26 Search Results for "Livshits, Benjamin"

Document
DOI: 10.4230/LIPIcs.OPODIS.2025.6
Foundations of Fiat-Denominated Loans Collateralized by Cryptocurrencies

Authors: Pavel Hubáček, Jan Václavek, and Michelle Yeo

Published in: LIPIcs, Volume 361, 29th International Conference on Principles of Distributed Systems (OPODIS 2025)

Abstract
The rising importance of cryptocurrencies as financial assets pushed their applicability from an object of speculation closer to standard financial instruments such as loans. In this work, we initiate the study of secure protocols that enable fiat-denominated loans collateralized by cryptocurrencies such as Bitcoin. We provide limited-custodial protocols for such loans relying only on trusted arbitration and provide their game-theoretical analysis. We also highlight various interesting directions for future research.
Cite as

Pavel Hubáček, Jan Václavek, and Michelle Yeo. Foundations of Fiat-Denominated Loans Collateralized by Cryptocurrencies. In 29th International Conference on Principles of Distributed Systems (OPODIS 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 361, pp. 6:1-6:18, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{hubacek_et_al:LIPIcs.OPODIS.2025.6,
  author =	{Hub\'{a}\v{c}ek, Pavel and V\'{a}clavek, Jan and Yeo, Michelle},
  title =	{{Foundations of Fiat-Denominated Loans Collateralized by Cryptocurrencies}},
  booktitle =	{29th International Conference on Principles of Distributed Systems (OPODIS 2025)},
  pages =	{6:1--6:18},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-409-3},
  ISSN =	{1868-8969},
  year =	{2026},
  volume =	{361},
  editor =	{Arusoaie, Andrei and Onica, Emanuel and Spear, Michael and Tucci-Piergiovanni, Sara},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.OPODIS.2025.6},
  URN =		{urn:nbn:de:0030-drops-251796},
  doi =		{10.4230/LIPIcs.OPODIS.2025.6},
  annote =	{Keywords: Blockchains, Cryptocurrencies, DeFi, Loans, Mechanism design, Subgame Perfect Equilibrium, Rational analysis}
}
Document
DOI: 10.4230/LIPIcs.OPODIS.2025.27
Where to Place Your TEE? In Search of a Censorship-Resilient Design for Rollup Sequencers

Authors: Andrei Arusoaie, Claudiu-Nicu Bărbieru, Oana-Otilia Captarencu, Pascal Felber, Corentin Libert, Emanuel Onica, Etienne Rivière, Valerio Schiavoni, and Peterson Yuhala

Published in: LIPIcs, Volume 361, 29th International Conference on Principles of Distributed Systems (OPODIS 2025)

