Watch / Reinforcement Learning for Query Pricing in The Graph
Duration: 00:27:35
Speaker: Tomasz Kornuta
Type: Talk
Expertise: Intermediate
Event: Devcon 6
Date: Oct 2022
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TK
Tomasz Kornuta
I am an applied research scientist, able to drive research into novel directions. With over 20 years in academia and industry, I have developed strong analytical & problem solving skills along with deep expertise in software engineering, robotics, visual perception and machine learning. I am a fan of robotics, AI, design patterns and MOOCs.
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A Standardized Business Model for Decentralized Insurance
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Christoph Mussenbrock
Dai Stablecoin
The process of developing the Dai Stablecoin System has matured significantly over the course of the last year. We innovated in the Ethereum community by being the first project to release a well-defined reference implementation, written in Haskell, for our proposed system. This effort has helped with the simplification of the system’s design, increased project efficiency, and has attracted the attention of formal verificiation specialists who now want to focus on Maker. It is becoming more and more likely that Maker will be the first non-trivial decentralized application to be formally verified before launch. In this proposed presentation, I would like to talk about the usefulness of rigorous specification and external reference implementations for the benefit of other Ethereum projects.
Andy Milenius
Programmable Incentives: Intro to Cryptoeconomics
Karl Floersch presents their talk titled, "Programmable Incentives: Intro to Cryptoeconomics"
Karl Floersch
A review of short term interest rates of tokens in the Ethereum Defi space, why they exist and how to interact with those smart contracts
This a review of the current interest rate economics in the Ethereum space. A quick look at loanscan.io will show tons of projects interacting with each other to create lending and borrowing opportunities. We are here to review why they exist and show on a practical level how to interact with these smart contracts. Most use cases will be earning a high-interest rate or getting a loan of a cryptocurrency.How do you make sure your money is safe, what risks are you taking, how is this different than lending/borrowing money in the "real" world? We will go through a practical example of taking USD and entering the crypto world, interacting with a smart contract and earning interest. The hope is to teach anyone to do this in 10 minutes.
Akash Patel
Economics of Ethereum 2.0
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Collin Myers
Money and Debt and Digital Contracts
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Brewster Kahle
Shouldn’t we rethink debt? What DeFi can learn from susu’s and immigrant lending clubs
With hundreds of millions collateralized in products like Compound Finance and Maker, the Ethereum community is rightfully rallying around #DeFi. Yet, one could easily draw portentous parallels to the systemic risks of financial innovations in the early 2000s: credit default swaps, hybrid securities, and so on. In this lightning talk I will implore our community to look toward another concept of lending used around the world: the susu. The susu (tanda in Latin America, hui in Asia, or a “rotating savings and credit association: ROSCA), is a type of short-term no-interest loan among members of a small community. Each person in the susu makes the same contribution to the pool of money, and on a rotating basis, one person receives the total amount added to the pool. I first encountered this concept when visiting my partner’s family in Trinidad and Tobago, and am studying how communities in NYC rely on these informal lending clubs to pay for a flight, a home down-payment, or just for fun. If Ethereum will bring greater financial access, we should focus less on imitating the sophisticated financial products of Wall Street and instead look to the ways that communities without financial access already get by.
James Beck
Shaky ERC20 Allowances
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Stablecoins
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The Future of Value
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Transparent Dishonesty: Blockchain Front-running Taxonomy
Front-running has been an issue in financial instrument markets since the 1970s. With the advent of the blockchain technology, front-running has resurfaced in new forms we explore here, instigated by blockchains decentralized and transparent nature. In this paper, we draw from a scattered body of knowledge and instances of front-running across the top 25 most active decentral applications (DApps) deployed on Ethereum blockchain, and an instance of abnormal behaviour of a mining pool to participate in an ICO. We also introduce a taxonomy of front-running attacks on blockchain and map the proposed solutions to front-running into useful categories. Published at Financial Cryptography and Data Security 2019: https://arxiv.org/abs/1902.05164
Shayan Eskandari
We Come in Peace: Why VC Matters to Ethereum
Jehan Chu speaks about VCs in the ecosystem.
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We propose a new mechanism for multi-dimensional resource pricing in blockchains. Currently, many blockchain systems operate with either fixed transaction fees or fixed relative prices of different resources (e.g., compute, memory, storage). Our proposed mechanism prices resources independently and automatically in a way that maximizes some utility set by the protocol designer.
Theo Diamandis
Amplifying Consensus Participation with Blockspace Markets
In order to maximize staking participation post-merge, we need to provide capital markets for blockspace demand. This can come in the form of Yield Tokenization (e.g. Swivel, Element), blockspace reservations (e.g. Eden Network), or direct exchanges (e.g. Alkimiya), however composable infrastructure is necessary. With composable infrastructure on the capital markets layer, we can create interesting instruments such as combined staking+lending+options products, and derivative stablecoins.
