Shared Sequencers in the Modular Stack | Josh Bowen, Ben Fisch

0xResearch

The Bear Capitulation of Kraken: A Preemptive Cool Throw

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Right now the withdrawal to use about 13 to 14 days, as you mentioned. Do you think that this is still like the initial wave of withdrawals that's kind of pushing that number up? And do you expect this to kind of trend higher or lower from here? Yeah, it's interesting because the queue like right after Shanghai wasn't really super high, but then over time sort of grew and grew. Whereas like a couple of days ago, I think it was 17,000 now or 21,000.

Join us on 0xResearch as Josh Bown (Astria) and Ben Fisch (Espresso Systems) join us to discuss the role of shared sequencers in the modular future. Josh and Ben explain how shared sequencers remove the risk of censorship, liveness and regulation for rollups while creating a layer for atomic composability. Will L2s choose to leverage a shared sequencer? What is the value proposition? Where will value and MEV capture occur? We discuss all of this and more!

And as usual, we start the episode with our analyst bullpen to discuss Voltz v2 cross-margining, Crypto's mobile-first UX improvement and an update on Arbitrum.

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Timestamps:

(00:00) Introduction

(00:59) Hot Seat/Cool Throne

(21:50) Interview Start: The Modular Stack

(24:23) The Role of Centralized Sequencers

(28:29) Lightspeed Promo

(29:10) Decentralized Sequencer Design

(36:28) Why Will L2s Use a Shared Sequencer?

(45:00) Cross-Rollup Atomic Composability

(53:12) Rollup MEV Capture

(1:01:00) A Winner-Takes-Most Market?

(1:04:20) Restaking: Aligning L1 and L2 Economic Value

(1:10:23) Who are the Ideal Users?

(1:14:33) Supported Virtual Machines

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Resources:

Voltz's new cross-margining product

https://twitter.com/voltz_xyz/status/1645741501002010624

Espresso Systems

https://www.espressosys.com/

https://twitter.com/EspressoSys

Astria

https://www.astria.org/

https://twitter.com/AstriaOrg

The Inevitability of UNIchain

https://medium.com/nascent-xyz/the-inevitability-of-unichain-bc600c92c5c4

Espresso on L1 and L2 economic incentive alignment

https://hackmd.io/@EspressoSystems/EspressoSequencer

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.