报告题目： Allocative Inefficiencies in Public Blockchains, MEV, and Private Transactions

报告时间：2023年11月30日上午10:00

报告地点：十大菠菜网正规平台B404会议室

报告人：王也

报告人国籍：中国

报告人单位：澳门大学

报告人简介： Ye WANG is an Assistant Professor in the Department of Computer and Information Science at the University of Macau. He received his Ph.D. and M.S. from ETH Zurich and his B.S. from Peking University. His current research interest is in blockchain, decentralized finance, human-computer interaction, and security. His research has appeared attop-tier venues, e.g., CHI, IJCAI, WWW, AEA P&P, INFORMS. His research focuses on analyzing the interactive behaviors of online communities and exploring security issues in distributed systems.

报告摘要： The transparent observability of pending transactions in public distributed ledgers leads to suboptimal allocation of blockspace. We show that augmenting public distributed ledgers with private transaction submission pools can reduce allocative inefficiencies and raise welfare. Full private pool adoption, while socially desirable, may not be attainable in equilibrium if it limits validators' rent extraction from frontrunning opportunities. To align validator incentiveswith the social optimum, we propose a pay-for-private transaction flow design where frontrunnable users subsidize validators for the loss of maximal extractable due to full adoption of private pools.

邀请人：程大钊、胡创