SMG
@specialmech
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We enable fair and open markets through breakthrough mechanism design.
Joined April 2023
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Pinned Tweet
To illustrate how easy it is to censor transactions on
#Ethereum
, SMG engineers have halted all transactions for 12 seconds ⏱️, paying just 0.05 ETH.
Here's why we're worried 🧵 👇
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SMG Retweeted
MEV is fundamentally about control. The proposer has control of which transactions make it into blocks and which order they appear in. In other words MEV is all about censorship and reordering. The good news is that fixing this is possible! 1/5
I explain how in a new post:
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NEW RESEARCH
"Optimizing Exit Queues for Proof-of-Stake Blockchains: A Mechanism Design Approach"
Changing validator sets over time potentially erodes proven security of fault-tolerant consensus protocols.
by
@mikeneuder
,
@malleshpai
,
@MaxResnick1
2
9
45
SMG Retweeted
Another version of the GIF which highlights how dramatic the base fee shifts are.
Also note how many mempool transactions pile up when there is a high base fee!
0
5
16
SMG Retweeted
New Paper Alert🚨
@malleshpai
and I consider transaction fee mechanism design in a dynamic context where users don't just care about immediate inclusion but instead face a dynamic tradeoff between faster inclusion and lower fees. 1/n
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10
91
Is the HFT arms race an inevitability? Or can we do something different on blockchains?
SMG's
@MaxResnick1
weighs in on The Lookout.
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