Julian Traversa
An Overview of AMM Mechanisms
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Matt Deible
Block building after the Merge
We are seeing the emergence of a specialized role on the Ethereum network dedicated to assembling the contents of each block as the ecosystem grows and the impact of "maximum extractable value" (MEV) becomes clear. This talk investigates block building after the Merge and what considerations the move to proof-of-stake brings to the process along with what norms we should strive for to avoid dangerous centralization pressures while maximizing validator profits.
Alex Stokes
Cryptoeconomics Dive: LP Volatility Harvesting Across Yield Rates
This talk furthers the concept of volatility harvesting. Currently, Uniswap and other major dexes see a huge part of their trading volume consist of the result of volatility in the market. Value changes and as a result, trading volume spikes and LPs profit. When extending yield, which is also quite a volatile concept, to AMMs, volatility harvesting is increased further to not only affect value but also the yield that value creates.
Will Villanueva
Compositionality: The 10x Engineer Secret Sauce
Proponents of blockchains argue that compositionality is a key feature. What is compositionality though? Maybe surprisingly, there is a rich mathematical framework in which the concept can be made precise as a theory of systems. In this workshop, we provide a primer of that theory and we showcase two practical applications based on it: compositionality in game theory (open games) and in formal verification (automata). The workshop is aimed at devs. There are no mathematical prerequisites.
Fabrizio Romano Genovese, Philipp Zahn
Cost of Feudalism: Towards a Theory of MEV
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Ariah Klages-Mundt, Steffen Schuldenzucker
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Jolene Dunne
GHO
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Evan Miyazono
MEV NFT: ERC-721 Fork for Blocking Atomic Arbitrage
Inspiration MEV (miner extractable value) is an issue that often times disbenefits the smaller consumers or traders. While traditional MEV research is mostly focussed on sandwich trades, we focus on one specific type of extractable value: MEV NFT! Let's illuminate the dark forest. In the talk we present a novel way to analyse and detect NFT arbitrage for more transparency. With that research we design a ERC-721 token that blocks malicious bots and could benefit consumers.
Franz
One Block, One Batch: Examining the Potential of Frequent Batch Auctions in Ethereum
This talk will focus on the future of (de)centralized trading, and examine how frequent batch auctions can revolutionize existing market economics by bringing fairness and protection to Ethereum’s various stakeholders. We will review why Ethereum would benefit from a global batch settlement layer, touching on MEV and unfair pricing of CFMMs.
Anna George
Security Risks in DeFi: Delineating Technical and Economic Security
The frenetic evolution of DeFi makes it hard to understand its principles and risks. In our talk, We delineate DeFi along the axes of primitives, protocol types and security risks. We distinguish technical security, which has a healthy literature, from economic security, which is largely unexplored, connecting the latter with new models and thereby synthesizing insights from computer science and economics. Finally, we outline the open research challenges across these security types.
Daniel Perez, Ariah Klages-Mundt, Lewis Gudgeon
The Fight for MEV
The Fight for MEV is a talk that focuses on the two most "famous" MEV solutions designs, CowSwap and Flashbots. It will go over the differences in how each model is designed, and why each solution has made those choices (users, objectives). We will end on how we see the future at CowSwap in relation to the merge, MEV, and the overall Ethereum DeFi ecosystem.
Alex Vinyas
This is MEV
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sxysun
This is not MEV.
As a nascent field, cryptoeconomics is still lacking in terms of formal definitions upon which a cohesive theoretical edifice can be built. Maximal Extractable Value (MEV) is a particular example of a technical concept where there is no widely agreed upon formalization. Here, we discuss the difficulties in arriving to such a formulation, and survey some proposals. Critically, we emphasize what MEV is *not*, highlighting the critical aspects that need to be encompassed in its definition.
Alejo Salles
Ultra Sound Money
This talks paints a big picture for ETH the asset and its macro cashflows. We discuss unique dynamics arising from: * **fee burn** (ETH for blockspace payments) * **issuance** (ETH for validator incentivisation) * **staking** (ETH for economic security) * **defi collateral** (ETH for economic bandwidth)
Justin Drake
Towards Fairer DEXs on Ethereum
MEV is inherent to Ethereum and cannot be banned at the core protocol layer. Dapps should therefore carefully assess and reduce the amount of MEV they create. Multi-dimensional batch auctions with just in time competition for order flow offer a fundamentally fairer way of trading on Ethereum. P2P matching reduces the amount of extractable AMM interactions, while best price execution is guaranteed through a network of competing “solvers”.
Felix Leupold
Updates on Proposer-Builder Separation
In this talk, I will discuss updates on PBS and economic models for validators, builders, searchers and users.
Barnabé Monnot
Validator Receipts: an Alternative to Liquid Staking Derivatives
Liquid staking derivatives are exciting and powerful, however come with centralization risk and the dangers of holding a derivative rather than its underlying asset. Validator receipts present an alternative mechanism by which Ether locked in staking can be used as collateral without exposure to derivatives or loss of control of the validating funds.
Steve Berryman