SBIR Phase I: Next-Generation Maximal Extractable Value (MEV) Proof Distributed Ledger Architecture

SBIR 第一阶段：下一代最大可提取价值（MEV）证明分布式账本架构

• 批准号: 2213017
• 负责人: Adit Patel
• 金额: $ 25.55万
• 依托单位: STARDUST LABS INC.
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2023
• 资助国家: 美国
• 起止时间: 2023-02-01 至 2024-05-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=2213017&HistoricalAwards=false
• 关键词: SBIR; Phase; Next; Generation; Maximal

The broader impact/commercial potential of this Small Business Innovation Research (SBIR) project is to ensure robust consumer protection for financial applications using distributed ledger technology (DLT). This project aims to improve upon existing global financial infrastructure by replacing it with a safe, open, accessible network powered by the proposed next-generation distributed ledger architecture. Accessing traditional financial networks is a major challenge, and often requires significant capital coupled with deep industry connections. As DLT stands today, there are still challenges for it to safely support financial applications. DLT vulnerabilities can cost users billions of dollars and is leading to the same monopolistic dynamics that are characteristic of traditional financial infrastructure. This project aims to advance the foundation of distributed ledger technology to address these issues, and deliver an accessible, safe, democratized financial infrastructure that can operate on a global scale and support the untold myriad of value-added use cases from companies that cannot sustain the high economic costs, or overcome the accessibility barriers, of traditional financial infrastructure.This SBIR Phase I project seeks to advance distributed ledger technology to safely support financial primitives. Transaction information in modern distributed ledgers is public during origination, allowing validators to exploit this information and at times their privileged position to attack every financial primitive. As an example, there are issues with validators taking arbitrage opportunities and sequencing their own transactions first. Financial best practices are to silo transactions into distinct lifecycle stages to ensure consumer safety. This solution brings these best practices to DLT through a cryptographic commitment scheme. Cryptographic commitment schemes allow users to commit to an action without disclosing sensitive details, however, the traditional process requires centralization to coordinate the timing for disclosure. The primary research goal and objective for this Phase I project is proving the viability of a decentralized commitment scheme with real world latency and no centralized timekeeping or coordination mechanism. The proposed architecture will allow users to initiate transactions without including sensitive transaction details at origination. Without sensitive transaction details, validators can no longer exploit this information for their own gain, allowing this architecture to provide the security and privacy necessary for improved safety for financial applications.This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.

这个小企业创新研究（SBIR）项目的更广泛的影响/商业潜力是确保使用分布式账本技术（DLT）为金融应用程序提供强大的消费者保护。该项目旨在改进现有的全球金融基础设施，将其替换为由拟议的下一代分布式账本架构提供支持的安全，开放，可访问的网络。访问传统金融网络是一项重大挑战，通常需要大量资本以及深厚的行业联系。就DLT的现状而言，它在安全地支持金融应用方面仍然面临挑战。DLT漏洞可能会让用户损失数十亿美元，并导致与传统金融基础设施相同的垄断动态。该项目旨在推进分布式账本技术的基础，以解决这些问题，并提供一个可访问的，安全的，民主化的金融基础设施，可以在全球范围内运作，并支持无法维持高经济成本或克服可访问性障碍的公司的无数增值用例。SBIR第一阶段项目旨在推进分布式账本技术，以安全地支持金融原语。现代分布式账本中的交易信息在发起过程中是公开的，允许验证者利用这些信息，有时他们的特权地位来攻击每一个金融原语。例如，验证者会利用套利机会并首先对自己的交易进行排序。财务最佳实践是将交易分为不同的生命周期阶段，以确保消费者的安全。该解决方案通过加密承诺方案将这些最佳实践引入DLT。密码承诺方案允许用户在不披露敏感细节的情况下承诺一个动作，然而，传统的过程需要集中化来协调披露的时间。这个第一阶段项目的主要研究目标和目的是证明一个分散的承诺计划的可行性与真实的世界的延迟和没有集中的计时或协调机制。拟议的架构将允许用户在发起交易时不包括敏感的交易细节。如果没有敏感的交易细节，验证者就不能再利用这些信息为自己谋利，从而使该架构能够提供必要的安全性和隐私性，以提高金融应用程序的安全性。该奖项反映了NSF的法定使命，并通过使用基金会的知识价值和更广泛的影响审查标准进行评估，被认为值得支持。