The
@Filecoin
Virtual Machine (
#FVM
) launched yesterday without a hitch and our team is excited for the future of this technical innovation!
As the economic risk monitoring team for FVM,
@theotherAX
@MadrigalCianci
& CEL have been looking for potential adversarial outcomes
In crypto today, modeling the utility of networksand protocols have specific design elements that make them difficult to predict and understand.
Hence our latest publication: An Agent-Based Model Framework for Utility-Based Cryptoeconomies: published at the 2023 Chainscience
#FIP0036
was proposed to tune-up the economic parameters of
#Filecoin
, to much discussion & debate! Whatever your view, it’s valuable to our governance process! If you’re a $FIL holder or SP, please read
@FilFoundation
’s blog below & vote here:
Resilience of decentralized networks are key for their survival. In the
#Filecoin
network, we have analyzed that the network can overcome many changes or attacks especially if power to the network were to decrease.
In this post, we model how Filecoin is resilient to significant
It has been a pleasure working with
@QredoNetwork
so far on their new tokenomics framework and we are excited to share more details once the engagement is complete!
Qredo 🤝
@cryptoeconlab
Qredo is thrilled to join forces with CryptoEconLab, the powerhouse in cryptoeconomic services from
@protocollabs
!
Together, we're taking Qredo Network to new heights with a revolutionary new tokenomics framework, set to launch in the coming weeks🚀📈
Please join the panel discussion for FIP-0036 - Sector Duration Multiplier for Longer-Term Sector Commitment. Lots of community comments that we want to discuss w you! Wed Sep 7 at 7am Pacific. Will be recorded too.
The journey of refining tokenomics is a complex one, filled with tradeoffs and uncertainty. We at the
@cryptoeconlab
were honored to work with
@QredoNetwork
, a decentralized custody platform to design a set of mechanisms that look to the long-term health of the Qredo Network and
🔊🔊CryptoEconDay Austin is ONE DAY AWAY🔊🔊
We are honored to have
@protocollabs
@juanbenet
presenting on the Economics of the Filecoin Economy in relation to the Filecoin Virtual Machine (FVM)!
How the intricacies of the
#Filecoin
Layer 1 make the
#FVM
an interesting dynamic
Thank you everyone for making CryptoEconDay so special last week. We were honored to host over 1K people for our event and happy hour at the
@FilFoundation
Network Base.
Recordings from our presenters will drop this week.
Attention!!! The FIL-Poll for
#FIP0036
closes 09/28/2022 at 10 PM UTC. So far, ~2000 votes have been cast. Vote and have your voice heard! See below for some of the latest poll results and voting insights as of 09/26/2022 9 PM UTC. (1/5)
Need a tool to help model Filecoin’s complex economy?
Here we have open-sourced
#Filecoin
Mechanical Twin to forecast all the components underlying Filecoin's circulating supply 🧵
Last week, Brett Falk (
@Penn
) presented his research on "Using on-chain voting for information aggregation" to our team.
In this talk, he examined how effective different voting mechanisms are for tapping into the "wisdom of the crowd" and how resistant they are to adversarial
CryptoEconDay Austin Recaps are now ready for public consumption. Our first presentation we're sharing is the "Economics of Evmos" by
@nic_xyz
, co-founder of
@EvmosOrg
, who goes into detail about Evmos first principles and how the project generates value for
@cosmos
@ethereum
It's not that we want
#FOMO
levels to spike, but the limited-edition swag giveaways at
#CryptoEconDay
this Tuesday are going to be 🔥. We're talking about Hoodies, Sweat Pants, T-shirts, and more 🤫 . Registration link:
The rewards blockchain miners earn vary with time. Most of their time is spent mining without receiving any rewards, and only occasionally the miner wins a block and earn a reward.
In research completed by our
@cryptoeconlab
we looked to understand if smoothening the stochastic
Just announced! Special New
#FIP0036
Panel Discussion at CryptoEconDay Singapore, Tues 6pm local SG time:
"Proposing a Cryptoeconomic Change, Getting 551 Comments, and Putting it to Vote"
Registration is free:
This past week our team participated in the 8th annual
@initc3org
Blockchain Camp.
During the camp, we hosted a hackathon project to see if it is useful to utilize multi-dimensional gas lanes (EIP-1559) outside of
@Ethereum
. We were honored to come in third place for the
CryptoEconDay returns for our second event of the year this time in Austin, TX for
#Consensus2023
hosted by
@CoinDesk
!
