web3 weekly

Share this post

in focus: auctions, research, trackers

a16zcrypto.substack.com

in focus: auctions, research, trackers

a themed edition

a16z crypto
Jun 19, 2022
40
Share this post

in focus: auctions, research, trackers

a16zcrypto.substack.com

1. Auction design for web3

Scott Kominers, Tim Roughgarden, Sonal Chokshi

Auctions are used in web3 for everything from NFT drops to block space itself -- as auctions, simply put, are ways of allocating scarce resources. But how does mechanism design work, in both theory and practice, when it comes to such permissionless contexts? Two of the top experts in these and related areas provide a quick overview of auction types, incentive design choices, and much more in the latest episode of ‘web3 with a16z’... Including sharing the nuances of “gas wars” and market-clearing prices; a quick explainer on EIP-1559; and tradeoffs plus principles for builders to consider.

listen to this episode of ‘web3 with a16z’

2. Research reads

  • On understanding fees in EIP-1559, pricing congestion, and “kind of a perpetual second-price auction” / Barnabé Monnot (2021)

  • On transaction fee mechanism design for the Ethereum blockchain, an economic analysis / Tim Roughgarden (2020)

  • On credible, truthful, and optimal auctions via cryptographic commitments / Matheus Ferreira and Matt Weinberg (2020)

  • On a comprehensive survey of privacy-preserving protocols for sealed-bid auctions / Ramiro Alvarez and Mehrdad Nojoumian, Computers & Security (2019)

  • On bots & priority gas auctions, frontrunning, more / Phil Daian, Goldfeder, Kell, Li, Zhao, Bentov, Breidenbach, Ari Juels (2019)

  • On cryptography miracles, secure auctions, matching problem verification and preventing collusion in Vickrey auctions / Silvio Micali and Michael Rabin, Communications of the ACM (2014)

  • On practical, secrecy-preserving, verifiably correct, trustworthy sealed-bid auctions / Parkes, Rabin, Shieber, and Thorpe, ICEC (2006)

  • On auctions vs. negotiations / Jeremy Bulow and Paul Klemperer, American Economic Review (1996)

3. Building blocks: explore trackers

  • L2 gas consumption / @funnyking

  • gas fee predictions / blocknative 

  • watch the burn / Nansen

  • client diversity / Ether Alpha

  • beacon chain explorer / Bitfly

  • token terminal 

  • bonus: many other “awesome crypto trackers” / via Denis Nazarov 


…
chicken selfies (h/t @skominers)

--Sonal Chokshi with Sam Ragsdale, Eddy Lazzarin, and a16z crypto team

You’re receiving this newsletter since you signed up for it on our website(s) or elsewhere (you may opt out using the ‘unsubscribe’ link below). Please note that this newsletter is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. Furthermore, the content is not directed at nor intended for use by any investors or prospective investors in any a16z funds. This newsletter may link to other websites or other information obtained from third-party sources, but a16z has not independently verified nor makes any representations about the current and enduring accuracy of such information. Please see a16z.com/disclosures for additional important details, including link to list of investments. 

Share this post

in focus: auctions, research, trackers

a16zcrypto.substack.com
TopNew

No posts

Ready for more?

© 2023 a16z crypto
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing