Ethereum Research - Latest posts

The-CTra1n:

My favourite term from last year (when there was a flicker of hope to push back against this EIP) was 7732 is an omnibus EIP, where the pipelining benefits were attached to the market dynamic degradations --the (im)perfect mix needed to get the core dev cabal who understand pipelining but don’t understand market dynamics as much to push it th...

tripoli:

This number is fairly misleading imo. Lots of it is from min-bid users; something like 98% of proposers are registered with at least one relay–some of that is stale, but the share of intentionally self-building is <5% today.

It’s not totally clear how this group’s behaviour will change with ePBS, but it seems likely that a lot of them will continue set...

jvranek:

agree they wouldn’t be relevant in supplying competitive bids but I think of p2p bids as a useful floor, the thinking is:

in PBS, relays are liveness-critical for private order flow that the local building fallback can’t satisfy p2p bids are a new fallback that can serve some private order flow this floor lets the mev market experiment more

I...

jtraglia:

Yes, a builder (the protocol entity) may only submit a single bid per slot, but builders (the person/organization) may operate multiple builders with different pubkeys. I expect builders will do this to submit many bids. I consider this to be a form of spam prevention; if you want to submit 1000 bids for the same slot, you will have to stake 1000 ETH.

...

I think there is an additional issue even before considering adversarial manipulation: the number of nominal sources is not the same as the amount of independent information.

Suppose an LLM observes K sources, but many of them ultimately repeat the same upstream signal. Under a simple equicorrelated error model, if each source has marginal error varian...