If you are interested in learning and discussing with leaders in our industry on
#MEV
, market making, current crypto volatility and how
Our team recently put together two proposals to help Storage Providers in the
@Filecoin
economy:
- Source collateral for committing storage deals and capacity
- Understand the growth rate Filecoin’s circulating supply
Introducing Thing 1 & Thing 2
In the
@Filecoin
economy, FIP Discussion 833 looks to increase the QA multipliers assigned to different types of sectors that can be onboarded onto the Filecoin network.
Our
@CryptoEconLab
investigated potential adjustments to relative incentives for sector types across a range
September's Virtual Research Seminar brought
@MaxResnick1
@specialmech
to present on Structural advantages for integrated builders in Ethereum.
Max highlights how bidding behavior should take into account that PBS and OFA are common value auctions, leading to the winner’s curse.
Starting soon: “Tokenomics with Built-In Insurance” by
@0xNlKlTA
, Founder/CEO @
@SolaceFi
-- “This talk presents a novel mechanism for how protocols can get insurance and capital benefits for their investors/depositors using native tokens.” Livestream:
This past August,
@safe
released their whitepaper on the Safe {Core} Protocol to create an open-sourced framework that advances their transition to smart accounts on the Ethereum Virtual Machine (EVM).
The paper presented a unified standard to catalyze the transition to smart
Check out
@eshanchordia
's presentation ": Building a Decentralized Geospatial Data Platform" from CryptoEconDay
@FIL
Singapore. (See:
@atlasdotstorage
)
For more talks like this, Register now for CryptoEconDay in Lisbon Nov 1!
1/ In light of recent events within the industry, it’s been a tough time for all of us. However, we’ve been here before and we, at Protocol Labs, remain committed to building the next generation of the internet and driving breakthroughs in computing despite the current climate.
#FIP0036
(see: ) has been rejected. The post-processing of the Fil Poll votes is now complete.
Thank you to everyone in the
#Filecoin
community for engaging on this important topic! ❤️ (We know we posted a lot about it!)
In this new article, we continue our
@Filecoin
Core Protocol Review with
@cryptoeconlab
.
In this economic examination, we unpack a key mechanism that ensures error-free & dependable storage on the decentralized data storage network - the Termination Fee:
Starting soon: “Impact Evaluators Over Ceramic Data” by Joel Thorstensson, Co-Founder
@ceramicnetwork
- “This talk explores how impact evaluators can be built on top of apps & decentralized data to distribute rewards to participants.” Livestream:
Starting soon: “Gas Consumption in the Filecoin Network” by
@MadrigalCianci
@ Protocol Labs: "A data-driven analysis of gas consumption in the Filecoin network. We propose & discuss several models, their implications, & use cases.” Livestream:
Filecoin is an island economy of storage related services and represents communities in Web2, Web3 and beyond. When people propose changes, most vote from their individual perspective.
@vik_kalghatgi
shows us here how to vote with the long game in mind
@Filecoin
The Filecoin network indexes block reward emissions to the # of actual physical hardware dedicated to the network via its hybrid minting model. The minting model was the intro of a baseline target function which doubles yearly and sets storage capacity targets for the network
#CryptoEconDay
was electric! Thanks to all of the speakers and guests who joined us on Wednesday in Denver to learn more about this incredible field.
See you all in Austin for CryptoEconDay on April 25th 2023!
#CryptoEconDay
is returning for 2023, in conjunction w/
@protocollabs
. These conferences, centered around economic research, present novel ideas to the crypto world. We'll host this year in Denver, Austin, Paris, and Singapore!
For more, go to
Imagine having the ability to store personal and historically relevant data and information forever, governed by a
#Web3
community, stored on
#Filecoin
. Founder
@RadSprint
shows us the economic opportunity through his platform
🔊🔊ONE MORE SLEEP until CryptoEconDay Austin 🔊🔊
@mega_fund
, Director of Token Engineering at
@BinanceLabs
, will be presenting on Rehypothecated Cryptoeconomic Security!
Register here to join us this Tuesday at Filecoin Network Base:
CryptoEconDay
We received many proposals and a Request For Startups (RFS) website was born: Check out the specs for some of our favorite use cases:
Perpetual Storage
Undercollateralized Lending
Programmable Storage Markets
Liquid Staking
DataDAOs
Decentralized Compute
Panelists:
Juan Benet, Founder of Filecoin
ZX Zhang, Lead of CryptoEconLab
Tom Mellan, Lead Researcher at CryptoEconLab
Kaitlin Beegle, Governance TPM, Filecoin Foundation
Moderator: Vik Kalghatgi, Researcher at CryptoEconLab
Want to learn how the
@cryptoeconlab
has been able to simulate and model out the
@Filecoin
economy? Our own
@blackbandres
has summarized how our agentFIL model simulates minting, vesting, burning and locking scenarios to showcase how different actors will respond in this
This Cryptoeconomic Incentive Design for Data Retrieval is a compelling analysis and case study by
@misilva73
from
#CryptoEconDay
@FILSingapore
.
