{"id":"https://openalex.org/W4308219233","doi":"https://doi.org/10.1145/3560832.3564259","title":"Improving Proof of Stake Economic Security via MEV Redistribution","display_name":"Improving Proof of Stake Economic Security via MEV Redistribution","publication_year":2022,"publication_date":"2022-11-04","ids":{"openalex":"https://openalex.org/W4308219233","doi":"https://doi.org/10.1145/3560832.3564259"},"language":"en","primary_location":{"id":"doi:10.1145/3560832.3564259","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3560832.3564259","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2022 ACM CCS Workshop on Decentralized Finance and Security","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5082358070","display_name":"Tarun Chitra","orcid":"https://orcid.org/0000-0002-2298-4827"},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Tarun Chitra","raw_affiliation_strings":["Gauntlet Networks, Inc., New York City, NY, USA"],"affiliations":[{"raw_affiliation_string":"Gauntlet Networks, Inc., New York City, NY, USA","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5036130379","display_name":"Kshitij Kulkarni","orcid":"https://orcid.org/0000-0003-4951-8604"},"institutions":[{"id":"https://openalex.org/I95457486","display_name":"University of California, Berkeley","ror":"https://ror.org/01an7q238","country_code":"US","type":"education","lineage":["https://openalex.org/I95457486"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Kshitij Kulkarni","raw_affiliation_strings":["University of California, Berkeley, Berkeley, CA, USA"],"affiliations":[{"raw_affiliation_string":"University of California, Berkeley, Berkeley, CA, USA","institution_ids":["https://openalex.org/I95457486"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5082358070"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.7271,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.92009129,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":97},"biblio":{"volume":null,"issue":null,"first_page":"1","last_page":"7"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9998000264167786,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9998000264167786,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9645000100135803,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9244999885559082,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/redistribution","display_name":"Redistribution (election)","score":0.8478567004203796},{"id":"https://openalex.org/keywords/revenue","display_name":"Revenue","score":0.5366792678833008},{"id":"https://openalex.org/keywords/externality","display_name":"Externality","score":0.5138835906982422},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5050213932991028},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.4504941999912262},{"id":"https://openalex.org/keywords/social-planner","display_name":"Social planner","score":0.42316633462905884},{"id":"https://openalex.org/keywords/welfare","display_name":"Welfare","score":0.41286349296569824},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.34888407588005066},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3036178946495056},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.1637684404850006},{"id":"https://openalex.org/keywords/market-economy","display_name":"Market economy","score":0.10336530208587646},{"id":"https://openalex.org/keywords/law","display_name":"Law","score":0.08671864867210388}],"concepts":[{"id":"https://openalex.org/C74080474","wikidata":"https://www.wikidata.org/wiki/Q7305975","display_name":"Redistribution (election)","level":3,"score":0.8478567004203796},{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.5366792678833008},{"id":"https://openalex.org/C16118543","wikidata":"https://www.wikidata.org/wiki/Q275372","display_name":"Externality","level":2,"score":0.5138835906982422},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5050213932991028},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4504941999912262},{"id":"https://openalex.org/C2777706055","wikidata":"https://www.wikidata.org/wiki/Q7551303","display_name":"Social planner","level":2,"score":0.42316633462905884},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.41286349296569824},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.34888407588005066},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3036178946495056},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1637684404850006},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.10336530208587646},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.08671864867210388},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3560832.3564259","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3560832.3564259","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2022 ACM CCS Workshop on Decentralized Finance and Security","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":7,"referenced_works":["https://openalex.org/W1561445488","https://openalex.org/W2981749566","https://openalex.org/W3101117696","https://openalex.org/W3183659257","https://openalex.org/W4205355221","https://openalex.org/W4285091083","https://openalex.org/W6836113855"],"related_works":["https://openalex.org/W2360912162","https://openalex.org/W1496314710","https://openalex.org/W2085546140","https://openalex.org/W2366727221","https://openalex.org/W2062827913","https://openalex.org/W2358945205","https://openalex.org/W2889200597","https://openalex.org/W2388784756","https://openalex.org/W2383177673","https://openalex.org/W2201771373"],"abstract_inverted_index":{"Maximal":[0],"Extractable":[1],"Value":[2],"(MEV)":[3],"has":[4,26],"generally":[5],"been":[6],"viewed":[7],"as":[8],"a":[9,59,65,82,89],"negative,":[10],"parasitic":[11],"aspect":[12],"of":[13,51,61,91,129,145],"economic":[14,78],"transactions":[15],"on":[16,124],"blockchains":[17],"that":[18,28,45,103,136,148],"increases":[19],"costs":[20],"for":[21,34,151],"non-strategic":[22],"users.":[23],"Recent":[24],"work":[25],"shown":[27],"MEV":[29,62,69,92,105],"is":[30,94,153],"not":[31],"always":[32],"bad":[33,109],"social":[35],"welfare":[36],"in":[37,49,87,116],"crypto":[38],"networks.":[39],"In":[40],"this":[41,104],"note,":[42],"we":[43,67],"demonstrate":[44,137],"if":[46],"rational":[47],"validators":[48],"Proof":[50],"Stake":[52],"(PoS)":[53],"protocols":[54],"are":[55,72],"able":[56],"to":[57,74,96],"earn":[58],"portion":[60],"revenue,":[63],"by":[64],"process":[66],"call":[68],"redistribution,":[70],"they":[71],"disincentivized":[73],"unstake":[75],"and":[76,114,132],"lower":[77],"security.":[79],"We":[80,100],"construct":[81],"joint":[83],"staking-lending":[84],"dynamical":[85],"system":[86],"which":[88,117],"fraction":[90],"revenue":[93],"used":[95],"increase":[97],"staking":[98,113],"returns.":[99],"formally":[101],"show":[102],"redistribution":[106,152],"can":[107],"avoid":[108],"competitive":[110],"equilibria":[111],"between":[112],"lending":[115],"no":[118],"users":[119],"stake":[120],"under":[121],"benign":[122],"conditions":[123],"the":[125,130,149],"reward":[126],"inflation":[127],"schedule":[128],"protocol,":[131],"conduct":[133],"numerical":[134],"simulations":[135],"this.":[138],"This":[139],"represents":[140],"another":[141],"potentially":[142],"positive":[143],"externality":[144],"MEV,":[146],"provided":[147],"mechanism":[150],"well-designed.":[154]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":3}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}