Abstract
Ethereum is the dominant blockchain ecosystem capable of executing Turing-complete smart contracts. Rollups gained significant traction as the primary layer 2 (L2) solution meant to bring horizontal scalability to the main Ethereum network (L1). A core component of any rollup is the sequencer, which creates new L2 blocks to be submitted in rollup batches to L1. In most of the current rollup architectures, this component is centralised. As a result, these designs are prone to inconspicuous censorship practices by the sequencer. Trusted execution environments (TEEs) can guarantee the integrity of various sequencer components, which is instrumental in addressing censorship. However, the reaction of the system design to censorship attempts depends on where a TEE is integrated and which components it protects. In particular, this reaction is limited in the case of a monolithic TEE-protected sequencer design. Proposer-Builder Separation (PBS) is a non-monolithic paradigm adopted on L1, which separates the production of blocks from proposing them for inclusion in the blockchain. Recently, PBS has been considered for integration with L2 sequencers, with an impact on alleviating censorship. In this paper, we explore the design space of TEE-integrating PBS and non-PBS sequencer variants. First, we introduce a formal framework for the censorship actions that captures the specificity of the L2 sequencer. Then, we analyse to what extent the different designs address these censorship actions. Our main contribution is a novel design variation that allows for a precise observation of censored transactions. In the presence of TEEs, in a PBS setting, we demonstrate this precise observability, which is necessary to enable resilience to censorship.
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Andrei Arusoaie, Claudiu-Nicu Bărbieru, Oana-Otilia Captarencu, Pascal Felber, Corentin Libert, Emanuel Onica, Etienne Rivière, Valerio Schiavoni, and Peterson Yuhala. Where to Place Your TEE? In Search of a Censorship-Resilient Design for Rollup Sequencers. In 29th International Conference on Principles of Distributed Systems (OPODIS 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 361, pp. 27:1-27:20, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{arusoaie_et_al:LIPIcs.OPODIS.2025.27,
  author =	{Arusoaie, Andrei and B\u{a}rbieru, Claudiu-Nicu and Captarencu, Oana-Otilia and Felber, Pascal and Libert, Corentin and Onica, Emanuel and Rivi\`{e}re, Etienne and Schiavoni, Valerio and Yuhala, Peterson},
  title =	{{Where to Place Your TEE? In Search of a Censorship-Resilient Design for Rollup Sequencers}},
  booktitle =	{29th International Conference on Principles of Distributed Systems (OPODIS 2025)},
  pages =	{27:1--27:20},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-409-3},
  ISSN =	{1868-8969},
  year =	{2026},
  volume =	{361},
  editor =	{Arusoaie, Andrei and Onica, Emanuel and Spear, Michael and Tucci-Piergiovanni, Sara},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.OPODIS.2025.27},
  URN =		{urn:nbn:de:0030-drops-252000},
  doi =		{10.4230/LIPIcs.OPODIS.2025.27},
  annote =	{Keywords: Rollups, Trusted Execution Environments, Censorship}
}
Document
Research
DOI: 10.4230/TGDK.3.3.4
Mining Inter-Document Argument Structures in Scientific Papers for an Argument Web

Authors: Florian Ruosch, Cristina Sarasua, and Abraham Bernstein

Published in: TGDK, Volume 3, Issue 3 (2025). Transactions on Graph Data and Knowledge, Volume 3, Issue 3

Abstract
In Argument Mining, predicting argumentative relations between texts (or spans) remains one of the most challenging aspects, even more so in the cross-document setting. This paper makes three key contributions to advance research in this domain. We first extend an existing dataset, the Sci-Arg corpus, by annotating it with explicit inter-document argumentative relations, thereby allowing arguments to be distributed over several documents forming an Argument Web; these new annotations are published using Semantic Web technologies (RDF, OWL). Second, we explore and evaluate three automated approaches for predicting these inter-document argumentative relations, establishing critical baselines on the new dataset. We find that a simple classifier based on discourse indicators with access to context outperforms neural methods. Third, we conduct a comparative analysis of these approaches for both intra- and inter-document settings, identifying statistically significant differences in results that indicate the necessity of distinguishing between these two scenarios. Our findings highlight significant challenges in this complex domain and open crucial avenues for future research on the Argument Web of Science, particularly for those interested in leveraging Semantic Web technologies and knowledge graphs to understand scholarly discourse. With this, we provide the first stepping stones in the form of a benchmark dataset, three baseline methods, and an initial analysis for a systematic exploration of this field relevant to the Web of Data and Science.
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Florian Ruosch, Cristina Sarasua, and Abraham Bernstein. Mining Inter-Document Argument Structures in Scientific Papers for an Argument Web. In Transactions on Graph Data and Knowledge (TGDK), Volume 3, Issue 3, pp. 4:1-4:33, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@Article{ruosch_et_al:TGDK.3.3.4,
  author =	{Ruosch, Florian and Sarasua, Cristina and Bernstein, Abraham},
  title =	{{Mining Inter-Document Argument Structures in Scientific Papers for an Argument Web}},
  journal =	{Transactions on Graph Data and Knowledge},
  pages =	{4:1--4:33},
  ISSN =	{2942-7517},
  year =	{2025},
  volume =	{3},
  number =	{3},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/TGDK.3.3.4},
  URN =		{urn:nbn:de:0030-drops-252159},
  doi =		{10.4230/TGDK.3.3.4},
  annote =	{Keywords: Argument Mining, Large Language Models, Knowledge Graphs, Link Prediction}
}
Document
DOI: 10.4230/LIPIcs.AFT.2025.35
On-Chain Decentralized Learning and Cost-Effective Inference for DeFi Attack Mitigation

