Ethereum: A Dark Forest Post

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

There's a lot of amateur mev searchers, who I think are just sort of amazing how you've seen this actually happen. And we rely on that, for example, and like blend as a protocol that I worked on with the, with the blur team,. We also use Dutch auctions, because I love Dutch auctions. But if you know, you might get your NFT liquidated, if there wasn't an efficient market here.

Dan Robinson is GP and Head of Research at Paradigm. He, over the years, has done a lot of deep thinking about markets, auctions, and liquidity in DeFi, with a particular focus on Uniswap and Uniswap V3. Recently, Uniswap Labs released UniswapX, a new dutch auction mechanism, that Dan thinks changes the meta for swapping assets in DeFi, MEV, chain interoperability, and much more.

The last time Dan was on Bankless was September 2020…almost 3 years ago! If you have ever heard Ryan or I say the phrase “Ethereum is a dark forest”...it came from that episode.

------ 🚀Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionless

------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask

⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle ⁠

👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

------ TIMESTAMPS

0:00 Intro 6:00 Why UniswapX is Needed 11:09 What’s New About UniswapX? 14:00 Intents 16:25 The Magic Behind MEV Reduction 20:00 Order Flow Auctions 26:25 It’s Still Early 33:05 Who Are the Nanobots? 37:42 How Rollups Will Change 42:22 How Bridges Will Change 49:55 UniswapX Complements Uniswap v4 53:30 What Uniswap v4 Do for LPs? 59:15 LPing with Uniswap v4 vs. v3 1:04:11 Uniswap’s App Layer & Yields 1:06:05 Why Be Excited About Suave 1:09:55 Closing & Disclaimers

------ RESOURCES

Dan Robinson https://twitter.com/danrobinson https://twitter.com/danrobinson/status/1681061703818305536

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures ⁠