alex relay/acc

and ultra sound relay team — You lose, I lose. I win, you win — 🧘 — 🦇🔊 —

[alex relay/acc @alextes]

would love to hear your thoughts. let’s make Ethereum blocks do more. more participants, more pAMM support, more paths to get on chain

[Blockspace Forum @blockspaceforum]

1/ Today, Ethereum's PBS market is limited by structural gaps. The Blockspace Forum exists to address them. This post (links to follow) presents an initial design of Multi-Party Block Construction (MPBC), which builds on a year of workshops and conversations across Ethereum.

[alex relay/acc @alextes]

congrats Matt 👏

[Matt Cutler @mcutler]

News to share: the Blocknative team has joined Deloitte. It's been eight-plus years. Thousands (more?) of conversations. Too many talks, panels, blog posts, and podcast appearances to track. A team that refused to ship anything we weren't proud of. Grateful for each and every one of you. Onward. 🫡

[alex relay/acc @alextes]

@64s @banteg based on?

[alex relay/acc @alextes]

@_julianma great contributions ❤️. any team would be lucky to have you thinking along with them, especially if the domain concerns complex market dynamics.

[Julian @_julianma]

Life Update: I have decided to leave the Ethereum Foundation. I’m very grateful to have worked with so many talented and inspiring people on an incredibly important project over the past four years.

I’m proud of the work we’ve done. Here are some of my personal highlights:

- FOCIL. It will likely be the first multiple-proposer gadget live on any major chain. In a world where everything is financialized, my job was to prevent these proposer seats from being traded.

- Fast Confirmation Rule Go-To-Market. Designed and led the GTM strategy for FCR. A new consensus rule that drops bridging time from Ethereum L1 to L2s and exchanges down to 13 seconds.

- Strategy. Argued which markets Ethereum should go for and how. Trying to bring protocol design and ecosystem development closer to each other.

Why did I leave? The first three years at the EF I did market design research. The last year, I focused on product and growth work (the FCR GTM and strategic work). I really enjoy that domain and want to move further in that direction.

I’m taking some time to explore ideas that build on the financial infrastructure that crypto has built.

I would love to catch up with friends made along the way. My DMs are open 🙂

[pintail @pintail_xyz]

Ethereum's staking ratio just passed 1/3 for the first time. Under the current issuance curve, it won't stop until nearly all ETH is staked and solo stakers are forced out.

The window to fix this is closing - article "Ethereum’s Staking Ratio: The Tipping Point" linked below.

[alex relay/acc @alextes]

there is so much willingness to see ethereum grow
coordinate, build, grow

[Blockspace Forum @blockspaceforum]

1/ In Cannes, Blockspace Forum held its second workshop, attended by 32 teams representing >95% of out-of-protocol blocks. We’ve summarized the key outcomes and concepts that surfaced. Thank you to everyone who contributed. The ticker is ETH. 🧵👇

https://t.co/FTpflruQyC

[alex relay/acc @alextes]

@real_philogy see you in the denotational trenches 😁

[alex relay/acc @alextes]

@nixorokish @hanni_abu a* over five degrees of separation shouldn't take too long :p

[alex relay/acc @alextes]

@emmettgallic @deeberiroz how much went to the relay? 👀

[Julian @_julianma]

Ethereum needs an Encrypted Mempool and it needs it fast.

It's not just about stopping sandwiching. Encrypted mempools are how Ethereum matures its onchain markets.

I just published a post on why Ethereum needs encrypted mempools. Here are the core arguments:

[MrRatable @MRatable]

Not to brag but Claude thinks my questions are sharp and get to the heart of the topic

[Fede’s intern 🥊 @fede_intern]

this vibecoding cryptography meme is gonna get very fun very soon.

[Blockspace Forum @blockspaceforum]

https://t.co/as0LRmB3ZK

[Blockspace Forum @blockspaceforum]

1/ We’re bringing Blockspace Forum to Cannes during @ETHCC. Our key question, how do we continue to upgrade the @ethereum transaction journey?

Builders. Researchers. Operators. ETH BeliETHers. Bring your gwei.

One room. One day. And, only one ticker, ETH.

[alex relay/acc @alextes]

too much of this depends on the idiosyncrasies of the off-chain path a given tx takes, not enough on what the best possible path is.

better blockspace buying. let’s give it a shot.

[alex relay/acc @alextes]

thank you for the kind words.

how much a tx costs, how long it takes to land, usually the protocol will control. however, increasingly it also depends on what happens before the tx hit the chain. private flow, backruns, blob counts and timing games.

[Fede’s intern 🥊 @fede_intern]

If you don't follow @blockspaceforum, @kubimensah, @alextes and @DrewVdW you won't be able to understand what's happening in Ethereum.

Give them a follow.

[MarkoInEther.eth 🦇🔊 @markoinether]

The Risk Trilemma
Article Tl;Dr
DeFi risk protection faces a fundamental trilemma—three properties that are nearly impossible to achieve simultaneously:
🔹 Capital Efficiency – provide coverage without locking up equivalent collateral
🔹 Counterparty Risk Elimination – no reliance on anyone's solvency or willingness to pay
🔹 Coverage Assurance – confidence that protection will actually be honored when you need it
Every existing model forces you to sacrifice at least one.

[alex relay/acc @alextes]

@apriori0x isn’t that local block building? even under ePBS, which i like for getting rid of blind signing, you still rely on the builder no?

[alex relay/acc @alextes]

this is what i'm talking about.
lets keep growing.

[Blockspace Forum @blockspaceforum]

What if we could make the Ethereum transaction journey and block construction process faster, cheaper, more flexible, censorship resistant, & robustness?

What if we could do this today?

This is what the Blockspace Forum is about. 🧵👇