Authors: Abdulrahman Alhaidari, Balaji Palanisamy, and Prashant Krishnamurthy

Published in: LIPIcs, Volume 354, 7th Conference on Advances in Financial Technologies (AFT 2025)

Abstract
Billions of dollars are lost every year in DeFi platforms by transactions exploiting business logic or accounting vulnerabilities. Existing defenses focus on static code analysis, public mempool screening, attacker contract detection, or trusted off-chain monitors, none of which prevents exploits submitted through private relays or malicious contracts that execute within the same block. We present the first decentralized, fully on-chain learning framework that: (i) performs gas-prohibitive computation on Layer-2 to reduce cost, (ii) propagates verified model updates to Layer-1, and (iii) enables gas-bounded, low-latency inference inside smart contracts. A novel Proof-of-Improvement (PoIm) protocol governs the training process and verifies each decentralized micro update as a self-verifying training transaction. Updates are accepted by PoIm only if they demonstrably improve at least one core metric (e.g., accuracy, F1-score, precision, or recall) on a public benchmark without degrading any of the other core metrics, while adversarial proposals get financially penalized through an adaptable test set for evolving threats. We develop quantization and loop-unrolling techniques that enable inference for logistic regression, SVM, MLPs, CNNs, and gated RNNs (with support for formally verified decision tree inference) within the Ethereum block gas limit, while remaining bit-exact to their off-chain counterparts, formally proven in Z3. We curate 298 unique real-world exploits (2020 - 2025) with 402 exploit transactions across eight EVM chains, collectively responsible for $3.74 B in losses. We demonstrate that on-chain ML governed by PoIm detects previously unseen attacks with over 97% attack detection accuracy and 82.0% F1. A single inference, such as one made via an external call, typically incurs zero cost. Fully on-chain inference consumes 57,603 gas (≈ $0.18) for linear models, 143,647 gas (≈ $0.49) for CNN(F2, K1), and 506,397 gas (≈ $1.77) for CNN(F8, K4) on L1 (e.g., Ethereum). Our results show that practical and continually evolving DeFi defenses can be embedded directly in protocol logic without trusted guardians, and our solution achieves highly cost-effective protection while filling a critical gap between vulnerability scanners and real-time transaction screening.
Cite as

Abdulrahman Alhaidari, Balaji Palanisamy, and Prashant Krishnamurthy. On-Chain Decentralized Learning and Cost-Effective Inference for DeFi Attack Mitigation. In 7th Conference on Advances in Financial Technologies (AFT 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 354, pp. 35:1-35:27, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{alhaidari_et_al:LIPIcs.AFT.2025.35,
  author =	{Alhaidari, Abdulrahman and Palanisamy, Balaji and Krishnamurthy, Prashant},
  title =	{{On-Chain Decentralized Learning and Cost-Effective Inference for DeFi Attack Mitigation}},
  booktitle =	{7th Conference on Advances in Financial Technologies (AFT 2025)},
  pages =	{35:1--35:27},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-400-0},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{354},
  editor =	{Avarikioti, Zeta and Christin, Nicolas},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.AFT.2025.35},
  URN =		{urn:nbn:de:0030-drops-247548},
  doi =		{10.4230/LIPIcs.AFT.2025.35},
  annote =	{Keywords: DeFi attacks, on-chain machine learning, decentralized learning, real-time defense}
}
Document
DOI: 10.4230/LIPIcs.AFT.2025.1
Cache Timing Leakages in Zero-Knowledge Protocols

