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econ.TH2025
SPARC: Staking Performance And Reward Coopetition
Michael D. Norman, Simon Brown, Mallesh Pai +1
This paper presents a novel staking coopetition design aimed at incentivizing decentralization and continuous growth of economic security within a proof-of-stake system. Staking re…
econ.TH2024
Centralization in Attester-Proposer Separation
Mallesh Pai, Max Resnick
We show that Execution Tickets and Execution Auctions dramatically increase centralization in the market for block proposals, even without multi-block MEV concerns. Previous analys…
econ.TH2024
Optimizing Exit Queues for Proof-of-Stake Blockchains: A Mechanism Design Approach
Michael Neuder, Mallesh Pai, Max Resnick
Byzantine fault-tolerant consensus protocols have provable safety and liveness properties for static validator sets. In practice, however, the validator set changes over time, pote…