danrobinson

“Don’t use chains with centralized sequencers, since someday they might subtly extract value from you

Instead use decentralized sequencers that are guaranteed to extract maximum value from you, today”

I don’t think whether a sequencer is decentralized matters too much

What matters most is what rules they follow, and particularly whether they use their power to hurt users or extract value

You can have extractive decentralized sequencers, or nonextractive centralized ones

Any researchers at Solana Accelerate who want to meet up? DMs are open

Here's a mystery:

AMMs seem to be much more profitable when buying ETH than selling it

Look at how these cumulative markouts (grouped by direction) diverge over time

The pool made >$20m from its ETH buys, but lost >$24m from its ETH sells!

Any theories?