devcon 7 / next generation amms eliminating lvr
Duration: 00:25:16
Speaker: Anna George
Type: Talk
Expertise: Intermediate
Event: Devcon
Date: Nov 2024
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.
A Modest Proposal for Ethereum 2.0
Vitalik Buterin gives his talk titled, "A Modest Proposal for Ethereum 2.0"
Latency Advantage in CEX-DEX Arbitrage
We study the effects of having latency advantage in the CEX-DEX arbitrage in the first-come first-serve transaction ordering policies. We search for optimal strategies for a trader that owns such advantage. To find optimal strategies, we simulate price changes on CEX using real data and assume DEX price does not change in the latency advantage interval. We find that optimal strategy can even be to trade right away as soon as the price difference crosses a threshold where trading is profitable
Can we fix MEV?
MEV is problematic today. The MEV supply chain puts centralizing pressure on Ethereum. There’s also an allocation problem; proposers (not apps or users) earn nearly all MEV, though they’re merely protocol agents. Numerous proposed solutions address this (ePBS, EAs, ETs, FOCIL, BRAID...), each with tradeoffs and assumptions about whether MEV is intrinsic to blockchains or extrinsic & preventable. Research is challenging to enter w/o continuous engagement. I’ll provide an overview of the research.
Is multi-block MEV a thing? Insights from 2 years of MEV Boost Data
Multi-block MEV describes MEV that arises from one party controlling several consecutive slots. Currently, it is discussed as a potential blocker for several prominent mechanism designs. We analyzed two years of MEV boost data covering more than 5 million slots to investigate historical patterns of it. Amongst other findings we see less multi-slot sequences occur than randomly feasible however that payments for longer sequences are higher than average.
Sybil-Proof Mechanisms
I discuss a fundamental impossibility result on proposer selection mechanisms: If different actors can generate different value from block proposal (or sequencing) rights, the only sybil-proof and incentive compatible way of assigning proposal rights is through an (arguably centralizing) auction. In other words, any proposer selection mechanism can at most satisfy two out of three fundamental requirements: incentive compatibility, sybil-resistance and decentralization.
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.
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.
Evaluating the PBS Experiment: Early insights from MEV-Boost and the Builder Market
PBS is a major change to the core Ethereum protocol. It attempts to minimise negative effects of MEV by delegating block building to a market of block builders. This talk would cover what we have learned from the rollout of mev-boost, focusing on what is happening in the builder market, and what this means for the future of in-protocol PBS. What are the main improvements that we can make to the PBS design in response to how this prototype version is performing?