Protocol economics the Ethereum protocol’s perspective
summary
Claims that EIP-1559 simplifies user fee choices and measurably reduces waiting times, that MEV is persistent but highly spiky so daily gross extraction often dwarfs single-block gains, and that the Merge both makes reorgs materially harder and shifts staking composition. Proposals examined include PBS to split MEV economies, EIP-1559 simplifies fees, MEV is persistent and spiky, single-secret leader election reduces DoS, and tradeoffs between based roll-ups vs sequencers plus pre-confirmation designs that change who captures MEV.
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chapters (10)
- 0:00Intro
- 0:53Political economics questions
- 9:05The Ethereum Merge
- 11:12Upcoming changes
- 12:24Single secret leader elections
- 13:12Finality
- 13:59Layer 2 Economics
- 17:40Frauded censorship
- 19:40Free confirmation
- 20:57Conclusion
