Uri Klarman ⚔
Uri Klarman ⚔
ACE−22,63 %
JTO0,00 %
SOL−0,54 %
JUP−5,33 %
to BAM or not to BAM? đŸ€”đŸ’€ here's the: ✅Good apps control Tx order (ACE) makes Solana DEXs competitive (tighter spreads) ❌BAD validators accept Tx *ONLY* from BAM no longer accept Tx from Solana network đŸ‘čUgly Jito gatekeep ACE "plugins" 1/6
✅Good - ACE is super valuable! Solana must compete with single-sequencers, eg HL which put makers Tx before takers some (@trentdotsol, Michael from FD) think "increasing tps solves this" but I'm with @MaxResnick1 - Solana must compete TODAY /2
Max Resnick
Max Resnick
Solana is taking major steps to become the home of Internet Capital Markets. Here is a deep dive into what that means for builders and end users. đŸ§”đŸ‘‡
Gallery 1
❌BAD - for BAM to work ALL Tx must go thru it validators will stop including Tx they see directly from the Solana network BAM decides the order & sends Tx in-order to be executed by the validator. so why do we even need decentralized validators?đŸ€·â€â™‚ïž rubberstamps ftw! /s /3
đŸ‘čUgly - Jito needs to gatekeep plugins if they don't - searcher adds plugin that puts his Tx first - all BAM nodes run it this means new apps cannot quietly & permissionlessly experiment - they need Jito to let them /4
can we do better? YES - leader decides ordering - apps permissionless create prio-accounts (eg jup_prio1_xxx, jup_prio2_xxx) - protocol revert Tx w/o right read-lock right prio-account why validators follow this order? *apps* pool user fees, pay validators, ban rouges /5
is there nuance here? you bet! but my 3 main takeaways are: 1ïžâƒŁ ACE is super valuable 2ïžâƒŁstrong disagree Solana should outsource *ALL* Tx ordering to another protocol 3ïžâƒŁSolana can achieve ACE w/o this "outsourcing" and we're building it 😎 6/6
@KultureElectric @jito_sol @buffalu__ @brian_smith_0 btw - not sure why @michaelh_laine is totally ok with this strategy he gave me hell for Paladin GH being invite-only initially I expect him to hold Jito to the same standard (BAM decides *all* Tx included by leaders, Paladin just slightly affected it)
LĂ€hde:twitter
7,92 t.
0
TÀllÀ sivulla nÀytettÀvÀ sisÀltö on kolmansien osapuolten tarjoamaa. Ellei toisin mainita, OKX ei ole lainatun artikkelin / lainattujen artikkelien kirjoittaja, eikÀ OKX vÀitÀ olevansa materiaalin tekijÀnoikeuksien haltija. SisÀltö on tarkoitettu vain tiedoksi, eikÀ se edusta OKX:n nÀkemyksiÀ. SitÀ ei ole tarkoitettu minkÀÀnlaiseksi suositukseksi, eikÀ sitÀ tule pitÀÀ sijoitusneuvontana tai kehotuksena ostaa tai myydÀ digitaalisia varoja. SiltÀ osin kuin yhteenvetojen tai muiden tietojen tuottamiseen kÀytetÀÀn generatiivista tekoÀlyÀ, tÀllainen tekoÀlyn tuottama sisÀltö voi olla epÀtarkkaa tai epÀjohdonmukaista. Lue aiheesta lisÀtietoa linkitetystÀ artikkelista. OKX ei ole vastuussa kolmansien osapuolten sivustojen sisÀllöstÀ. Digitaalisten varojen, kuten vakaakolikoiden ja NFT:iden, omistukseen liittyy suuri riski, ja niiden arvo voi vaihdella merkittÀvÀsti. Sinun tulee huolellisesti harkita, sopiiko digitaalisten varojen treidaus tai omistus sinulle taloudellisessa tilanteessasi.