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

0xResearch

Layer 2 Tokens: A New Narrative

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A lot of liquid staking derivatives, those tokens have done really well. The Layer 2's arbitrum and optimism have done well. And I think that's going to continue to be a narrative because the next upgrade is Cancun Denov which is supposed to come in queue through this year. A lot of transaction activity holding pretty strong despite their job having been, you know, already passed.

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.