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The execution abstraction protocol, coming soon to the EVM. From @0xFastLane
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Introducing Atlas: a generalized execution abstraction protocol for building application-specific orderflow auctions on the EVM
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Join us for our first Atlas Office Hours on Spaces tomrorow at 12pm EST, ft
@ThogardPvP
,
@basche42
and special guest
@uriklarman
for a discussion and Q&A on the Atlas Whitepaper
MEV, intents, account abstraction and how it all fits together
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Ok so he just tweeted it out
L4’s may be a joke (or are they?) but execution abstraction + balance abstraction is not
Study founders too locked-in to realize it’s April fool’s day
Big announcement time.
Over the last year, many of you may have heard me use the term "Balance Abstraction." But what does it do?
It lets my grandmother trade shitcoins on an L4 without having to worry about bridges, "solvers", or even what an L4 is.
How? A thread (1/18)
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balance abstraction
Big announcement time.
Over the last year, many of you may have heard me use the term "Balance Abstraction." But what does it do?
It lets my grandmother trade shitcoins on an L4 without having to worry about bridges, "solvers", or even what an L4 is.
How? A thread (1/18)
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Computer, enhance 🧐
--> The Future indeed
By popular demand, an updated roadmap diagram for 2023!
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Getting users to change their RPC is cumbersome, only provides basic MEV protection and rebates, and limits programmability of MEV by apps. Custom RPCs are not the right form factor for fully expressive intent-centric auctions
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Building a new app-specific OFA and bootstrapping a solver network is difficult and time intensive. Each individual OFA has their own fractured solver network at best, and ends up with a centralized cartel of rent-seeking market makers at worst
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From backrunning protection and OEV, to swaps and generalized intents, Atlas gives developers the ability to add trust-minimized auctions to their applications while tapping into a unified network of solvers
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FastLane is excited to participate in the CAKE working group and collaborate around bringing Chain Abstraction to life
With Atlas’ focus on execution abstraction and aligning MEV at the app layer, we think we’ll be able to contribute to making this vision a reality 🌎
We are pleased to welcome the newest members of the CAKE working group who are coming together to help define the standards for messaging between layers of the Chain Abstraction stack:
@arbitrum
@blocknative
@conduitxyz
@Consensys
@eigenlayer
@EspressoSys
@etherspot
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Atlas' unified standard for User and Solver operations and flexible Atlas Modules framework allows applications to both tap into an existing and growing network of solvers while maintaining full control over the design over their auction
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In order to mitigate MEV and provide better execution to users, we have begun to see applications and wallets adopt both MEV mitigation solutions like private RPCs, and, more recently, intent-centric orderflow auctions
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Atlas is a generalized execution abstraction protocol for the EVM
But WTF is execution abstraction?
Our CEO
@ThogardPVP
goes indepth on what execution abstraction is, what value it adds to users and applications, and how we uniquely enable it with Atlas
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Apps can select any infra provider to act as the relayer of operations depending on their needs. Use relays like BloXroute or Gelato, private mempools on SUAVE or Anoma, or a dMPC network like Lit
Or simply use the public Ethereum mempool with no relayer at all. It's up to you
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Atlas transactions leverage this “execution abstraction” to remove the need for block builder guarantees of neutrality - Atlas transactions cannot be unbundled, and UserOperations and SolverOperation either execute together or not at all
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Our first Atlas Office Hours recording is up - we cover the basics of what the Atlas protocol does, dive deeper into its core mechanism design, and how execution abstraction fits into the bigger MEV, intents and account abstraction picture
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The Atlas source code is available for you to review on Github. We have a Sepolia testnet deployment at the moment and will be hardening the protocol before an estimated early Q2 deployment to Ethereum Mainnet after Dencun.
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1/ Next up from our Makers and Breakers in the Rockies talk series is from
@Jaimin_Building
on
@Caddi_Finance
& the Space Between Wallets and Apps
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Atlas provides a client SDK and immutable EntryPoint contract through which applications and solvers can send EIP-712 signed messages expressing their preferences. UserOperations must be atomically fulfilled by solvers submitting a corresponding SolverOperation
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To learn more about building on Atlas, ask questions or provide feedback, please fill out this brief questionnaire to get access to our Atlas Developers community chat
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The Atlas framework enables applications to easily add programmable MEV protection and intent-centric OFAs without requiring any custom RPCs
It makes solving permissionless, leading to more competitive and decentralized OFAs
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Atlas works with EOAs and smart contract wallets, letting applications serve both userbases with a single metatransaction standard based on EIP-712. It is simple enough to use for basic MEV protection and backrun rebates, yet flexible enough to build fully intent-centric apps
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UserOperations and SolverOperations are evaluated in a secure Execution Environment contract separate from Atlas Core, giving both parties trust-minimized guarantees over the execution of a valid transaction which satisfies the user and solvers' constraints
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Applications and their users are what generate MEV in the first place.
