Auto.gov: Learning-based Governance for Decentralized Finance (DeFi)Jiahua Xu, Yebo Feng, Daniel Perez et al.
Decentralized finance (DeFi) is an integral component of the blockchain ecosystem, enabling a range of financial activities through smart-contract-based protocols. Traditional DeFi governance typically involves manual parameter adjustments by protocol teams or token holder votes, and is thus prone to human bias and financial risks, undermining the system's integrity and security. While existing efforts aim to establish more adaptive parameter adjustment schemes, there remains a need for a governance model that is both more efficient and resilient to significant market manipulations. In this paper, we introduce "Auto$.$gov", a learning-based governance framework that employs a deep Qnetwork (DQN) reinforcement learning (RL) strategy to perform semi-automated, data-driven parameter adjustments. We create a DeFi environment with an encoded action-state space akin to the Aave lending protocol for simulation and testing purposes, where Auto$.$gov has demonstrated the capability to retain funds that would have otherwise been lost to price oracle attacks. In tests with real-world data, Auto$.$gov outperforms the benchmark approaches by at least 14% and the static baseline model by tenfold, in terms of the preset performance metric--protocol profitability. Overall, the comprehensive evaluations confirm that Auto$.$gov is more efficient and effective than traditional governance methods, thereby enhancing the security, profitability, and ultimately, the sustainability of DeFi protocols.
Evolution of ESG-focused DLT Research: An NLP Analysis of the LiteratureWalter Hernandez Cruz, Kamil Tylinski, Alastair Moore et al.
Distributed Ledger Technology (DLT) faces increasing environmental scrutiny, particularly concerning the energy consumption of the Proof of Work (PoW) consensus mechanism and broader Environmental, Social, and Governance (ESG) issues. However, existing systematic literature reviews of DLT rely on limited analyses of citations, abstracts, and keywords, failing to fully capture the field's complexity and ESG concerns. We address these challenges by analyzing the full text of 24,539 publications using Natural Language Processing (NLP) with our manually labeled Named Entity Recognition (NER) dataset of 39,427 entities for DLT. This methodology identified 505 key publications at the DLT/ESG intersection, enabling comprehensive domain analysis. Our combined NLP and temporal graph analysis reveals critical trends in DLT evolution and ESG impacts, including cryptography and peer-to-peer networks research's foundational influence, Bitcoin's persistent impact on research and environmental concerns (a "Lindy effect"), Ethereum's catalytic role on Proof of Stake (PoS) and smart contract adoption, and the industry's progressive shift toward energy-efficient consensus mechanisms. Our contributions include the first DLT-specific NER dataset addressing the scarcity of high-quality labeled NLP data in blockchain research, a methodology integrating NLP and temporal graph analysis for large-scale interdisciplinary literature reviews, and the first NLP-driven literature review focusing on DLT's ESG aspects.
LiDARDustX: A LiDAR Dataset for Dusty Unstructured Road EnvironmentsChenfeng Wei, Qi Wu, Si Zuo et al.
Autonomous driving datasets are essential for validating the progress of intelligent vehicle algorithms, which include localization, perception, and prediction. However, existing datasets are predominantly focused on structured urban environments, which limits the exploration of unstructured and specialized scenarios, particularly those characterized by significant dust levels. This paper introduces the LiDARDustX dataset, which is specifically designed for perception tasks under high-dust conditions, such as those encountered in mining areas. The LiDARDustX dataset consists of 30,000 LiDAR frames captured by six different LiDAR sensors, each accompanied by 3D bounding box annotations and point cloud semantic segmentation. Notably, over 80% of the dataset comprises dust-affected scenes. By utilizing this dataset, we have established a benchmark for evaluating the performance of state-of-the-art 3D detection and segmentation algorithms. Additionally, we have analyzed the impact of dust on perception accuracy and delved into the causes of these effects. The data and further information can be accessed at: https://github.com/vincentweikey/LiDARDustX.
3.3CYMar 3, 2025
\textsc{Perseus}: Tracing the Masterminds Behind Cryptocurrency Pump-and-Dump SchemesHonglin Fu, Yebo Feng, Cong Wu et al.
