New post exploring the impact of issuance on Ethereum staking! A decentralized distribution of stake is important. Our analysis shows that stake distribution remains unaffected by the level of issuance.

Excited to release a new paper with @davidecrapis! We present a game theoretic model of simultaneous liquidity provision by passive LPs. We show that competition between liquidity providers causes a loss in total LP welfare that grows linearly with the number of passive LPs.

This paper shows the cost of permissionless liquidity provision in AMMs, check the full thread here 😀

ethereum protocol research /ethrd + Crypto x AI /dacc 

Bit of blue sky thinking on different models for the economic organisation of staking and protocol services more generally! A good exercise in trying to create a coherent model from many discussions that took place in the last few months https://ethresear.ch/t/unbundling-staking-towards-rainbow-staking/18683?u=barnabe

Robust Incentives Group @ Ethereum Foundation

https://rig.ethereum.org

Julian

@julianma