sam___iamm

co-founder @useFirewall prev @PrimitiveFi @staked_us

[sam___iamm @sam___iamm]

Firewall all the EVMs 🚀

[The Block @TheBlockCo]

Security infrastructure firm Firewall raises $3.7 million in pre-seed funding https://t.co/OKGzyIQOGt

[sam___iamm @sam___iamm]

@PossibltyResult @variantfund Congrats!!

[sam___iamm @sam___iamm]

@liamihorne Cursor PWA is pretty sweet https://t.co/RyoAyXM4LI

[sam___iamm @sam___iamm]

You can see here in `swap` the auction winner's fee is set to zero and anyone else is set to `public_fee`: https://t.co/o8ACiPGVW9

[sam___iamm @sam___iamm]

This looks to be almost the exact mechanism we had designed at Primitive. Auction off the right to swap at a discounted fee relative to other traders. https://t.co/iJW2wdElYH

Unfortunately we never took it to production. At a minimum, I regret that we were not more externally vocal about the design at the time.

I'm excited to see if this succeeds in the real world! If it does, it will be a mixture of pride in the mechanism work we did and regret that we didn't pull through on it.

[ciamac moallemi @ciamac]

Alongside the UNIfication proposal, Uniswap researchers just dropped a new paper: “The Protocol Fee Discount Auction (PFDA)”. This is a novel mechanism that boosts protocol inflows and makes LPs more profitable.

Let’s unpack 🧵

[sam___iamm @sam___iamm]

We designed and implemented this at Primitive! Unfortunately it didn't make this into production.

We called the right to swap at the discounted fee (0%) a "swap right".

Distributing the auction proceeds with concentrated liquidity is one part I'm not sure we got right. We distributed it based on a positions' time in-range during the discounted fee period, similar to swap fee distribution w/ all the tick liquidity accounting.

[sam___iamm @sam___iamm]

The "swap right" was the right to swap at a lower fee than other traders for a period of time, so the design was actually more like this paper: https://t.co/vdCXE6txrl

[ciamac moallemi @ciamac]

Alongside the UNIfication proposal, Uniswap researchers just dropped a new paper: “The Protocol Fee Discount Auction (PFDA)”. This is a novel mechanism that boosts protocol inflows and makes LPs more profitable.

Let’s unpack 🧵

[sam___iamm @sam___iamm]

In late 2022 @PrimitiveFi we built a concentrated liquidity AMM that auctioned off swap rights. It accrued auction proceeds to LPs based on how long they were in-range.

Check out the prototype: https://t.co/RWJCVy23sx

[Dan Robinson @danrobinson]

Introducing the auction-managed AMM!

A new AMM design that:

⚖️ Reduces LVR
⚙️ Optimizes swap fees
📈 Smooths LP returns
🌊 Should attract higher liquidity than any fixed-fee AMM

New paper with @ciamac (@paradigm / @Columbia_Biz) and @aadams @saraareynolds (@Uniswap)

[sam___iamm @sam___iamm]

We have to get to a state we trust code (DeFi) more than multisigs. The UX is already on par. We need to level-up smart contract security next. Redundancy is key.

[Firewall @UseFirewall]

Firewall is an AI agent protecting DeFi.

We're taking sequencer level security to another level. The future of crypto is an enshrined security layer that enables billions to deploy liquidity securely. 💦

Safe blockspace is the endgame.

[Firewall @UseFirewall]

Due to current market conditions i now identify as a superfast, provably neutral processor that’s instrumented with A.I. models to filter out smart contract exploits

[Firewall @UseFirewall]

Crypto x AI ✓
Speed x Security 🏁
Safe Blockspace [████] 100%

Billions must flow onchain, but zero exploits is the only way forward. Our mission: safe blockspace for users and applications. Firewall your rollup and let the liquidity flow safely. 💦

https://t.co/KgyX8CtgvP

[Devan | Firewall @iamoptmstc]

LM! I’ve joined the @CelestineSloth movement.

Why? @UseFirewall is building safe blockspace for the modular expansion. Our Safe Sequencer filters out exploits, and makes sure 🦥's can stay lazy and carefree.

See my clip with @therollupco, and why the future is speed X security

[Firewall @UseFirewall]

@Route2FI That blockspace where users get constantly robbed is not the future of finance

Safe blockspace will be standard. Crypto-networks today are as unprotected as early internet bandwidth

[Andy @andyyy]

This is pretty cool, "safe sequencing" as a concept for rollup operators to help create a more secure execution environment.

Reminds me of moveVM w/ formal verification embedded. Maybe institutional capital would be more keen to deploy onchain with these types of setups?

[Devan | Firewall @iamoptmstc]

@andyyy @UseFirewall Dynamic analysis is 🐐’d

safe blockspace is end game

[sam___iamm @sam___iamm]

One of the amazing properties of L2s is that we can design a system like this that falls back to the full censorship resistance of L1 with a “click of a button” I.e. proof of censorship

[sam___iamm @sam___iamm]

Our Safe Sequencer design is essentially this. The Safe Sequencer needs the ability to censor exploits so you grant them extra power then if you detect censorship you can submit a proof to L1 and automatically revoke their extra power.

[Georgios Konstantopoulos @gakonst]

@sreeramkannan @toly @drakefjustin Light clients detecting censorship would be a powerful primitive for automated soft forks in case of chain capture, huge missing piece

[sam___iamm @sam___iamm]

Our Safe Sequencer allows L2s to differentiate their blockspace by making it safer to use, which is what users care about the most.

[Andy @andyyy]

as an onchain user, what is most important to you on any given blockchain?

[Devan | Firewall @iamoptmstc]

Instead imagine a sequencer which can only provably censor exploits, and can’t arbitrary censor transactions such that the rollup remains credibly neutral

This is what @UseFirewall Safe Sequencer does via the Firewall EVM - uses exploit proofs to filter txns at block construction

[sam___iamm @sam___iamm]

Provable exploit detection in the Safe Sequencer stopping exploits - no ability to arbitrarily block users.

My favorite application of zkML is proving exploit detection 🧰 🔥

[Devan | Firewall @iamoptmstc]

@UseFirewall’s Safe Sequencer does exactly this. Provably only censor exploits, and protect user funds

More docs and code being shipped 🔜, stay tuned

[Firewall @UseFirewall]

The Safe Sequencer is built to provably only censor exploits in a neutral manner.

This system protects a non-malicious user’s rights on a rollup, while still protecting funds