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Dave White is a Research Partner at Paradigm. Previously, Dave was a quantitative trader and researcher at firms including Headlands, Two Sigma, and Cutler Group. He is three credits shy of an A.B. in Mathematics from Harvard University. Written by Dave White Orbital The future holds a million stablecoins. Today's infrastructure isn't ready. This paper introduces Orbital, an automated market maker for pools of 2, 3, or 10,000 stablecoins. Orbital unlocks capital efficiency by bringing concentrated liquidity to unlimited dimensions. 06.02.2025|Dave WhiteDan RobinsonCiamac Moallemi Multiverse Finance Addressing capital efficiency in prediction markets by splitting the financial system into parallel universes. 05.12.2025|Dave White Distribution Markets This paper introduces distribution markets, a new kind of prediction market for events whose outcomes aren't just "yes" or "no" but could be any number. Instead of betting on a particular outcome or range, traders can express how likely the

Dave White is a Research Partner at Paradigm. Previously, Dave was a quantitative trader and researcher at firms including Headlands, Two Sigma, and Cutler Group. He is three credits shy of an A.B. in Mathematics from Harvard University. Written by Dave White Orbital The future holds a million stablecoins. Today's infrastructure isn't ready. This paper introduces Orbital, an automated market maker for pools of 2, 3, or 10,000 stablecoins. Orbital unlocks capital efficiency by bringing concentrated liquidity to unlimited dimensions. 06.02.2025|Dave WhiteDan RobinsonCiamac Moallemi Multiverse Fi

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