Kydo

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on the atlas — 44

highlights — 241

Use feedback from the Temperature Check post and create a new Snapshot poll which covers the options which have gained support. This poll can either be binary or multiple choice but you are required to include the option "Make no change" or its equivalent. Set the poll duration to 5 da
Process | Uniswap
Although ZKFPs don’t completely solve this, they are able to drastically reduce withdrawal times due to their “one-shot” methodology. Rather than a lengthy back-and-forth bi-section protocol on ETH, ZKFPs allow for a single back-and-forth transaction to prove/disprove fraud.
Zero-knowledge Fraud Proofs | Layer N
competition to build social capital and convert it into actual capital.
SocialFi: A Blank Canvas for Web3 Social Apps – Variant
We have estimated the institutional digital asset prime brokerage TAM today to be approximately $30B, which is expected to grow roughly in line with the 32% CAGR that’s expected for the broader cryptocurrency market.
Why we invested: FalconX - B Capital Group
While mainstream consumer adoption is evident, it may not be apparent that institutions are also lining up to allocate capital to digital assets. Marquee names like Tudor Group ($38.4Bn in AUM) and Guggenheim Investments ($233Bn in AUM) have championed Bitcoin as an asset, and other large traditional players are expected to allocate as well.
Why we invested: FalconX - B Capital Group
We can do this now that we’ve split validation and execution, because the entry point can require that the wallet sends ETH to the entry point as part of the validation step or the op gets rejected.
You Could Have Invented Account Abstraction: Part 1
handleOp will do the following: Check to see if the wallet has enough funds to pay the maximum amount of gas it might possibly use (based on the gas field in the user op). If not, reject. Call the wallet’s executeOp method (with the appropriate gas), keeping track of how much gas it actually uses. Send some of the wallet’s ETH to the executor to pay for the gas.
You Could Have Invented Account Abstraction: Part 1
As the wallet’s executeOp can contain arbitrary code and we can’t reasonably restrict it to stop it from fooling a simulation, this problem is insurmountable with the current interface. executeOp is just too much of a black box.
You Could Have Invented Account Abstraction: Part 1
A problem here is that simulation doesn’t perfectly predict the future. It’s entirely possible that the wallet pays for gas during simulation and fails to do so when the transaction is actually added to a block. A dishonest wallet could do this intentionally, getting its operations executed for free and racking up a huge gas bill for the executor.
You Could Have Invented Account Abstraction: Part 1
For simplicity, we will assume that these partially synchronous protocols with n≥3t+1 � ≥ 3 � + 1 are committing a single value, though the idea directly extends to multiple values. At the core, all of PBFT, Tendermint, HotStuff, and HotStuff-2 use (roughly) the same approach to obtain the safety property.
What is the difference between PBFT, Tendermint, HotStuff, and HotStuff-2?
After all, Ethereum devs changed the VM many times, the consensus mechanism several times, but the state only once.
The Definitive Guide to Sequencing - by James Prestwich
In order to help push rational behavior (delaying the block publication) towards honest behavior (on-time publishing), “honest reorgs” were implemented.
Time, slots, and the ordering of events in Ethereum Proof-of-Stake - Paradigm
FairBlock send shares for each block
Reverie
For example, an application specific DEX chain can batch all trading orders within the same market and execute them at a uniform clearing price.
Reverie
The sequencer cannot exclude or censor transactions, but they are given complete control over transaction ordering over this period.
Reverie
Lessens the risk of collusion between validators and block builders by reducing the amount of trust required between them.
Reverie
Reduces congestion and gas fees at the protocol level by removing MEV transactions from the public mempool.
Reverie
The MessageDispatcher lives on the origin chain and dispatches messages to the MessageExecutor for execution. The MessageExecutor lives on the destination chain and executes dispatched messages.
ERC-5164: Cross-Chain Execution
common specification will increase code re-use and allow us to use common bridge implementations.
ERC-5164: Cross-Chain Execution
MBS rates will converge to the 1-year rate as banks arb the Fed.
Kaiseki. (Any views expressed in the below are… | by Arthur Hayes | Mar, 2023 | Medium
Then, shit really hit the fan with the failed SVB rights issue.
Kaiseki. (Any views expressed in the below are… | by Arthur Hayes | Mar, 2023 | Medium
That meant he could keep raising interest rates and dispel the notion that the Fed only cares about juicing financial asset prices to help rich people. What a fucking hero!!!!
Kaiseki. (Any views expressed in the below are… | by Arthur Hayes | Mar, 2023 | Medium
We caught up on personal matters, and then spent the majority of the dinner talking about the implications of the Fed’s new Bank Term Funding Program (BTFP). BTFP also stands for Buy The Fucking Pivot!
