Hello Ethereum Community!!✨ We're a new builder accepting bundles at: rpc.quasar.win We support the standard eth_sendBundle with replacements/cancellations, as well as refundPercent/refundRecipient. Find more information at: docs.quasar.win Need help or just want to chat, join us at discord.gg/jbXfdZ6SV7

We're so happy to be a part of this initiative. We entered the block building space to see a more efficient, more decentralized and more neutral block building space. Builders cooperating building blocks will be the future, and will bring better inclusion and efficiency for end users. We're just getting started!!

Thanks @TrustlessState and @Bankless for making space for this discussion. @ethereum is special. Its monetary policy deserves careful, open debate. All feedback is welcome. I hope we take time to study the tradeoffs, listen and continue the conversation in the months ahead.

PropAMM volume breaks $100M daily for the first time Now circa 10% of all spot DEX volume on Ethereum

$ETH ripped through $2000 this morning, and propAMMs massively improved price discovery during this market volatility. In one of our blocks alone (25789886), over $650k of trades filled against propAMMs within 9bp of CEX mid. Comparing that to CFMM, Uniswap pools quoted $1,949–1,956 while the real market was ~$1,962. Univ3 traders ate 42–46bp. propAMMs have already broken their record for highest daily volume today. Check out pamm.wtf/ for some amazing charts. Quasar is proud to be a part of making L1 Ethereum more efficient!

with respect to my core dev colleagues.. this site: - is an adversarial + chaotic media environment - sustains itself on contention and controversy - produces no fixed or verifiable constituency: there is no "ethereum stakeholder" badge, no COI disclosure, no proof of legitimacy. anyone can make any claims of impact and affiliation overindexing on this context makes our existing tyranny of structureless even more difficult. stakeholders should certainly be consulted - but vague gestures to "CT sentiment" in isolation cannot be an input to decisions this venue does not bear the responsibility of the chain or its components becoming deficient longterm. core devs are tasked with making difficult but necessary decisions, and are be blamed for downtime, major issues. thank you for considering this perspective

$1B in volume swapped through pAMMs on Ethereum so far! 🌴☀️ @titanbuilderxyz , BuilderNet and @QuasarBuilder all support ACE, which puts pAMM liquidity in over 90% of PBS blocks. For a few years the assumption was that mainnet would end up as a settlement layer while the activity went elsewhere. Bullish on trading itself coming back to the L1. Still early.

Navigating the Dark Forest of Ethereum In this episode of Credible Commitments (🎧,⚡️) I chat with Michael from @QuasarBuilder. In particular we discuss - Building credibility from the public mempool - PropAMMs & Orderflow dynamics - Trust as the barrier to entry - Application controlled execution - Market structure & ePBS Timestamps (00:00) - Bitcoin mining origins (02:15) - Launching Quasar at the right time (03:14) - Building credibility from the public mempool (05:04) - Climbing the leaderboard (07:31) - Trust is king (09:22) - Different types of orderflow (12:51) - CEX-DEX arbitrage (14:59) - PropAMMs (22:13) - Sharing orderflow (25:15) - Multi-party block construction (29:15) - Focus on bringing value to users (30:51) - ACE/ Faster Blocks/ Coordination (36:31) - Ship it mentality (41:31) - Impact of AI on building products (46:27) - Touching on ePBS (53:52) - Is the public mempool beyond saving?

The real reason ePBS will have limited impact, is because it aims to fix trust issues from the wrong side. The difficult trust problems aren't with the proposer trusting the relays or block builders. We already see that the vast majority (90%) of proposers trust out-of-protocol sidecars to receive bids The real trust problem that ePBS can't address, is the trust that order flow originators need to have of builders. Originators need to trust that those to whom they are sending flow, will not exploit that flow, for example by sandwiching it, unbundling transaction bundles, replacing backruns with their own, leaking private flow accidentally, etc. On top of which, each new builder adds outgoing bandwidth costs and complexity that, for a new builder landing few blocks might not be worth it to the originator. This is why you cant just spin up a builder the same way you can a proposer and build profitable blocks. If we want to have a decentralized block building space, that's the side of the equation that needs to be solved.

In-protocol bids will be less valuable than out-of-protocol bids. A reason for this is that cancels are not possible for in-protocol bids. Cancels are still needed, as proposers will have different deadlines. This exposes originators to adverse selection risks, so they'll bid less. Defaulting to trustless bids therefore limits proposer choice to (1) a subset of bids (2) that is in expectation less valuable. This will typically affect unsophisticated proposers running on default settings.

If the markets / news / work week are getting you down, take a breather and nerd out for a while watching this fascinating StarTalk episode all about Quasars. If you ever wondered what we're named after, now you'll know! piped.video/rDbwGDGr4e0?si=t-s5…

Excited for the Encrypt the Mempool! coalition @HyperledgerBesu @NasdaqBTCS @EigenPhi @ErigonEth @ethdaily @EVMavericks @0xfairblock @theInterfold @Nethermind @nillion @OctantApp @primev_xyz @QuasarBuilder @SEEDGov @ShutterNetwork @TBSocialist @walletbeat @web3privacy