machinepatterns @machinepatterns
Joined July 2022-
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Airdrops are broken, and we're fixing them. Filament is excited to announce our solution, a new look, and the next chapter on how incentives work in crypto. Let's jump in.
Today we are announcing an ADR for the builder-module and the Interchain MEV Working Group, bringing more efficiency and effectiveness to markets and chains 🙌 Checkout the ADR 👉 github.com/cosmos/cosmos-… Join the group via 👉 groups.google.com/g/interchain-m…
Toxic order flow can damage markets. We break down what toxic order flow is and why it’s referred to as “bad” MEV. meka.tech/writing/toxic-…
@bertcmiller @fleupold_ build apps that minimize mev and maximize access to the remainder
2.2M submitted transactions on Osmosis. 85% of those transactions failed. We analyzed the atomic arbitrage space in @osmosis to confirm that blockspace is wasted with spam. meka.tech/writing/analys…
@Zdeadex @meka_t3k this environment variable needs to be set whenever you run your node with the mekatek patch. here are our docs: meka.tech/zenith#validat…
you wouldn't want your network to leak value to colo services and concentrate in one geo, would you? this is what solutions that rely on latency give you
people who are using the current situation on ETH to shill their prototype bags that when gamed out lead to extreme centralization and colocation, should be ignored. we are building global systems, and if you have no argument for minimizing the impact of latency, literally ngmi.
@dystopiabreaker x.com/zooko/status/1… this is one of the better threads imo
So apparently someone registered the ENS name "Wilcox.eth" and then bought a bunch of cryptopunks.
oh we aggregating
@bertcmiller @0x94305 which would be in favor of their argument that this is a centralising force, no?
@0x94305 it seems pretty clear to me that in general better coordination between block builders (same builder == perfect coordination) increases the amount of havoc they can wreak. gotta learn some lessons from voting systems
@ObadiaAlex @pintail_xyz @FrankieIsLost maybe take something from MACI to make it hard or infeasible to prove that you're the next leader
@ObadiaAlex @pintail_xyz @FrankieIsLost practical SSLE wen?
"ethical blocks" will be the eventual downfall of the interchain and any sort of dreams of composability across zones
Here's a great example, in the current data from PBS on Ethereum, Bloxroute's "ethical" (no front-running) blocks are in blue. They are the only meaningful ethical providers. How often were they chosen? Less than 1%. We claim Cosmos can have sustainably have 100% ethical blocks.
slide into my dms, if you want to work on this
Today we introduce Zenith, the First Maximum Aggregate Value (MAV) Market for the Interchain, revealing a new and necessary chapter after MEV. meka.tech/writing/introd…
Congratulations to Skip - @BPIV400 & @0xMagmar. Indeed, the entire value chain must be addressed for a sustainable future of the Interchain.
We are proud to announce that Skip Protocol has completed a $6.5 million seed round to support the development of MEV infrastructure for the Cosmos ecosystem! A little bit on why we're we're embarking on this journey below... 1/
@Cosmodiver @SkipProtocol @gadikian @osmosis @SecretNetwork not sure where i mentioned arbs but: a block producer can re-order tx in such a way that maximizes imbalances between amm pools to then arb the diff. if that is not mev, then what is?
@SkipProtocol @Cosmodiver @gadikian @osmosis @SecretNetwork and even if the app gets better (batch auctions for example) there are still plenty of things that could be done
@SkipProtocol @Cosmodiver @gadikian @osmosis @SecretNetwork if mev is not addressed at the app level then you can either internalize it and make it accessible to everyone equally or are doomed to just shuffle it to another layer where it's going to be captured, bad or not
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