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Credibly Neutral Preconfirmation Collateral: The Preconfirmation Registry - Layer 2 - Ethereum Research

ethresear.ch · 1,729 words · saved by 1 readers

by mteam 6 from Spire Labs 6 inspired+reviewed by Justin Drake 3. reviewed by Ladislaus 4, Murat 7, and others. . . tl;dr We introduce a design for a credibly neutral preconfirmations registry that solves the collateral problem for solo-stakers who want to earn additional yield from preconfs, while simultaneously improving capital efficiency for large operators who would like to opt-in to preconfirmations. . . There is a fundamental requirement of any proposer-commitment design that the L1 proposer must post some collateral. This is true for Based Preconfirmations (even with delegation) and other systems. This collateral is necessary because, according to the Ethereum protocol, a L1 proposer always has the option to self-build a block. The block that they build may violate commitments that they have made (or that other delegated entities have made). In the next few paragraphs, we introduce a simple system for proposer to post this collateral in ETH (the most credibly neutral collateral

Credibly Neutral Preconfirmation Collateral: The Preconfirmation Registry - Layer 2 - Ethereum Research Credibly Neutral Preconfirmation Collateral: The Preconfirmation Registry Layer 2 based-sequencing , preconfirmations mteam88 May 24, 2024, 9:34pm 1 Credibly Neutral Preconfirmation Collateral by mteam from Spire Labs inspired+reviewed by Justin Drake . reviewed by Ladislaus , Murat , and others. . . tl;dr We introduce a design for a credibly neutral preconfirmations registry that solves the collateral problem for solo-stakers who want to earn additional yield from preconfs, while simultaneo

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