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MaxResnick1
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Idk who needs to hear this but an oracle update is also a cancel when the AMM quotes around the oracle update.
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MaxResnick1
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"Why is p90 wait time on ping thing still so long?" I think most people (who work on fee markets) understand that wait time in a FIFO m/m/1 queue with excess capacity is long tailed. That is most of the time you arrive when the queue is empty but some small % of the time the queue is full and when its full the wait time is super long in expectation when this happens. What people might not realize is that this is also the case for priority queues for any given priority level. Supose you are paying a priority fee that is higher than 30% of the other incoming traffic. Then your wait time in the priority queue is at least as long as under the FIFO queue with 70% load, and probably higher and much longer tailed because if you are sitting in the queue, any transactions with a higher priority fee that arrive go before you.
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Solana is not focused on CLOBs, FCFS, cancels before takes, or any other market structure. There are no Zealots here, only pragmatic people who want the tightest most liquid markets to exist on Solana. Whichever market structure leads to that is fine with us. But the reality today is that if an app wants to expirement with some new market structure Solana isn't the place to do that. Applications don't control their own sequencing on Solana, Validators do. That is not going to work long term.
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The lion does not concern himself with the underlying market structure he is trying to build his defi app on.
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Live footage of people who said blockchains couldn’t scale, and that nobody would use the SVM because the EVM moat was too big claiming that a general purpose blockchain cannot have application specific sequencing.
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The idea that a general purpose blockchain cannot have application specific sequencing is now being pushed by the very same geniuses who told you that blockchains couldn’t scale. Solana proved them wrong before and we are going to prove them wrong again.
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