Masterminds are entities organizing, coordinating, and orchestrating cryptocurrency pump-and-dump schemes, a form of trade-based manipulation undermining market integrity and causing financial losses for unwitting investors. Previous research detects pump-and-dump activities in the market, predicts the target cryptocurrency, and examines investors and \ac{osn} entities. However, these solutions do not address the root cause of the problem. There is a critical gap in identifying and tracing the masterminds involved in these schemes. In this research, we develop a detection system \textsc{Perseus}, which collects real-time data from the \acs{osn} and cryptocurrency markets. \textsc{Perseus} then constructs temporal attributed graphs that preserve the direction of information diffusion and the structure of the community while leveraging \ac{gnn} to identify the masterminds behind pump-and-dump activities. Our design of \textsc{Perseus} leads to higher F1 scores and precision than the \ac{sota} fraud detection method, achieving fast training and inferring speeds. Deployed in the real world from February 16 to October 9 2024, \textsc{Perseus} successfully detects $438$ masterminds who are efficient in the pump-and-dump information diffusion networks. \textsc{Perseus} provides regulators with an explanation of the risks of masterminds and oversight capabilities to mitigate the pump-and-dump schemes of cryptocurrency.
3.6CVApr 13, 2025
Structure-Accurate Medical Image Translation via Dynamic Frequency Balance and Knowledge GuidanceJiahua Xu, Dawei Zhou, Lei Hu et al.
Multimodal medical images play a crucial role in the precise and comprehensive clinical diagnosis. Diffusion model is a powerful strategy to synthesize the required medical images. However, existing approaches still suffer from the problem of anatomical structure distortion due to the overfitting of high-frequency information and the weakening of low-frequency information. Thus, we propose a novel method based on dynamic frequency balance and knowledge guidance. Specifically, we first extract the low-frequency and high-frequency components by decomposing the critical features of the model using wavelet transform. Then, a dynamic frequency balance module is designed to adaptively adjust frequency for enhancing global low-frequency features and effective high-frequency details as well as suppressing high-frequency noise. To further overcome the challenges posed by the large differences between different medical modalities, we construct a knowledge-guided mechanism that fuses the prior clinical knowledge from a visual language model with visual features, to facilitate the generation of accurate anatomical structures. Experimental evaluations on multiple datasets show the proposed method achieves significant improvements in qualitative and quantitative assessments, verifying its effectiveness and superiority.
4.4IVOct 25, 2021
Dual Skip Connections Minimize the False Positive Rate of Lung Nodule Detection in CT imagesJiahua Xu, Philipp Ernst, Tung Lung Liu et al.
Pulmonary cancer is one of the most commonly diagnosed and fatal cancers and is often diagnosed by incidental findings on computed tomography. Automated pulmonary nodule detection is an essential part of computer-aided diagnosis, which is still facing great challenges and difficulties to quickly and accurately locate the exact nodules' positions. This paper proposes a dual skip connection upsampling strategy based on Dual Path network in a U-Net structure generating multiscale feature maps, which aims to minimize the ratio of false positives and maximize the sensitivity for lesion detection of nodules. The results show that our new upsampling strategy improves the performance by having 85.3% sensitivity at 4 FROC per image compared to 84.2% for the regular upsampling strategy or 81.2% for VGG16-based Faster-R-CNN.
3.8CRJun 29, 2021
Jack The Rippler: Arbitrage on the Decentralized Exchange of the XRP LedgerGaspard Peduzzi, Jason James, Jiahua Xu
The XRP Ledger (XRPL) is a peer-to-peer cryptographic ledger. It features a decentralized exchange (DEX) where network participants can issue and trade user-defined digital assets and currencies. We present Jack the Rippler, a bot that identifies and exploits arbitrage opportunities on the XRPL DEX. We describe Jack's arbitrage process and discuss risks associated with using arbitrage bots.
12.9IVMay 19, 2021
Adaptive Hypergraph Convolutional Network for No-Reference 360-degree Image Quality AssessmentJun Fu, Chen Hou, Wei Zhou et al.
In no-reference 360-degree image quality assessment (NR 360IQA), graph convolutional networks (GCNs), which model interactions between viewports through graphs, have achieved impressive performance. However, prevailing GCN-based NR 360IQA methods suffer from three main limitations. First, they only use high-level features of the distorted image to regress the quality score, while the human visual system (HVS) scores the image based on hierarchical features. Second, they simplify complex high-order interactions between viewports in a pairwise fashion through graphs. Third, in the graph construction, they only consider spatial locations of viewports, ignoring its content characteristics. Accordingly, to address these issues, we propose an adaptive hypergraph convolutional network for NR 360IQA, denoted as AHGCN. Specifically, we first design a multi-level viewport descriptor for extracting hierarchical representations from viewports. Then, we model interactions between viewports through hypergraphs, where each hyperedge connects two or more viewports. In the hypergraph construction, we build a location-based hyperedge and a content-based hyperedge for each viewport. Experimental results on two public 360IQA databases demonstrate that our proposed approach has a clear advantage over state-of-the-art full-reference and no-reference IQA models.
11.7MMApr 29, 2021
LIQA: Lifelong Blind Image Quality AssessmentJianzhao Liu, Wei Zhou, Jiahua Xu et al.
Existing blind image quality assessment (BIQA) methods are mostly designed in a disposable way and cannot evolve with unseen distortions adaptively, which greatly limits the deployment and application of BIQA models in real-world scenarios. To address this problem, we propose a novel Lifelong blind Image Quality Assessment (LIQA) approach, targeting to achieve the lifelong learning of BIQA. Without accessing to previous training data, our proposed LIQA can not only learn new distortions, but also mitigate the catastrophic forgetting of seen distortions. Specifically, we adopt the Split-and-Merge distillation strategy to train a single-head network that makes task-agnostic predictions. In the split stage, we first employ a distortion-specific generator to obtain the pseudo features of each seen distortion. Then, we use an auxiliary multi-head regression network to generate the predicted quality of each seen distortion. In the merge stage, we replay the pseudo features paired with pseudo labels to distill the knowledge of multiple heads, which can build the final regressed single head. Experimental results demonstrate that the proposed LIQA method can handle the continuous shifts of different distortion types and even datasets. More importantly, our LIQA model can achieve stable performance even if the task sequence is long.
3.8CRJan 5, 2021
Triple-entry Accounting, Blockchain and Next of Kin: Towards a Standardisation of Ledger TerminologyJuan Ignacio Ibañez, Chris N. Bayer, Paolo Tasca et al.
Triple-entry accounting (TEA) is simultaneously a novel application in the blockchain universe and one of the many concepts applied in blockchain technology. Its Wild Wild West status is accompanied by a lack of consistent and comprehensive set of categories, a state of play that impedes a proper apprehension of the technology, leading to contradictions and oversight of important nuances. To clearly delineate the confines of TEA within the world of blockchain, we provide building blocks to standardise its terminology. Particularly, we distinguish between essential elements such as accounting and bookkeeping, as well as between decentralised systems, distributed ledgers and distributed journals.
Carbon Trading with BlockchainAndreas Richardson, Jiahua Xu
Blockchain has the potential to accelerate the deployment of emissions trading systems (ETS) worldwide and improve upon the efficiency of existing systems. In this paper, we present a model for a permissioned blockchain implementation based on the successful European Union (EU) ETS and discuss its potential advantages over existing technology. We propose an ETS model that is both backwards compatible and future-proof, characterised by interconnectedness, transparency, tamper-resistance and high liquidity. Further, we identify key challenges to implementation of a blockchain ETS, as well as areas of future work required to enable a fully-decentralised blockchain ETS.
Revisiting Transactional Statistics of High-scalability BlockchainsDaniel Perez, Jiahua Xu, Benjamin Livshits
Scalability has been a bottleneck for major blockchains such as Bitcoin and Ethereum. Despite the significantly improved scalability claimed by several high--profile blockchain projects, there has been little effort to understand how their transactional throughput is being used. In this paper, we examine recent network traffic of three major high-scalability blockchains--EOSIO, Tezos and XRP Ledger (XRPL)--over a period of seven months. Our analysis reveals that only a small fraction of the transactions are used for value transfer purposes. In particular, 96% of the transactions on EOSIO were triggered by the airdrop of a currently valueless token; on Tezos, 76% of throughput was used for maintaining consensus; and over 94% of transactions on XRPL carried no economic value. We also identify a persisting airdrop on EOSIO as a DoS attack and detect a two-month-long spam attack on XRPL. The paper explores the different designs of the three blockchains and sheds light on how they could shape user behavior.
The Anatomy of a Cryptocurrency Pump-and-Dump SchemeJiahua Xu, Benjamin Livshits
While pump-and-dump schemes have attracted the attention of cryptocurrency observers and regulators alike, this paper represents the first detailed empirical query of pump-and-dump activities in cryptocurrency markets. We present a case study of a recent pump-and-dump event, investigate 412 pump-and-dump activities organized in Telegram channels from June 17, 2018 to February 26, 2019, and discover patterns in crypto-markets associated with pump-and-dump schemes. We then build a model that predicts the pump likelihood of all coins listed in a crypto-exchange prior to a pump. The model exhibits high precision as well as robustness, and can be used to create a simple, yet very effective trading strategy, which we empirically demonstrate can generate a return as high as 60% on small retail investments within a span of two and half months. The study provides a proof of concept for strategic crypto-trading and sheds light on the application of machine learning for crime detection.