Here is a longer form take.
A truly based rollup, which operates without a trusted gateway, is ordered by L1 validators or builders. Those actors will try to maximize MEV extraction from the based rollup. This may be "aligned" with Ethereum (MEV goes to the L1 validator) but it is suicide for the rollups. Because the... See more
A few months ago I was at a conference where Robin Hanson spoke about prediction markets.[1] He argued that given how much of companies' outcomes are driven by who they choose to hire, and how non-rigorous the process of selecting employees and revisiting those selections is, there's a literal trillion-dollar opportunity in getting it right.... See more
he task force would spend over a year crafting a unique solution: a specialized currency called shares that went into an auction system that combined market efficiency and equitable distribution. To design the system they drew on the principles of market design, which Nobel Prize winning economist Al Roth called ‘the economist as engineer.’