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Deeply understand aPriori's game model🧙♂️
Imagine that the blockchain world is a huge auction house. Each block is an auction, and the block space is the auctioned commodity. In this auction house, there are three main roles: users (including ordinary users and MEV searchers), block producers, and token holders.
Monad Ecosystem's LST & MEV Protocol Priori @aPriori… x.com/i/web/status/18425039278...

Further explanation of the optimal bidding function:
1. The expected return from multiple bids is equal to the success probability of the bid (your bid/total bid) * the return after success, that is, the formula: E[π_i] = (b_i / B) * (R - b_i - φ_i * g_i);
2. Derivative the function E[π_i]~b_i, as shown in the figure, when the rate of change of b_i is 0, the value of E[π_i] is the largest, that is, the bid is optimal, at this time b_i = (R - φ_i * g_i) / 2. … x.com/i/web/status/18425096451...

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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