Authors: Shibam Mukherjee, Christian Rechberger, and Markus Schofnegger

Published in: LIPIcs, Volume 354, 7th Conference on Advances in Financial Technologies (AFT 2025)

Abstract
The area of modern zero-knowledge proof systems has seen a significant rise in popularity over the last couple of years, with new techniques and optimized constructions emerging on a regular basis. As the field matures, the aspect of implementation attacks becomes more relevant, however side-channel attacks on zero-knowledge proof systems have seen surprisingly little treatment so far. In this paper, we give an overview of potential attack vectors and show that some of the underlying finite field libraries, and implementations of heavily used components like hash functions using them, are vulnerable w.r.t. cache attacks on CPUs. On the positive side, we demonstrate that the computational overhead to protect against these attacks is relatively small.
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Shibam Mukherjee, Christian Rechberger, and Markus Schofnegger. Cache Timing Leakages in Zero-Knowledge Protocols. In 7th Conference on Advances in Financial Technologies (AFT 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 354, pp. 1:1-1:26, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{mukherjee_et_al:LIPIcs.AFT.2025.1,
  author =	{Mukherjee, Shibam and Rechberger, Christian and Schofnegger, Markus},
  title =	{{Cache Timing Leakages in Zero-Knowledge Protocols}},
  booktitle =	{7th Conference on Advances in Financial Technologies (AFT 2025)},
  pages =	{1:1--1:26},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-400-0},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{354},
  editor =	{Avarikioti, Zeta and Christin, Nicolas},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.AFT.2025.1},
  URN =		{urn:nbn:de:0030-drops-247201},
  doi =		{10.4230/LIPIcs.AFT.2025.1},
  annote =	{Keywords: zero-knowledge, protocol, cache timing, side-channel, leakage}
}
Document
DOI: 10.4230/LIPIcs.AFT.2025.7
Mechanism Design for Automated Market Makers

Authors: T-H. Hubert Chan, Ke Wu, and Elaine Shi

Published in: LIPIcs, Volume 354, 7th Conference on Advances in Financial Technologies (AFT 2025)

Abstract
Blockchains have popularized automated market makers (AMMs), applications that run on a blockchain, maintain a pool of crypto-assets, and execute trades with users governed by some pricing function. AMMs have also introduced a significant challenge known as the Miner Extractable Value (MEV). Specifically, miners who control the contents and sequencing of transactions in a block can extract value by front-running and back-running users' transactions, creating arbitrage opportunities that guarantee them risk-free returns. MEV not only harms ordinary users, but more critically, encourages miners to auction off favorable transaction placements to users and arbitragers. This has fostered a more centralized off-chain eco-system, departing from the decentralized equilibrium originally envisioned for the blockchain infrastructure layer. In this paper, we consider how to design AMM mechanisms that eliminate MEV opportunities. Specifically, we propose a new AMM mechanism that processes all transactions contained within a block according to some pre-defined rules, ensuring that some constant potential function is maintained after processing the batch. We show that our new mechanism satisfies two tiers of guarantees. First, for legacy blockchains where each block is proposed by a single (possibly rotating) miner, we prove that our mechanism satisfies arbitrage resilience, i.e., a miner cannot gain risk-free profit. Second, for blockchains where the block proposal process is decentralized and offers sequencing-fairness, we prove a strictly stronger notion called strategy proofness - roughly speaking, we guarantee that any individual user’s best response is to follow the honest strategy. Our results complement prior works on MEV resilience in the following senses. First, prior works have shown impossibilities to address MEV entirely at the consensus level. Our work demonstrates a new paradigm of mechanism design at the application (i.e., smart contract) layer to ensure provable guarantees of strategy proofness. Second, many works have attempted to augment the underlying consensus protocol with extra properties such as sequencing fairness. While most previous works heuristically argued why these extra properties help to mitigate MEV, our work demonstrates in a mathematically formal manner how to leverage such consensus-level properties to aid the design of strategy-proof mechanisms.
Cite as

