
SBB: The Path to Institutional Readiness
Infrastructure designed to meet the regulatory, operational, and financial needs of institutional-grade chains

Inside Ethereum Forward—Token2049 Singapore
Big financial institutions are starting to move onchain, but is Ethereum ready to meet the scale and regulatory demands of global finance?Radius: Trust, Transparency, and the Next Era of EthereumBig banks, asset managers, and TradFi’s most influential players are now relying on blockchain to power everything from stablecoins to RWAs and global payments. But is Ethereum truly ready to shoulder the demands of institutional finance, or are we still building toward that vision? We gathered leadin...

Quantifying the Value of CEX-DEX Arbitrage
Our 890-day data shows that this value is structural and suitable as a core L2 revenue asset.
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SBB: The Path to Institutional Readiness
Infrastructure designed to meet the regulatory, operational, and financial needs of institutional-grade chains

Inside Ethereum Forward—Token2049 Singapore
Big financial institutions are starting to move onchain, but is Ethereum ready to meet the scale and regulatory demands of global finance?Radius: Trust, Transparency, and the Next Era of EthereumBig banks, asset managers, and TradFi’s most influential players are now relying on blockchain to power everything from stablecoins to RWAs and global payments. But is Ethereum truly ready to shoulder the demands of institutional finance, or are we still building toward that vision? We gathered leadin...

Quantifying the Value of CEX-DEX Arbitrage
Our 890-day data shows that this value is structural and suitable as a core L2 revenue asset.


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Abstract
This article introduces the design for State Lock Commitment, a new blockspace commitment mechanism for Proposer-Builder Separation (PBS). Current inclusion-based commitments fail to guarantee execution consistency, leading searchers to adopt risk-averse strategies that reduce market efficiency.
We propose a dual-component approach that goes beyond simple inclusion promises. First, an Exclusion Commitment is issued: a builder-agnostic, upfront reservation that guarantees a specific state will not be altered by conflicting transactions. This is followed by a standard Inclusion Commitment (preconfirmation) for the bundle that wins the subsequent auction. Together, these commitments provide strong guarantees equivalent to Execution Commitment, allowing searchers to bid with greater confidence. The architecture includes a Gateway (for proposers) and a LockEngine (for builders), enabling proposers to auction exclusive state rights, prevent conflicts, increase revenue, and foster a more robust and efficient MEV market.
Read on Ethereum Research:
Abstract
This article introduces the design for State Lock Commitment, a new blockspace commitment mechanism for Proposer-Builder Separation (PBS). Current inclusion-based commitments fail to guarantee execution consistency, leading searchers to adopt risk-averse strategies that reduce market efficiency.
We propose a dual-component approach that goes beyond simple inclusion promises. First, an Exclusion Commitment is issued: a builder-agnostic, upfront reservation that guarantees a specific state will not be altered by conflicting transactions. This is followed by a standard Inclusion Commitment (preconfirmation) for the bundle that wins the subsequent auction. Together, these commitments provide strong guarantees equivalent to Execution Commitment, allowing searchers to bid with greater confidence. The architecture includes a Gateway (for proposers) and a LockEngine (for builders), enabling proposers to auction exclusive state rights, prevent conflicts, increase revenue, and foster a more robust and efficient MEV market.
Read on Ethereum Research:
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