SMG (@specialmech) / X

SMG

154 posts

SMG

@specialmech

@Consensys Special Mechanisms Group is a blockchain research & development organization building economic computers for the future global economy.

Joined April 2023

SMG reposted
Consensys.eth
@Consensys
May 7, 2025
Ethereum's latest network upgrade, Pectra, just went live, at epoch 364032! Pectra is packed with powerful changes - smart accounts, enterprise-grade staking, and L2 performance boosts. Here’s why Pectra is a massive and exciting update that will change the face of web3.🧵👇
00:00
5.1M
SMG reposted
Mallesh Pai
@malleshpai
Apr 1, 2025
While your TL is cluttered with questionable April fool's gags, here's a palette cleanser by @mikeneuder, @mkalinin2, and myself--- an article describing and motivating our recently proposed EIP-7922 improving voluntary validator withdrawals (1/n)
3.9K
SMG reposted
Mallesh Pai
@malleshpai
Mar 18, 2025
With the renewed institutional interest in Ethereum staking, many are taking a closer look at validator exits. We found that there was less clarity about Ethereum's exit process in public writings, so we decided to fix it. Here's a quick ELI5 (with @mikeneuder): 🧵👇
6.9K
SMG
@specialmech
Jan 28, 2025
Scale the L1
Consensys.eth
@Consensys
Jan 28, 2025
Consensys believes that for Ethereum to realize its ambition to be the maximally decentralized world computer, we need to scale the base layer in parallel to our L2 roadmap. Consensys and @MetaMask validators are signaling a gas limit increase, along with more than 40% of
1.9K
SMG
@specialmech
Dec 12, 2024
Consensys SMG is built around a simple belief: web3 is a cryptoeconomic system. To succeed, both the crypto and economics must be done at a pro level. We are excited to welcome one of the world’s leading economists to SMG as Principal Researcher: Philipp Strack @philipponchain
27K
SMG
@specialmech
Dec 12, 2024
Replying to @specialmech
We are tackling mechanism design and game theory problems across the stack – from protocol-level challenges like censorship resistance, transaction fee design, and BRAID, to dApp-level questions like "how should a DEX be designed?"
1.5K
SMG
@specialmech
Dec 12, 2024
You can work with our researchers, or better still, try to nerdsnipe them, by reaching out to us directly @specialmech, or via @malleshpai.
1.3K
SMG reposted
Max Resnick
@MaxResnick
Jul 3, 2024
MEV is fundamentally about control. The proposer has control of which transactions make it into blocks and which order they appear in. In other words MEV is all about censorship and reordering. The good news is that fixing this is possible! 1/5 I explain how in a new post:
39K
SMG
@specialmech
Jun 12, 2024
NEW RESEARCH "Optimizing Exit Queues for Proof-of-Stake Blockchains: A Mechanism Design Approach" Changing validator sets over time potentially erodes proven security of fault-tolerant consensus protocols. by @mikeneuder, @malleshpai, @maxresnick mechanism.org/spec/06
22K
SMG reposted
Tivas Gupta
@gupta_tivas
Feb 15, 2024
Another version of the GIF which highlights how dramatic the base fee shifts are. Also note how many mempool transactions pile up when there is a high base fee!
GIF
SMG
@specialmech
Feb 15, 2024
We Fixed 1559! 🎉 A misspecification of EIP-1559’s update parameter is causing increased delays and higher gas fees. In SPEC-04, we suggest slowing down the base fee update parameter to fix this.
7.8K
SMG reposted
Max Resnick
@MaxResnick
Feb 15, 2024
New Paper Alert🚨 @malleshpai and I consider transaction fee mechanism design in a dynamic context where users don't just care about immediate inclusion but instead face a dynamic tradeoff between faster inclusion and lower fees. 1/n
9.7K
SMG
@specialmech
Feb 15, 2024
Replying to @specialmech
A myth of EIP-1559 is that because it achieves this gas target, it must be setting the right price for blockspace. This intuition comes from a static setting where if you’re selling the amount that you want to supply then the price you are setting must be the right market price.
2.9K
SMG
@specialmech
Feb 15, 2024
Replying to @specialmech
For full details, more results on EIP-1559, and to learn about the new methods we developed for this analysis, check out the full research in SPEC-04. mechanism.org/spec/04
2.2K
SMG
@specialmech
Feb 15, 2024
And follow us @smg on Farcaster.
farcaster.xyz
SMG (@smg) on Farcaster
Special Mechanisms Group — Follow @smg on Farcaster to see their casts and join the conversation.
2K