T-H. Hubert Chan, Ke Wu, and Elaine Shi. Mechanism Design for Automated Market Makers. In 7th Conference on Advances in Financial Technologies (AFT 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 354, pp. 7:1-7:22, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{chan_et_al:LIPIcs.AFT.2025.7,
  author =	{Chan, T-H. Hubert and Wu, Ke and Shi, Elaine},
  title =	{{Mechanism Design for Automated Market Makers}},
  booktitle =	{7th Conference on Advances in Financial Technologies (AFT 2025)},
  pages =	{7:1--7:22},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-400-0},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{354},
  editor =	{Avarikioti, Zeta and Christin, Nicolas},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.AFT.2025.7},
  URN =		{urn:nbn:de:0030-drops-247265},
  doi =		{10.4230/LIPIcs.AFT.2025.7},
  annote =	{Keywords: Mechanism design, game theory, strategy proof, blockchain}
}
Document
DOI: 10.4230/LIPIcs.AFT.2025.24
Multidimensional Blockchain Fees Are (Essentially) Optimal

Authors: Guillermo Angeris, Theo Diamandis, and Ciamac Moallemi

Published in: LIPIcs, Volume 354, 7th Conference on Advances in Financial Technologies (AFT 2025)

Abstract
In this paper we show that, using only mild assumptions, dynamic multidimensional blockchain fee markets have strong performance guarantees, even against worst-case adversaries. In particular, we show that the average welfare gap between the following two scenarios is at most O(1/√T), where T is the length of the time horizon considered. In the first scenario, the designer knows all future actions by users and is allowed to fix the optimal prices of resources ahead of time, based on the designer’s oracular knowledge of those actions. In the second, the prices are updated by a very simple algorithm that does not have this oracular knowledge, special cases of which are EIP-4844 and EIP-1559, both fee mechanisms used by the Ethereum blockchain. Roughly speaking, this means that, on average, over a reasonable timescale, there is no difference in welfare between "correctly" fixing the prices, with oracular knowledge of the future, when compared to the proposed algorithm. We show a matching lower bound of Ω(1/√T) for any implementable algorithm and also separately consider the case where the adversary is known to be stochastic.
Cite as

Guillermo Angeris, Theo Diamandis, and Ciamac Moallemi. Multidimensional Blockchain Fees Are (Essentially) Optimal. In 7th Conference on Advances in Financial Technologies (AFT 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 354, pp. 24:1-24:23, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{angeris_et_al:LIPIcs.AFT.2025.24,
  author =	{Angeris, Guillermo and Diamandis, Theo and Moallemi, Ciamac},
  title =	{{Multidimensional Blockchain Fees Are (Essentially) Optimal}},
  booktitle =	{7th Conference on Advances in Financial Technologies (AFT 2025)},
  pages =	{24:1--24:23},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-400-0},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{354},
  editor =	{Avarikioti, Zeta and Christin, Nicolas},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.AFT.2025.24},
  URN =		{urn:nbn:de:0030-drops-247433},
  doi =		{10.4230/LIPIcs.AFT.2025.24},
  annote =	{Keywords: Blockchains, transaction fees, online optimization, convex optimization}
}
Document
DOI: 10.4230/LIPIcs.AFT.2025.31
Trustless Bridges via Random Sampling Light Clients

Authors: Bhargav Nagaraja Bhatt, Fatemeh Shirazi, and Alistair Stewart

Published in: LIPIcs, Volume 354, 7th Conference on Advances in Financial Technologies (AFT 2025)

