Mirror by @heyandreihey & @hadiesna
Mirror is uniswap hook designed to enable seamless copy trading.
Winner of @brevis_zk & @UniswapFND prize 👏
Project page: https://t.co/NFV4h1wQho
📹 https://t.co/cIwugBHVJx
Demo Day was incredible 😯
There were impressive presentations showcasing what's possible on @Uniswap v4, $30,500 in prizes awarded, and new lore introduced :)
Proof of immaculate vibes attached.
See thread below for a recap including recording of presentations, prize winners & link to the project showcase 👇
Idea Propagation in Crypto: A Case Study on MEV
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Thesis -> Antithesis -> Synthesis
Auctions -> FIFO -> CR + Auction -> Proposer commitments
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Problem: How to order transactions in a block?
--- Afaik Flashboys 2.0: first detailed description of problem scope by @phildaian (phd work with @AriJuels): https://t.co/lmnlVFhet3
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Thesis:
Idea: Auction the block.
Protocol: Validators sell the block to the highest bidder
Manifestation: MEV-geth, MEV-boost
@phildaian key proponent
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Antithesis:
Idea: Order transactions based on whichever transaction is received by a majority of validators earlier (FIFO = first in first out).
Protocol: Validators each submit their local ordering of the blocks, and the final ordering aggregates all the local ordering.
Manifestation: Theory - Aequitas (https://t.co/U9ppq1pGAi), Practical Protocol: Themis (https://t.co/riEWQKGPoH)
@_mahimna was key author of these two papers. He was a student of @AriJuels as well :)
@soubhik_deb and I collaborated with @_mahimna and @AriJuels on Themis.
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I was on the FIFO side and we used to have some heated discussions across the two groups (the auction gropu was the dominant one) :)
Here is a fun story. At the stanford conference Sep 2022, there was a panel with @drakefjustin@VitalikButerin@fradamt@phildaian and @zmanian
Someone asked "why does fifo make sense" and @VitalikButerin answered, tongue in cheek, "thats like asking a panel of vegans why factory farming makes sense" conveying the Auction-centric nature of this group :)
https://t.co/5g97UNWMri
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Synthesis:
- Idea: Censorship Resistant "Pre-Block", Auction to find the best ordering.
- Protocol: Include all transactions sent to a majority of users (using Themis-like protocol). Order them via auctions.
- Benefits: Prevents some types of toxic MEV (excluding liquidations via bribing etc), while still capturing CEX-DEX arbitrage MEV etc.
Most vocal proponent: @maxresnick :)
He even made a T-shirt called "End the proposer monopoly"
Manifestation: Multiple-proposer based ordering is being proposed in @ethereum , @solana, and now pretty much everywhere else.
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It is exciting to see these ideas converge!
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My vote for the best protocol for high-throughput censorship resistance is a paper by my former student Bowen Xue (who is a contributor to @eigencloud) created called BigDipper. It is a clearly highly biased vote.
https://t.co/GbQJQBz3EH
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If anyone is interested in experimenting with consensus protocols rapidly on @eigencloud, please DM me.
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Super Synthesis:
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Beyond CR+Auction, there are many more complex methods for proposer commitments.
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Beginning from our work on MEV-Boost++ (https://t.co/x0XbwUKAgn)
to our work on multi-commitment systems (https://t.co/7isLitg7EH)
Now there is a thread of work led by @barnabemonnot at EF, called PEPC (protocol-enforced proposer commitments).
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Many of these commitments can be built out of protocol on @eigencloud. Since EigenLayer uniquely supports native restaking, it allows all validators to equally receive rewards on such MEV enhancements, satisfying @ethereum non-centralization considerations. A new @eigencloud upgrade (https://t.co/6yyeLGObnQ) made native restaking even more affordable!
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With new technologies coming up like @Commit_Boost for adding arbitrary new sidecars, there is a lot of scope for experimenting and building new MEV management techniques both for the L1 as well as for L2s. If you are interested in building MEV management on @ethereum and want to explore @eigencloud please DM me.
What if I told you that the fate of your DeFi investments hinges on a basic high-school math formula?
Let's talk about Moving Averages (MA) in smart contracts
MAs smooth out price data over time, revealing underlying trends. In traditional finance, they're analysis tools. In DeFi? They're active players:
🔷Price Oracles: Stabilizing feeds for protocols
🔷AMMs: Dynamically adjusting fees and curves
🔷Lending: Managing interest rates and collateral ratios
🔷Stablecoins: Guiding supply adjustments
🔷Governance: Adapting voting parameters
But beware: Poor MA implementations can lead to vulnerabilities.
From Oracle manipulation to precision loss in smart contracts, these mathematical tools demand careful handling in the DeFi world.
Understanding MAs isn't just for traders anymore—it's crucial for anyone navigating the DeFi landscape.
Read more about Use Cases and Vulnerabilities for Solidity Smart Contracts in my article:
"Moving Averages — DeFi Math: Use Cases and Vulnerabilities"
https://t.co/RNAmuZOpBo
I designed a new type of MEV-resistant auction with @danrobinson, @0xvanbeethoven, and @ksrini_.
We've been exploring the emerging intersection of auctions, consensus, and MEV.
Our first creation is the Leaderless Auction, a decentralized auction with no auctioneer.
1/
I seriously see free speech as substantially endangered in Europe. It is good if people speak up against those threats that are unlikely to affect them directly.
Nine calm minutes by "Mr. Bean" worth watching, particularly if you think there is no issue.
I'm a reverse engineer and cybersecurity researcher with 13 years of experience, turned MEV searcher, and I want to share with you my tech stack and daily tools I use on a day-to-day basis in our MEV operation.
A thread 🧵
1/12
real yield on ETH. no emissions, no tokens.
realtime monitoring. full automation.
yes, that's 20% APR on ETH in the bear market.
--
iydknyk.
launching soon. ⏲️
RT and comment for early access. watch your DMs.
Modern hedonism is not about flying business class with a glass of champagne.
Modern hedonism is:
- watch the sky full of stars
- sit around the campfire with your friends
- walk barefoot on the grass
- swim in the cold sea or lake
- gather wild berries in the forest
what else?
El Pepe was too late and couldn't snatch the Early Bird role anymore. There will now never be more than 1000 early birds in the Fortress discord, ever, maybe in history.
"nobody knew"
Don't be El Pepe they said, and now look at you.