which performed better, through scripts that inserted data of solar energy consumption and generation, transforming it into trades later in the decentralized exchange. After two different market simulations, it was possible to see that Uniswap V3 performed better, due to the concept of concentrated liquidity, which allowed prosumers to only provide liquidity in the interval to which the price is beneficial to them and to consumers. |
| dirty | 0 |
| eu_rights_str_mv | embargoedAccess |
| format | masterThesis |
| fulltext.url.fl_str_mv | https://run.unl.pt/bitstreams/056614ec-ee0d-473c-b026-f1f7df83f8eb/download |
| id | run_f09f3e5e4b155da4ecfe1ce712b68397 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10362/176165 |
| inst_facet_str | urn:organizationAcronym:unl{{{_:::_}}}Universidade Nova de Lisboa |
| instacron_str | unl |
| institution | Universidade Nova de Lisboa |
| instname_str | Universidade Nova de Lisboa |
| language | eng |
| network_acronym_str | run |
| network_name_str | Repositório Institucional da UNL |
| oai_identifier_str | oai:run.unl.pt:10362/176165 |
| organization_str_mv | urn:organizationAcronym:unl |
| person_str_mv | Morgado, Miguel Assis Alves |
| publishDate | 2024 |
| repo_facet_str | urn:repositoryAcronym:run{{{_:::_}}}Repositório Institucional da UNL |
| reponame_str | Repositório Institucional da UNL |
| repository_id_str | urn:repositoryAcronym:run |
| service_str_mv | urn:repositoryAcronym:run |
| spelling | engpt_PTSustainable consumption and energy production is a subject of rising importance given the current global climate change agenda. Here is where Peer-to-peer electricity trading plays an important role, as it incentivizes consumers to become prosumers and produce energy by investing in photovoltaic panels, lowering their costs and reducing peak demand. However, there are still challenges in the adoption of this technology, more specifically: a trading platform without central authorities that market participants can trust with real-time supply and demand clearance. To address these issues, this research proposed an Automated Market Maker based on the Ethereum blockchain, which would take care of it all together, given that it clears the market by itself, providing fair trading based on real-time supply and demand. Furthermore, given its nature in the blockchain, it provides a decentralized secure and transparent platform. The results were achieved through a fork of both Uniswap V2 and V3 to compare which performed better, through scripts that inserted data of solar energy consumption and generation, transforming it into trades later in the decentralized exchange. After two different market simulations, it was possible to see that Uniswap V3 performed better, due to the concept of concentrated liquidity, which allowed prosumers to only provide liquidity in the interval to which the price is beneficial to them and to consumers.application/pdfpt_PTAutomated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized MarketMorgado, Miguel Assis AlvesScott, Ian JamesHostingInstitutionOrganizationalRUNe-mailmailto:run@unl.ptrun@unl.ptURNurn:tid:2037791002024-10-292026-10-29T00:00:00Z2024-10-29T00:00:00ZHandlehttp://hdl.handle.net/10362/176165http://purl.org/coar/access_right/c_f1cfembargoed accessPeer-to-peer Energy TradingBlockchainAutomated Market Maker DesignPhotovoltaic Solar EnergySDG 7 - Affordable and clean energySDG 11 - Sustainable cities and communities1646506 bytesliteraturehttp://purl.org/coar/resource_type/c_bdccmaster thesis2024-10-29http://creativecommons.org/licenses/by/4.0/http://purl.org/coar/access_right/c_f1cfapplication/pdffulltexthttps://run.unl.pt/bitstreams/056614ec-ee0d-473c-b026-f1f7df83f8eb/download |
| spellingShingle | Automated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized Market Morgado, Miguel Assis Alves Peer-to-peer Energy Trading Blockchain Automated Market Maker Design Photovoltaic Solar Energy SDG 7 - Affordable and clean energy SDG 11 - Sustainable cities and communities |
| status | SINGLETON |
| subject.fl_str_mv | Peer-to-peer Energy Trading Blockchain Automated Market Maker Design Photovoltaic Solar Energy SDG 7 - Affordable and clean energy SDG 11 - Sustainable cities and communities |
| title | Automated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized Market |
| title_full | Automated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized Market |
| title_fullStr | Automated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized Market |
| title_full_unstemmed | Automated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized Market |
| title_short | Automated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized Market |
| title_sort | Automated Market Maker in Peer-to-peer Energy Trading: A Novel Approach to Decentralized Market |
| topic | Peer-to-peer Energy Trading Blockchain Automated Market Maker Design Photovoltaic Solar Energy SDG 7 - Affordable and clean energy SDG 11 - Sustainable cities and communities |
| topic_facet | Peer-to-peer Energy Trading Blockchain Automated Market Maker Design Photovoltaic Solar Energy SDG 7 - Affordable and clean energy SDG 11 - Sustainable cities and communities |
| url | http://hdl.handle.net/10362/176165 |
| visible | 1 |