See more talks like this at the next CryptoEconDay in Lisbon Nov 1!
CryptoEconDay Paris is ONE WEEK AWAY
We have three things we want you to know about cryptoeconomics before the big day.
Join 1K+ cryptoeconomics researchers, practicioners, and founders for a full day of learning & networking.
Sponsored by
@FilFoundation
@LBankLabs
@API3DAO
Happy
#CryptoEconDay
at
#ETHDenver
everyone! Today
@CoorsField
we cover:
📈 Quadratic Funding
⛽️ Gas Economics
👨💻 MEV Trends
🛠Economic impacts of
#FVM
& more
DM for ticket info.
Can't join us? Check out CED on YouTube Live starting @ 1pm MT👇
This is part of an ongoing series of reports investigating gas and
#FVM
. In upcoming weeks, we will discuss gas lanes as a potential way of preserving block bandwidth for miners, while at the same time capturing valuable revenue from FVM users
#cryptoeconomics
#tokenomics
Gas consumption in blockchains fuel on-chain transactions. The strategies used to incentivize users to continue running storage is critical. At
#cryptoeconday
in Lisbon our own
@MadrigalCianci
shows us how to simulate gas behavior to better plan ahead
Latest Results for
#FIP0036
Fil Poll.
Dashboard available at:
Updated regularly from the open-sourced script avail at: which parses the 5 voting categories for the final decision 2022-09-28 22:00 (UTC)
2022 saw over $3B in hacks making DeFi insurance top of mind. If combine all of the DeFi insurance co's, their combined TVL doesn’t nearly reach these #'s.
@SolaceFi
Founder
@0xNIKITA
believes a federated approach can get crypto back in the hands of users
3/4
@cryptoeconlab
Day is a gathering of Web3 researchers & practitioners sharing:
✔️ Latest findings
✔️ Lessons learned &
✔️ Answers to challenging
#cryptoeconomics
questions
Happening July 19
Tickets 👇
We’re here in Denver for the start of
#BUIDLWeek
&
#ETHDenver
. Looking forward to hosting you all for our CryptoEconDay event on 3/1 at
@CoorsField
. DM for any questions on the event!
ICYMI, the way
#Filecoin
cryptographically proves it's storing data is to convert it into a file format w unique addresses using IPFS (InterPlanetary File System) the preferred storage for
#Web3
,
#Blockchain
,
#NFTs
, &
#crypto
. Learn more from
@IEEE
here:
#FVM
launch day is here & our team has been working diligently in aligning the economic incentives for long-term success.
Check out how FVM allows anyone to build protocols to improve the
@Filecoin
network and build valuable services
Want to learn Mechanism Design for Crypto 101?
This past week we were honored to have Associate Professor Matt Weinberg from
@Princeton
go into how these structures effect consensus protocols and how
#MEV
may blow this field up once we get it right
Ever wonder “What is
#tokenomics
”? This 11-min video from
@joincoinsider
has good insights on the basics.
(Not investment advice, always do your own research)
🔊🔊CryptoEconDay Austin is 5 DAYS AWAY! 🔊🔊
We have Kiran Karra (
@blackbandres
) presenting on the topic of Agent Based Models!
How they work
What scenarios to use them in
Simulating goal-direct agents in your ecosystem
Register here to join us this Tuesday:
Had a lot of fun working with
@MadrigalCianci
@yahgwai
& Abhimanyu Rawat on exploring the extension of EIP 1559 👍👍
Looking forward to catching up with you guys soon 😉
Here we present a mathematical model for block-space demand in the
#Filecoin
network, investigate the composition of a block as a function of the base fee, and proposed several utility functions representing the interests of different users
Check out
@sylvanzsr
's presentation “Network Analytics Solutions to Improve Network Visibility and Transparency“ from
#CryptoEconDay
@FILSingapore
(
@Starboard_V
)
See more talks like this at the next CryptoEconDay in Lisbon Nov 1!
In
#Filecoin
today, no incentive is possible without storage. As time goes on, we need to keep those incentives alive in a utility token model. Jonathan Dotan of EQTY Labs shows us how to build out these via DataDAO bonds through regenerative financing
551 Github comments later, and with an ongoing vote for FIL stakeholders, this panel discussion seeks to explore the motivation, analysis, governance process, and most salient questions surrounding FIP-0036.