ETHGlobal · Oct 9, 2024

What happens when rollups sacrifice MEV for decentralization? In this fireside chat at Pragma Istanbul 2023, Ethereum Foundation’s Justin Drake moderates a deep dive into shared sequencing, based rollups, and the future of MEV between Tomasz Stanczak (Nethermind), Josh Bowen (Astria), Daniel Wang (Taiko), and Mark Tyneway (Optimism). This panel explores the emerging design space of shared sequencing, cross-domain MEV, the trade-offs of based rollups, and how sequencing layers and cryptographic tools like encrypted mempools will shape Ethereum’s scaling and UX. Topics include network effects, MEV minimization, cross-rollup composability, decentralized sequencing, liquidity flows, and game-theoretic governance between rollups and sequencers. Whether you're building a rollup, researching sequencing architecture, or trying to understand MEV economics, this conversation is an essential guide to the rapidly evolving world of modular Ethereum and shared infrastructure. 00:00 Intro: Key takeaways from previous panel 00:44 Homogeneous vs heterogeneous shared sequencing 01:57 Long-term consolidation vs short-term experimentation 02:43 External vs based sequencers explained 04:13 Panelist intros and extra takeaways 05:46 Challenges in open collaboration across L2s 08:14 Rethinking L1-L2 relationships for cross-chain 09:30 Taiko's minimalist approach and booster rollups 10:11 What is a based rollup and the MEV Gambit? 11:25 How to split cross-domain MEV fairly? 13:05 Governance complexity with many rollups 14:54 Power dynamics in sequencer-rollup negotiations 15:51 Simple calculations, complex MEV splits 17:32 Lack of global price reference in MEV splits 19:07 Social scalability limits for shared sequencers 20:20 Business logic vs technical MEV distribution 22:08 When giving up MEV makes sense 23:38 Data limitations and oracle manipulation 24:19 Can MEV go to zero over time? 26:16 DeFi on-chain reduces arbitrage MEV 28:03 MEV shifts from proposers to other actors 29:59 Unsophisticated flow and persistent MEV 31:04 Do encrypted mempools just shift MEV operators? 32:57 Delay encryption and decentralized mempools 34:04 Injection MEV still survives encryption 35:15 Sandwich protection in decentralized sequencing 36:44 Suave and trusted RPCs for user flow 38:10 What decentralized sequencing really means 39:13 Permissionless vs permissioned sequencer sets 40:29 Using governance and reputation in sequencing 41:05 Wrap-up and closing remarks _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇹🇷 *Pragma Istanbul* The sixth edition of Pragma took place in Istanbul in November 2023 with a curated series of high-quality talks that sparked thought and discussion. Pragma Istanbul 2023 was an opportunity discuss the future of web3 and reflect on the past. Watch the full Pragma Istanbul 2023 playlist here: https://youtube.com/playlist?list=PLXzKMXK2aHh4rHV1H4J7y0wDok4bIS17t&si=lb8ttkU1HS2tpnUP ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow *ETHGlobal* X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

EthCC · Jul 18, 2024

Talk about alignment of interests between users of a protocol and how it's now technically possible (with EIPs and tokenomics). Would be wonderfull with Abdelhamid Bakhta from Starkware. The video features Alita Kalbatai, who has 11 years of experience in cryptocurrency and has been involved in non-profit activities in France and business for several years. She discusses the concept of alignment in cryptocurrency, emphasizing its importance for the sustainability and robustness of systems. Alita argues that aligning individual interests with collective goals is crucial and explores this idea through the lens of game theory and the concept of "conscious agents" who prioritize a common objective over self-interest. She suggests that by changing the agents rather than the game, more effective economic interactions can be designed within cryptocurrency systems to achieve strong equilibrium between self-interest and communal benefit.

Kartik Talwar, Tarun Chitra

ETHGlobal · Oct 9, 2023

Join Tarun Chitra (Founder of Gauntlet) and Robert Leshner (Founder of Compound and Superstate) in a high-level fireside chat at Pragma New York 2023, hosted by Kartik Talwar. This conversation explores the evolving landscape of DeFi, game theory, mechanism design, on-chain asset tokenization, multi-chain interoperability, MEV, ZK proofs, smart wallets, MPC, and what it will take to make DeFi truly Wall Street-grade. Tarun and Robert share candid insights on where DeFi is succeeding, where it’s still falling short, and the infrastructure shifts required to unlock the next wave of innovation. Whether you’re a founder, developer, investor, or just curious about the future of finance and decentralized systems, this talk will inspire you to think deeper about composability, fragmentation, UX, and the technical challenges ahead. 00:00 Intro: Tarun Chitra & Robert Leshner 00:45 Why Robert left Compound to build Superstate 01:48 The $900T opportunity: Bringing assets on-chain 03:27 What Gauntlet does and why mechanism design matters 05:02 Simulation examples: Average vs worst-case risk 07:07 Cross-chain MEV and L2 mempool complexity 08:16 DeFi's future: Not products, but info flow 10:35 The ZK boom and fragmented asset domains 11:37 Redefining composability across chains 13:12 Fragmentation and synchronous liquidity 14:13 Synthetic assets, bridges, and trust 15:14 Telegram bots, MPC, and asset abstraction 16:21 Revisiting Compound Chain and bridge risk 19:30 Appchains vs major L2s: UX and asset flow 20:34 UX upgrades: Rules-based vs transaction-based 22:35 Custody and rethinking protocol architecture 24:07 Moving beyond depositing funds into contracts 25:17 ZK use cases beyond rollups 26:49 What it takes to make DeFi Wall Street-grade 28:19 Final advice for DeFi founders _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇺🇸 *Pragma New York* The fifth edition of Pragma took place in New York in September 2023 with a curated series of high-quality talks that sparked thought and discussion. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. Watch the full Pragma New York 2023 playlist here: https://youtube.com/playlist?list=PLXzKMXK2aHh6xsRbmx2niHEDyOyt1mddu&si=6Ic960b2hQyz9RGw ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Ever since we first introduced our new event series, Pragma, in Tokyo in the spring of 2023, we have been fostering a curated, global community of individuals who deeply care about web3. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow Kartik Talwar* X: https://x.com/therealkartik Warpcast: https://warpcast.com/kartik ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Ethereum Madrid · Oct 9, 2017

Sandra y Antonio de EthereumMadrid nos hacen una introducción de lo que hay detrás del concepto de cryptoeconomics: - Economics para Cryptographers - Network + Cryptography + Game Theory - Schelling Points - Modelos de consenso y Posibles ataques Somos EthereumMadrid: http://ethereummadrid.com Apúntate a nuestro Meetup: https://www.meetup.com/preview/Cryptoeconomics-Madrid Entra en Slack: mandamos un correo a ethereum.madrid@gmail.com Entra en Telegram: https://t.me/ethereummadrid