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Sharp local well-posedness of the two-dimensional periodic nonlinear Schrödinger equation with a quadratic nonlinearity $|u|^2$

We study the nonlinear Schrödinger equation (NLS) with the quadratic nonlinearity $|u|^2$, posed on the two-dimensional torus $\mathbb{T}^2$. While the relevant $L^3$-Strichartz estimate is known only with a derivative loss, we prove local well-posedness of the quadratic NLS in $L^2(\mathbb{T}^2)$, thus resolving an open problem of thirty years since Bourgain (1993). In view of ill-posedness in negative Sobolev spaces, this result is sharp. We establish a crucial bilinear estimate by separately studying the non-resonant and nearly resonant cases. As a corollary, we obtain a tri-linear version of the $L^3$-Strichartz estimate without any derivative loss.