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DAI-2509 1 December 2025 Preprint Programme III: Crypto Microstructure

ASRI: An Aggregated Systemic Risk Index for Cryptocurrency Markets

Murad Farzulla, Andrew Maksakov

Abstract

Composite systemic risk index integrating DeFi and TradFi risk metrics. Real-time monitoring of cross-market contagion, liquidity stress, and protocol-level vulnerabilities through a weighted aggregation methodology designed for the unique characteristics of decentralized financial infrastructure.

Suggested Citation

Murad Farzulla, Andrew Maksakov (2025). ASRI: An Aggregated Systemic Risk Index for Cryptocurrency Markets. ASCRI Working Paper DAI-2509. DOI: 10.48550/arXiv.2602.03874

BibTeX

@misc{farzulla2025_asri,
  author       = {Farzulla, Murad and Maksakov, Andrew},
  title        = {ASRI: An Aggregated Systemic Risk Index for Cryptocurrency Markets},
  year         = {2025},
  howpublished = {ASCRI Working Paper DAI-2509},
  doi          = {10.48550/arXiv.2602.03874},
  url          = {https://systems.ac/3/DAI-2509}
}

Tags

Financial Markets Cryptocurrency Risk Management