[English Twitter threads] Analysis of UniFi AVS: Pre-confirmation solution based on Based Rollups

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Chainfeeds Introduction:

Crypto researcher Yashas Naif analyzed the working principle, reward mechanism and significance of UniFi AVS, the Based Rollups pre-confirmation solution launched by Puffer Finance.

Source:

https://x.com/YashasEdu/status/1835919287082766468

Article author:

Yashas Naik


Viewpoint:

Yashas Naik: UniFi AVS is a solution to the problems of Ethereum's pre-confirmation system using EigenLayer. It is designed to provide fast, secure, and neutral pre-confirmations for Based Rollups. UniFi AVS leverages the Ethereum validator network to provide fast transaction guarantees. These "pre-confirmations" provide users with fast feedback on the validity of transactions. UniFi AVS focuses first on L2 execution pre-confirmations. Here's how it works: 1) Based Rollups users can ensure that their transactions will be included in L2 blocks and executed as pre-confirmations; 2) Users receive instant confirmations, even if the pre-confirmation does not propose an L1 block for several minutes; 3) Pre-confirmations promise specific transaction outcomes. UniFi AVS significantly improves the user experience by providing near-instant transaction guarantees. UniFi AVS has a smart distribution reward mechanism: 1) Users pay the pre-confirmation fee; 2) MEV smoothing is done to distribute rewards more evenly over a period of time; 3) All rewards are paid in ETH to increase liquidity and simplicity. [Original text in English]

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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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