Abstract
The increasing number of blockchain projects introduced annually has led to a pressing need for secure and efficient interoperability solutions. Currently, the lack of such solutions forces end-users to rely on centralized intermediaries, contradicting the core principle of decentralization and trust minimization in blockchain technology. We propose a decentralized and efficient interoperability solution (aka Bridge Protocol) that operates without additional trust assumptions, relying solely on the Byzantine Fault Tolerance (BFT) properties of the two chains being connected. In particular, relayers (actors that exchange messages between networks) are permissionless and decentralized, hence eliminating any single point of failure. We introduce Random Sampling, a novel technique for on-chain light clients to efficiently follow the history of PoS blockchains by reducing the signature verifications required. Here, the randomness is drawn on-chain, for example, using Ethereum’s RANDAO. We analyze the security of the bridge from a crypto- economic perspective and provide a framework to derive the security parameters. This includes handling subtle concurrency issues and randomness bias in strawman designs. While the protocol is applicable to various PoS chains, we demonstrate the protocol’s practical feasibility by showcasing an instantiated bridge between Polkadot and Ethereum (currently deployed), and discuss some practical security challenges. Furthermore, we evaluate the efficiency of our on-chain light client verifier (implemented as an Ethereum smart contract) against SNARK-based approaches, demonstrating significantly lower gas costs for signature verification - even for validator sets up to 10⁶.
Cite as

Bhargav Nagaraja Bhatt, Fatemeh Shirazi, and Alistair Stewart. Trustless Bridges via Random Sampling Light Clients. In 7th Conference on Advances in Financial Technologies (AFT 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 354, pp. 31:1-31:24, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{bhatt_et_al:LIPIcs.AFT.2025.31,
  author =	{Bhatt, Bhargav Nagaraja and Shirazi, Fatemeh and Stewart, Alistair},
  title =	{{Trustless Bridges via Random Sampling Light Clients}},
  booktitle =	{7th Conference on Advances in Financial Technologies (AFT 2025)},
  pages =	{31:1--31:24},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-400-0},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{354},
  editor =	{Avarikioti, Zeta and Christin, Nicolas},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.AFT.2025.31},
  URN =		{urn:nbn:de:0030-drops-247503},
  doi =		{10.4230/LIPIcs.AFT.2025.31},
  annote =	{Keywords: PoS Blockchains, Trustless Bridges, Light Clients, Decentralised Relayers, RANDAO Bias}
}
Document
DOI: 10.4230/LIPIcs.AFT.2025.23
Transaction Fee Market Design for Parallel Execution

Authors: Bahar Acilan, Andrei Constantinescu, Lioba Heimbach, and Roger Wattenhofer

Published in: LIPIcs, Volume 354, 7th Conference on Advances in Financial Technologies (AFT 2025)

Abstract
Given the low throughput of blockchains like Bitcoin and Ethereum, scalability - the ability to process an increasing number of transactions - has become a central focus of blockchain research. One promising approach is the parallelization of transaction execution across multiple threads. However, achieving efficient parallelization requires a redesign of the incentive structure within the fee market. Currently, the fee market does not differentiate between transactions that access multiple high-demand storage keys (i.e., unique identifiers for individual data entries) versus a single low-demand one, as long as they require the same computational effort. Addressing this discrepancy is crucial for enabling more effective parallel execution. In this work, we aim to bridge the gap between the current fee market and the need for parallel execution by exploring alternative fee market designs. To this end, we propose a framework consisting of two key components: a Gas Computation Mechanism (GCM), which quantifies the load a transaction places on the network in terms of parallelization and computation, measured in units of gas, and a Transaction Fee Mechanism (TFM), which assigns a price to each unit of gas. We additionally introduce a set of desirable properties for a GCM, propose several candidate mechanisms, and evaluate them against these criteria. Our analysis highlights two strong candidates: the weighted area GCM, which integrates smoothly with existing TFMs such as EIP‑1559 and satisfies a broad subset of the outlined properties, and the time-proportional makespan GCM, which assigns gas costs based on the context of the entire block’s schedule and, through this dependence on the overall execution outcome, captures the dynamics of parallel execution more accurately.
Cite as

