Execution Surplus and Welfare in a Simplified Intent-Auction Game
Solver competition and endogenous participation shape private execution gains and aggregate welfare across batch durations in a simplified intent-auction game.
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Posts
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A chronological index of field notes on research, engineering, markets, and protocols.
2026
5 recordsWhen an Onchain Opportunity Becomes an Execution Race
When discovery stops being scarce, competition becomes an execution race—and the rule that allocates execution determines how much rent participants keep.
When Onchain Price Adjustment and Execution Run on Different Clocks
Thirty externally selected Solana price shocks, one Orca pool: sometimes price and landed execution return to normal together. Sometimes they don't.
When Multiple Pools Behave Like One: Impact-Constrained Capacity Concentration in Uniswap v3
When Multiple Pools Behave Like One: Impact-Constrained Capacity Concentration in Uniswap v3
Before MEV, I Built a Rust AMM Lab to Measure Pool State
Before MEV, I Built a Rust AMM Lab to Measure Pool State