devcon 7 / navigating stablecoin yields and risks
Duration: 00:00:00
Speaker: Alessandro Buser, Ariah Klages-Mundt, Colin Platt, Tammy Yang
Type: Panel
Expertise: Intermediate
Event: Devcon
Date: Nov 2024
Superliquid Mechanisms for Decentralized Stablecoins
USDC and USDT outpace decentralized stablecoins in large part due to their liquidity. This talk covers the theory, data, and risks of stablecoin liquidity innovations. This will include mint/redemption mechanism design, liquidity pool design, rehypothecation, and protocol-owned liquidity. The analysis will distill how the flexibility of decentralized stablecoin issuance mechanisms can safely be used to their advantage over centralized stablecoins, which Gyroscope v2 is putting into practice.
Designing Autonomous Markets for Stablecoin Monetary Policy
We discuss the design of primary (i.e., minting and redemption) market mechanisms for non-custodial stablecoins. We first introduce a new analytical tool, the *redemption curve*, which represents the redemption price as a function of redemption pressure. We use it to discuss historical de-peggings (e.g. in DAI, UST). We then describe a new dynamic redemption curve with desirable robustness properties and show how to implement a primary market based on this curve. The system is part of Gyroscope.
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.
A Modest Proposal for Ethereum 2.0
Vitalik Buterin gives his talk titled, "A Modest Proposal for Ethereum 2.0"
Does Ethereum Really Need PBS? Solving MEV at the app vs the infrastructure layer
In this talk, we will give a brief history of MEV (Maximal Extractable Value) and its influence on enshrining PBS (Proposer Builder Separation) into Ethereum. We will explore the Ethereum community’s evolving perspectives on PBS while looking at successful outcomes, unexpected consequences, and alternate solutions. Ultimately, the talk will provocatively ask: does Ethereum really need PBS at all?
Nano-payments on Ethereum
Piotr Janiu of Golem (http://golemproject.net/) presents on Nano-payments on the Ethereum blockchain
The CBC Casper Roadmap
The CBC Casper roadmap is a plan to implement Proof-of-Stake and Sharding for Ethereum using “correct-by-construction” (CBC) software design methodology. This talk will share new CBC Casper research, including specifications for light clients, liveness and sharding. It will include updates on formal verification and engineering efforts, and a roadmap for (eventual) release.
Demand-based recurring fees in practice
ALL 4 letter .COMs have been taken since 2013. Yet most only have a few natural buyers; hence, speculation doesn't make that market more efficient. Yet, in crypto-economics, we can already transcend private property to deter the monopolization of digital assets like domains. This talk explores solutions from Weyl, Posner, and Henry George. We'll show how pricing and allocative efficiency can be improved through Georgist land value tax for assets like real estate, domain names, or ad space.
Voting with time commitment
Token-based voting mechanisms employed by DAOs can encounter three potential problems: plutocracy, Sybil attacks and vote buying. If one were to design a voting mechanism from scratch, how does one ensure that these issues are addressed adequately down the road? This talk aims to provide some intuition for the trade-offs faced when tackling these problems in general, and the role of time commitment in alleviating these issues, in particular.
Bootstrapping a block builder
The sessions aims to be a practical overview of how to go from zero to having a running and reasonably competitive builder (profits may vary). It aims to answer the following questions: - What software to run? How can this be customized? - What would need to go into writing a builder from the ground up? - How does one acquire orderflow? What is the relative value of various sources of orderflow? - What infrastructure is required? How much does it cost?