Atlas gives applications back the power to distribute that value in a way that most benefits their users and desired UX, without compromising on decentralization and trust minimization
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Someone should do something about this 🤔
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FastLane hosted an awesome hacker house after ETH Denver in Breckinridge called "Makers and Breakers in the Rockies" where builders and searchers came together to discuss the future of scaling, intents, MEV and more
Check out the first talk from our own
@ThogardPvP
on spam
I'm bullish
@monad_xyz
for a variety of reasons - it's the best-designed L1 I've ever seen.
I'm particularly a fan of the gas escrow system resulting from the separation of tx sequencing and execution.
It has very strong anti-spam properties. Watch:
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As we wrap up audit, we are excited to share Atlas Backruns, the first of many Atlas Modules, aimed at letting applications auction off backrunning rights and share proceeds with users and protocol stakeholders like LPs
Read more from
@0xdoge_bull
here:
Introducing Atlas Backruns, the first permissionless backrun OFA that doesn’t require PBS, and is compatible with all L2s. Powered by Atlas “Ex-Post Bids”, an on-chain “block building time” simulation engine.
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2/ Jaimin dives into the latest innovations in extensions to the traditional web3 wallet to add new functionality, improve security and UX, and provide MEV protection
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@doganeth_en
@gmEthereum
Execution abstraction 🤝 account abstraction. Account abstraction is not strictly limited to SCWs as a concept, but SCWs are the future of AA. Yoav nicely fits execution abstraction within the AA taxonomy here
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3/ He then explores the blurring lines between web3 wallets and web3 frontends, and introduces
@Caddi_Finance
, a new kind of MEV-aware wallet which adds solvers into the mix to make sure you are getting the best routes even when using third party dApps
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@doganeth_en
@gmEthereum
Yes, Atlas will work with EOAs and smart accounts. We are working to add smart account support in an upcoming release, but it’s fundamental to the design that Atlas transactions be backwards compatible with EOAs and forwards compatible with SCWs. More on this soon
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did someone say auctions?
He’s right - the right to add auctions to mechanisms should be carefully controlled. With an auction.
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1/ Next up from our Makers and Breakers in the Rockies talk series is "Quick intro to ZK & Scaling Ethereum" from
@OrestTa
, who gives a first-principles intro to zero-knowledge proofs and their applications
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What if, anon?
What if you can have app-specific sequencing for your dApps without building a whole rollup?
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Great deep dive into Atlas from our partners at
@l2iterative
Exploring Atlas: The Execution Abstraction Protocol by FastLane Labs
Developed by
@0xFastLane
, Atlas is revolutionizing the way transactions are handled within DeFi.
We did a deep dive into Atlas to discover how it's pushing the boundaries of what's possible in DeFi
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@yoav
As the atomic Atlas transaction is trying to execute, the auctioneer role in-protocol (typically an end user, enabled by the app) ranks and sorts solver bids in a try/catch loop and goes down the list of bids in order until either a solution is found or the transaction reverts
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“We are your app-aligned MEV protocol”
banks will email you to let you know that you have a new message in your Online Banking Mailbox and the message is "We are your bank"
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@yoav
Originators (typically end user/auction beneficiary) broadcast their operations over an operations relay, solvers bid to fulfill those operations and a bundler (which can be dApp appointed, decentralized or even the user) aggregates operations and places them in a transaction
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Execution abstraction is an element of the broader field of account abstraction, as laid out by
@yoav
, and focuses on programmability over the execution of user interactions
EIP-3074 vs. ERC-4337: false dichotomy!
My latest post clears some misconceptions about both proposals, and why they don't solve the same thing (full account abstraction vs only execution abstraction)
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@yoav
To learn more about Atlas, check out our recently released whitepaper 👇
And stay tuned for updates as we enter audit and prepare for launch on Mainnet and beyond
Introducing Atlas: a generalized execution abstraction protocol for building application-specific orderflow auctions on the EVM
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