Dan Romero
@dwr.eth
Welcome to @pinged, founder of Gauntlet! He's kindly agreed to do an AMA—starts in 30 minutes. Reply with your questions!
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EulerLagrange.eth - shitpost/acc
@eulerlagrange.eth
You wrote a great paper on the economics of EigenLayer or shared security more broadly. Do you think cheap/abundant security for a protocol removes the need for most infra token designs? How bullish are you on the dual staking model?
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Tarun Chitra
@pinged
I guess the question is what you need security for; there are definitely applications where this is immediately true (e.g. MEV, pre-confs) which make up the revenue distributing AVSs/networks [e.g. primev] But I'll give you a question: Suppose I enter a SaaS agreement with a particular SLA. The vendor doesn't uphold the SLA; how big of an infraction does it need to be for me to sue them? This is one of the questions you have to ask when assessing the minimum threshold for where you need security; money (e.g. a PoS network) and financial applications (DeFi) obviously needs it for arbitrary sized infractions. Non-financial applications, however, do not seem to have a clear defined "minimum security budget"
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