Why Shared Sequencers Didn't Work
In this thread I'll go over some high level definitions and then briefly cover my biased perspective on why Astria built a shared sequencer and why this didn't work how people thought it would.
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.’