Writing
Research from the edge of on-chain markets.
Primary sources from our engineers on mechanism design, on-chain performance, and protocol work.
research
Solana's Job Is to Sell Computational Resources. Today It Gives Them Away.
Our lead engineer cavey has published the full economic case for SIMD-0553. An entire day of Solana's compute currently sells for as little as 72 SOL, and the paper walks through what that mispricing costs the network: market makers paying $30,000 a year to quote one market, crank searchers extracting a quarter of SOL-USDC arb profit almost for free, and onchain programs with no reason to get faster.
research Solana Prices Signatures and Nothing Else. SIMD-0553 Prices Everything.
research Application Controlled Execution (ACE) through Asynchronous Market Queues (AMQs)
research Precompile Alignment Bug: Root Cause Analysis
opinion Solana's Largest Existential Risk
research Durable Nonces
opinion Futarchy as Trustless Joint Ownership
note LST: Highest Sustainable Yield on Solana
note Introducing Temporal