Kaiseki. (Any views expressed in the below are… | by Arthur Hayes | Mar, 2023 | Medium
When you sit down for a kaiseki meal, the destination is known, but the path is not. This brought to mind the current situation vis-à-vis the world’s major central banks, and in particular, the Federal Reserve (Fed).
Kaiseki. (Any views expressed in the below are… | by Arthur Hayes | Mar, 2023 | Medium
these intermediaries may benefit from the investment fees and have an incentive to keep the scheme going.
Email Subject Line Examples
Similarly, 401(k) plans, especially those that invest heavily in stocks, depend on the continual growth of the market and new investors entering the market to maintain their value
Email Subject Line Examples
Similarly, many 401(k) participants may not fully understand the investments within their plan
Email Subject Line Examples
they are often marketed as a surefire way to build retirement wealth
Email Subject Line Examples
Both the ABCI++ capabilities included in CometBFT 0.34, and the Vote Extension feature coming in a future release, open a new design space for protocol-owned mempools and block building.
Protocol-Owned Builders, The Future of Sovereign Cosmos MEV — Osmosis Blog
Centralization of builders: as soon as block-building is outsourced out-of-protocol, the best builders are determined by access to private orderflow, and have a flywheel effect once they attain it to further entrench dominance.
Protocol-Owned Builders, The Future of Sovereign Cosmos MEV — Osmosis Blog
Ethereum has moved to the PBS model, where validators can choose from a wide variety of builders. However, PBS still has multiple problems:
Protocol-Owned Builders, The Future of Sovereign Cosmos MEV — Osmosis Blog
In our view, how a chain creates blocks is no different. We call this sovereign MEV.
Protocol-Owned Builders, The Future of Sovereign Cosmos MEV — Osmosis Blog
In order to achieve a scalable SGX infrastructure, we’ll publicly explore architectures for end-to-end SGX designs that can deal with outside requests in a scalable fashion, and prevent spam through pre-simulation.
Block Building inside SGX | Flashbots
which would simplify TLS termination, rate-limiting, spam prevention, load-balancing and reputation management.
Block Building inside SGX | Flashbots
Public users want to connect directly to the code inside the enclave (via TLS), to be able to verify the system is running inside SGX and the code is exactly what they expect.
Block Building inside SGX | Flashbots
A likely culprit for this degradation is the way Golang handles syscalls. Instead of using the libc syscall interface, Golang calls directly into the kernel. This produces additional execution overhead when running inside an SGX enclave.
Block Building inside SGX | Flashbots
The SGX builder currently performs at around ~150 mgasps, which is about half the performance of a non-SGX builder.
Block Building inside SGX | Flashbots
Gramine is crashing at 1TB of state in the enclave (we’ve opened a bug report)
Block Building inside SGX | Flashbots
Looking to the future, builders inside SGX can make blocks that are provably valid and truthfully report their bid size, possibly obviating the need for mev-boost relays.
Block Building inside SGX | Flashbots
Our previous work on running Geth inside SGX demonstrated the technical feasibility of this approach.
Block Building inside SGX | Flashbots
Informally, In the first stage every non-byzantine validator on the committee sends a signed special bundle of transactions, to the leader. In order to construct a valid block, the leader must include at least 2/3 (stake weighted) of these bundles. Therefore the leader cannot construct a valid block that omits a transaction which was included in >1/3 (stake weighted) of the special bundles.
Introducing Multiplicity
Multiplicity: A Practical Gadget for Multiple Concurrent Proposers:
Introducing Multiplicity
multiple concurrent block proposers (MCBP)
Introducing Multiplicity
Some proposers collude with MEV-searchers to maximize the rents that they can extract from this temporary monopoly (e.g. MEV boost).
Introducing Multiplicity
To instantiate a permissionless set of sequencers in place of a centralized party, the minimum requirement is some form of Sybil resistance and a leader election mechanism.
Decentralized sequencers: where do we go next?
decentralizing the sequencer.
Optimism’s Path to Technical Decentralization
We call these parallelized upgrades baseline decentralization milestones.
Optimism’s Path to Technical Decentralization
We expect that there will be many rollups with significant activity, serving as “hubs” for different ecosystems. They will gradually increase their interoperability until they form a “mesh” or “Superchain” that jointly scales Ethereum.
Decentralizing Base with the OP Stack and Optimism — Base
However, in this case, the rollup system would only alleviate computational bottlenecks of the L1. Its throughput would still be limited by the data sequencing rate of the L1.
Decentralizing Rollups: Announcing the Espresso Sequencer | Espresso Systems
An external sequencer is not always necessary.
Decentralizing Rollups: Announcing the Espresso Sequencer | Espresso Systems