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Knowledge HackerWhat is Paradigm? A Crypto-native Venture Capital
Paradigm is co-founded by the former co-founder of Coinbase and the ex-Sequoia Capital partner. It is now heavily investing in crypto with the multi-billion fund. In January 2021, there was a major correction of Bitcoin price. The global crypto market capitalization was shrinking fast then, from $2.9 trillion to $1.6 trillion in just a few months. It evaporated millions of dollars of crypto assets in altcoins. Despite the inevitable price correction, there is an entity in crypto that can supp...
Knowledge HackerWhat is Spartan Capital? Everything you need to know about Spartan Capital
I have read this amazing article from Coin98.net. If you want to see more alphas and insights, please visit the website for more details. Spartan Capital is an emerging Venture Capital in crypto since it aggressively invests in projects in the early stages. Spartan Capital is one of the most aggressive venture capitals in the crypto land as its name after the Spartan Warriors. And in this article, we will walk you through Spartan, which covers:Spartan Overview.The portfolio analysis.The perfo...
Knowledge HackerA deep dive into Dopex and Ribbon
This article is from knower Substack, which contains a lot of alpha and insights, if you like this please give him a follow.Trial by fireIn late May of 2021, Crypto Twitter was introduced to a chain checking sleuth that goes by the name @gabagooldoteth. While doing some typical detective work, gabagool (as ill refer to him as for this article) discovered something suspicious occurring over at Ribbon Finance. Gabagool discovered that an address related to the nowdefunct Divergence Ventures VC ...
Knowledge HackerWhat is Paradigm? A Crypto-native Venture Capital
Paradigm is co-founded by the former co-founder of Coinbase and the ex-Sequoia Capital partner. It is now heavily investing in crypto with the multi-billion fund. In January 2021, there was a major correction of Bitcoin price. The global crypto market capitalization was shrinking fast then, from $2.9 trillion to $1.6 trillion in just a few months. It evaporated millions of dollars of crypto assets in altcoins. Despite the inevitable price correction, there is an entity in crypto that can supp...
Knowledge HackerWhat is Spartan Capital? Everything you need to know about Spartan Capital
I have read this amazing article from Coin98.net. If you want to see more alphas and insights, please visit the website for more details. Spartan Capital is an emerging Venture Capital in crypto since it aggressively invests in projects in the early stages. Spartan Capital is one of the most aggressive venture capitals in the crypto land as its name after the Spartan Warriors. And in this article, we will walk you through Spartan, which covers:Spartan Overview.The portfolio analysis.The perfo...
Knowledge HackerA deep dive into Dopex and Ribbon
This article is from knower Substack, which contains a lot of alpha and insights, if you like this please give him a follow.Trial by fireIn late May of 2021, Crypto Twitter was introduced to a chain checking sleuth that goes by the name @gabagooldoteth. While doing some typical detective work, gabagool (as ill refer to him as for this article) discovered something suspicious occurring over at Ribbon Finance. Gabagool discovered that an address related to the nowdefunct Divergence Ventures VC ...
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This articles is from @0xMisaka which contains a lot of insights, If you like it please give him a follow.
Solana currently only has an internal mempool of pending TXs and not external/public. This means MEV opportunities only exist in terms of
Running your own validator
Inspecting TXs that come your way
Running your own MEV code on top (not easy but feasible)
There is also no fees market, so there is no way for MEV searchers to incentivize validators to order Txs based on fees 'yet'!
Currently, Validators can only produce blocks according to their stake weight. Since TXs fees on Solana are low and MEV opportunities can bring validators more profit, Validators are incentivized to auction off their block space to searchers.
https://docs.solana.com/cluster/leader-rotation…
@jito_labs is currently working on custom validator software similar to mev-geth to democratize MEV opportunities and expose validators' mempool and introduce fees market
Does that mean that gas fees on Solana will be more expensive? Yes and No. Solana is currently planning to introduce a local fees market at the Account Level.
https://github.com/solana-labs/solana/issues/22820…
So, for example, even if there is a higher fee on the Serum SOL-USDC pair because of significant activity, trading on the USDT-USDC pair shouldn't be affected.
Overall, this seems like a good path for Solana to take. The introduction of Qos by stake weight and local fees market would likely decrease network congestion and the impact of the DDOS attack.
https://twitter.com/aeyakovenko/status/1486349045635465218?s=21…
This articles is from @0xMisaka which contains a lot of insights, If you like it please give him a follow.
Solana currently only has an internal mempool of pending TXs and not external/public. This means MEV opportunities only exist in terms of
Running your own validator
Inspecting TXs that come your way
Running your own MEV code on top (not easy but feasible)
There is also no fees market, so there is no way for MEV searchers to incentivize validators to order Txs based on fees 'yet'!
Currently, Validators can only produce blocks according to their stake weight. Since TXs fees on Solana are low and MEV opportunities can bring validators more profit, Validators are incentivized to auction off their block space to searchers.
https://docs.solana.com/cluster/leader-rotation…
@jito_labs is currently working on custom validator software similar to mev-geth to democratize MEV opportunities and expose validators' mempool and introduce fees market
Does that mean that gas fees on Solana will be more expensive? Yes and No. Solana is currently planning to introduce a local fees market at the Account Level.
https://github.com/solana-labs/solana/issues/22820…
So, for example, even if there is a higher fee on the Serum SOL-USDC pair because of significant activity, trading on the USDT-USDC pair shouldn't be affected.
Overall, this seems like a good path for Solana to take. The introduction of Qos by stake weight and local fees market would likely decrease network congestion and the impact of the DDOS attack.
https://twitter.com/aeyakovenko/status/1486349045635465218?s=21…
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