Tarun Chitra pfp
Tarun Chitra
@pinged
One of the most interesting things that those in Ethereum can learn about from Solana is Jito's MEV auction; here are some high level differences: 1. # of auctions isn't fixed per slot; dynamically changes based on txns 2. Set of auctions implicitly defines a DAG of state priority 3. Often more efficient than PBS (!)
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Rohan Shrothrium pfp
Rohan Shrothrium
@0xtrojan
Do you think we can use the fact that there is randomness when you contend for the same state to have some sort of order policy enforcement(basic one is disincentivize frontrun/sandwich)? I have gathered my thoughts regarding this in this post. https://hackmd.io/@0xtrojan/bullshark_poh
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Tarun Chitra pfp
Tarun Chitra
@pinged
Technically there is no mechanism that works since there are combinatorial lower bounds on fairness: https://arxiv.org/abs/2309.14201 But if your payoff is smooth enough (like a cfmm) then yes, you can get something like differential privacy: https://eprint.iacr.org/2021/1101.pdf
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Tarun Chitra pfp
Tarun Chitra
@pinged
But there definitely does not exist an oblivious (i.e. payoff independent) mechanism for fair ordering like systems; you need to specialize it to the payoff
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