Cryptoeconomic systems, engineered.
Almost a decade designing tokenized protocols — market and mechanism design, formal specification, modeling and simulation, and parameter optimization — from research into working systems.
What we do
Token engineering as systems work: declare the desired properties, design the mechanisms that enforce them, and validate before scale — not slide-deck tokenomics.
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Market design
Primary and secondary venues, claim structures, bonding and conservation mechanisms, multidimensional pools — from requirements to enforceable rules.
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Mechanism & algorithm design
Incentive-compatible procedures: pricing, allocation, reputation, peer prediction, and revenue sharing that survive strategic behavior.
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Specification
Translate business, legal, and economic intent into formal mathematical and state-space specs that engineers can implement and auditors can check.
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Modeling & simulation
Analytical models and computational experiments (including cadCAD) to explore metrics, failure modes, and design alternatives before mainnet.
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Parameter selection & optimization
Choose and stress-test the knobs that make a system operable — liquidity, fees, issuance, thresholds — under social choice and operational constraints.
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Implementation & validation
Prototypes, educational deployments, and field experiments that make the design falsifiable — then iterate.
Selected engagements
A sample of past and ongoing work across DeFi, media protocols, and open market infrastructure.
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Trade mechanisms, system metrics, and implementation architecture for a multidimensional liquidity venue — analytical work plus modeling and simulation.
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Protocol design across IP production, reputation, and monetization — including truth-telling peer prediction for revenue sharing.
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Live venues and field experiments for event-contingent claims — used in teaching, research, and open demos.
Research
Peer-reviewed and working results that sit under the practice — AMMs, bonding curves, tokenomics, and mechanism design.
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Systematization of AMM-based DEX design: conservation functions, slippage, divergence loss, and security — from a multidimensional market-design engagement.
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Game-theoretic treatment of deflationary burn-and-mint economies and conditions that avoid collapse.
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Deposit-based defense analysis for block-withholding in Proof-of-Work mining pools.
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Discrete-event games and bonding curves as estimators of private signals — mechanism design meets control and simulation.
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Bonding curves as enforceable mechanisms and the configuration spaces they induce via conservation invariants.
Full list and citations: Google Scholar.
Community
Meetups, teaching, and talks across the token engineering and Ethereum ecosystems. Recording links will fill in here as they are confirmed.
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Ongoing meetup series — hosting, curation, and local TE community since 2018.
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ETHCC, TE Academy, academic conferences, and European builder events (Zurich, Prague, Cluj, and others). Recording links collected here as they are published.
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Teaching
University courses and open educational series on token engineering process, modeling, and DeFi / AMM design.
Open demos
Current public venues — one slice of ongoing work, not the whole practice. All demos.
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Thin LMSR venue for event-contingent claims: wallet flows, collateral, roles, on-chain settlement.
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Same LMSR economics with Yes/No claims as ERC-20s — portable, composable positions.
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Secondary xy=k pools over outcome tokens. Swaps reassign ownership; they do not rewrite LMSR inventory.
About
Token Engineering Labs is a research and engineering practice for cryptoeconomic systems. We work with protocols and teams that need markets, incentives, and token applications specified rigorously — then modeled, optimized, and taken into implementation.
The practice sits on nearly a decade in token engineering: academic research, BlockScience collaborations, university teaching, and community organizing — formalized as TE Labs in 2022.
Kris Paruch — founder, cryptoeconomist, and token engineer. Work spans market and mechanism design, protocol architecture, and educational / field deployments.
Personal research notes: paruch.at.
Contact
Protocol design, research collaborations, workshops — office@tokenengineeringlabs.com.