TLDR only one solver on CoW swap is making money. The rest are either barely breaking even, most are losing $25k a month. @gregthegreek @CoWSwap
This is not sustainable from a decentralization PoV
Alexander John Lee
1,699 posts
Alexander John Lee
@alexanderlee314
protocol engineer @ Miden | Rust | Solidity | ZK | web3 sec
Joined May 2022
- my zkCLOB on Miden is SUPER FAST now! I can match up to 120 buy / sell orders every ~2 seconds! Traders are completely anonymous, but orders can be public or private.
00:00 - Replying to @DeGatchinothing is too complicated to grasp... understanding the notation is usually the most difficult part initially
- Updated the Miden zkCLOB to work with the latest testnet version 0.10.0! Also I’ve been working on the UI! Rust backend + Typescript frontend is just 🤌🤌 imagine a DEX with opt in privacy, that would be 🔥
00:00 - Exciting news! This week the Miden compiler team is releasing v0.1 of the Miden Rust compiler. This is a huge milestone because now you can write pure Rust programs and generate zk proofs for them in the MidenVM! crates.io/crates/midenc
- Matching zkCLOB buy / sell orders on Miden testnet! Tons of opmtimaztions left to be made, but it works! Privacy preserving DeFi LFG 💪🧮👨💻🏗️
00:00 - I think @0xPolygonMiden had an extremely productive offsite with @0xPolygon. I don’t think we stopped talking about zk crypto for 4 days straight. 7am-11pm we were talking about zkVM optimizations to STARK based signature schemes to the future of blockchain in general. Only up 🚀
- Running the CLOB to hit 1m txs on Miden testnet v0.10.0
00:00 - testing the miden Rust compiler today... you can now write smart contracts in Rust and deploy them on Miden testnet. Counter contract and note written in RUST (no-std) on Miden testnet: testnet.midenscan.com/account/mtst1q… (bigger announcement coming soon)
- privacy is becoming more mainstream with Hypergraph @graphprotocol @yanivgraph docs.hypergraph.thegraph.com/docs/core-conc…
- Using partially fillable SWAP notes on Miden, I created an order book exchange. Wrote a basic CLI tool to visualize the depth chart. Orders are UTXOs that can be settled in parallel and can be matched against each other. Oh did I mention they can be private?
