Hardhik Mohanty

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About Me

I am a Machine Learning and Quantitative Researcher focusing on applications in Blockchain and Decentralized Finance (DeFi) markets at the University of Southern California, Los Angeles. Currently pursuing my PhD in Electrical and Computer Engineering alongside a Master's degree in Financial Engineering from USC. During the summer of 2025, I completed an internship at Coinbase, where I focused on improving training data quality for machine learning models designed to detect on-chain fraudulent activities. This experience provided me with comprehensive exposure to the entire machine learning pipeline, including the development of Airflow DAGs for training data generation, feature engineering on Tecton, and training Graph Neural Networks on Kumo.

During Summer 2022, I was a Mitacs Globalink Research Intern at York University, Toronto. My research focused on deep learning algorithms for darknet characterization and behavioral profiling of malware attacks. This experience provided valuable hands-on exposure to various network security projects while enhancing my computational and systems engineering capabilities.

Educational Background

My bachelor's and master's degree are from IIT Kharagpur, India. I majored in Electrical Engineering with a specialisation in ML, AI and its applications. I somehow (barely!) made it through the core circuity stuff but EE helped build my engineering mathematical foundation. I graduated with a 9.01 cgpa (phew!) out of 10 and department rank-2. During my undergrad research days, I explored reinforcement learning and bandit algorithms in non-stationary environment. Plus I peeked in the world of federated learning through my bachelor's thesis. Probably the reason I looked further into distributed computing and got hooked to blockchain. Also now integrating DeFi to my expertise!! (blame my try-out-new-things to stay happy mindset)

I am a budding expert in my research field constantly gaining delta knowledge everyday. Also, creating new niche areas for fellow researchers to get baffled on. Look at the other tabs for more details on my interests and work! I love collaborations and networking with people academically!! Do reach out through my contacts for a discussion. I fancy going out for frequent beach trips and driving along the pacific coast highway. I am also a gym rat and you can most likely spot me there afterhours haha

Research Interests

My current research looks into the following aspects of blockchain and cryptocurrency:

Machine Learning for Cryptocurrency

Investigating robust AI methods for cryptocurrency markets to optimize trading strategies, detect fraud, and predict market trends. Applying ensemble learning techniques, GNNs, and other AI/ML models to handle noisy, imperfect, and dynamic data streams. Exploring applications of ML in improving blockchain scalability, stability, and security.

Tokenomics and Incentive Design

Analyzing the economic models underlying blockchain-based tokens plus focusing on incentive structures, governance mechanisms, and network effects. This includes designing token distribution schemes and studying their impact on user behavior and network sustainability.

Consensus in Dynamic Networks

Focusing on the development of consensus mechanisms tailored for dynamic and heterogeneous blockchain environments. Researching protocols like HotStuff and Tendermint that can adjust to network changes and ensure robustness. Developing consensus algorithms that maintain consistency and recover efficiently from network partitions inspired by recent advancements in the Avalanche protocol.

Micropayments in Decentralized Networks

Enhancing the efficiency and security of micropayments for frequent, low-value transactions. Implementing schemes like probabilistic payment channels that reduce transaction overhead while ensuring security. Improving the scalability and reliability of off-chain solutions such as the Lightning Network for Bitcoin and Raiden Network for Ethereum.

Publications

1. Hardhik Mohanty, Giovanni Zaarour, and Bhaskar Krishnamachari. "Proactive Market Making and Liquidity Analysis for Everlasting Options in DeFi Ecosystems." arXiv preprint arXiv:2508.07068 (2025).
2. Moein Shafi, Arash Habibi Lashkari, and Hardhik Mohanty. "Unveiling malicious DNS behavior profiling and generating benchmark dataset through application layer traffic analysis." Computers and Electrical Engineering 118 (2024): 109436.
3. Ryan Lavin, Xuekai Liu, Hardhik Mohanty, Logan Norman, Giovanni Zaarour, and Bhaskar Krishnamachari. "A Survey on the Applications of Zero-Knowledge Proofs." arXiv preprint arXiv:2408.00243 (2024).
4. Gaines Odom, Hardhik Mohanty, Ujjwal Guin, and Bhaskar Krishnamachari. "Blockchain-Enabled Whitelisting Mechanisms for Enhancing Security in 3D ICs." Proceedings of the Great Lakes Symposium on VLSI (2024): 483-488.
5. Zhenbang Feng, Hardhik Mohanty, and Bhaskar Krishnamachari. "Modeling and Analysis of Crypto-Backed Over-Collateralized Stable Derivatives in DeFi." Frontiers in Blockchain 7 (2024): 1392812.
6. Hardhik Mohanty, Arousha Haghighian Roudsari, and Arash Habibi Lashkari. "Robust stacking ensemble model for darknet traffic classification under adversarial settings." Computers & Security 120 (2022): 102830.
7. Gourab Ghatak, Hardhik Mohanty, and Aniq Ur Rahman. "Kolmogorov-Smirnov test-based actively-adaptive Thompson sampling for non-stationary bandits." IEEE Transactions on Artificial Intelligence 3.1 (2021): 11-19.

Hopefully a lot more to come, stay tuned ;)