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Content
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Tarun Chitra pfp
Tarun Chitra
@pinged
Going to give a *sneak peak* about this paper w/ @ksk and others to FC before Twitter! There's been a surge of interest in intent-based systems like @uniswapX or CoW Swap — their claim has been to help improve the acquisition of off-chain price data on-chain But do they work?
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Tarun Chitra pfp
Tarun Chitra
@pinged
In general, there is often the advice that you get in auction mechanism design of, "it is better for revenue and/or welfare to have more bidders in an auction than to have a better reserve prices/parameters" In fact, this is the content of the Bulow-Klemperer theorem! https://www.cs.tau.ac.il/~fiat/mdsem12/amd05.pdf
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Benjamin
@0xfunk
Really interesting findings. I wonder how much the ability for solvers to commit to partial fills would help here with the congestion costs?
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DeFi Cheetah pfp
DeFi Cheetah
@deficheetah
Would like to know how solvers incur congestion fees due to the lack of inventory, even before they secure the exclusive rights to the orderflow by winning the auction. Don’t they merely simulate the execution such that congestion fees don’t price in?
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DeFi Cheetah pfp
DeFi Cheetah
@deficheetah
Finally!
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3LAU
@3lau
100000 $degen 💎
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Noah Bragg 🔥 pfp
Noah Bragg 🔥
@nbragg
Awesome! Thanks for sharing here. 5000 $degen.
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TheModestThief🎩
@thief
@unjumble
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Dcjanio
@economist
Great work ser!
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Yurii | Wallchain
@kyparus
Would you be open to share how simulations where made?
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