Bahar Acilan, Andrei Constantinescu, Lioba Heimbach, and Roger Wattenhofer. Transaction Fee Market Design for Parallel Execution. In 7th Conference on Advances in Financial Technologies (AFT 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 354, pp. 23:1-23:25, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{acilan_et_al:LIPIcs.AFT.2025.23,
  author =	{Acilan, Bahar and Constantinescu, Andrei and Heimbach, Lioba and Wattenhofer, Roger},
  title =	{{Transaction Fee Market Design for Parallel Execution}},
  booktitle =	{7th Conference on Advances in Financial Technologies (AFT 2025)},
  pages =	{23:1--23:25},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-400-0},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{354},
  editor =	{Avarikioti, Zeta and Christin, Nicolas},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.AFT.2025.23},
  URN =		{urn:nbn:de:0030-drops-247426},
  doi =		{10.4230/LIPIcs.AFT.2025.23},
  annote =	{Keywords: blockchain, transaction fee mechanism, parallel execution}
}
Document
DOI: 10.4230/LIPIcs.AFT.2025.28
Optimistic MEV in Ethereum Layer 2s: Why Blockspace Is Always in Demand

Authors: Ozan Solmaz, Lioba Heimbach, Yann Vonlanthen, and Roger Wattenhofer

Published in: LIPIcs, Volume 354, 7th Conference on Advances in Financial Technologies (AFT 2025)

Abstract
Layer 2 rollups are rapidly absorbing DeFi activity, securing over $40 billion and accounting for nearly half of Ethereum’s DEX volume by Q1 2025, yet their MEV dynamics remain understudied. We address this gap by defining and quantifying optimistic MEV, a form of speculative, on-chain MEV whose detection and execution logic reside largely on-chain in smart contracts. As a result of their speculative nature and lack of off-chain opportunity verification, optimistic MEV transactions frequently decide not to execute any trades. In this work, we focus on cyclic arbitrage, which we find is predominantly executed as optimistic MEV on Layer 2s. Using our multi-stage identification pipeline on Arbitrum, Base, and Optimism, we show that in Q1 2025, transactions from cyclic arbitrage contracts account for over 50% of on-chain gas on Base and Optimism and 7% on Arbitrum, driven mainly by "interaction" probes (on-chain computations searching for arbitrage). This speculative probing indicates that cyclic arbitrage on Layer 2s is predominantly executed as optimistic MEV and contributes to generally keeping blocks on Base and Optimism persistently full. Despite consuming over half of on-chain gas, these optimistic MEV transactions pay less than one quarter of total gas fees. Cross-network comparison reveals divergent success rates, differing patterns of code reuse, and sensitivity to varying sequencer ordering and block production times. Finally, OLS regressions link optimistic MEV trade count to ETH volatility, retail trading activity, and DEX aggregator usage. Together, these findings show that optimistic MEV has become a major source of persistent spam-like transaction activity on Layer 2s, dominating blockspace with low-value probes and reshaping the composition of on-chain activity.
Cite as

Ozan Solmaz, Lioba Heimbach, Yann Vonlanthen, and Roger Wattenhofer. Optimistic MEV in Ethereum Layer 2s: Why Blockspace Is Always in Demand. In 7th Conference on Advances in Financial Technologies (AFT 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 354, pp. 28:1-28:24, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{solmaz_et_al:LIPIcs.AFT.2025.28,
  author =	{Solmaz, Ozan and Heimbach, Lioba and Vonlanthen, Yann and Wattenhofer, Roger},
  title =	{{Optimistic MEV in Ethereum Layer 2s: Why Blockspace Is Always in Demand}},
  booktitle =	{7th Conference on Advances in Financial Technologies (AFT 2025)},
  pages =	{28:1--28:24},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-400-0},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{354},
  editor =	{Avarikioti, Zeta and Christin, Nicolas},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.AFT.2025.28},
  URN =		{urn:nbn:de:0030-drops-247479},
  doi =		{10.4230/LIPIcs.AFT.2025.28},
  annote =	{Keywords: blockchain, MEV, Layer 2, Ethereum}
}
Document
DOI: 10.4230/LIPIcs.ITP.2025.36
Verifying Datalog Reasoning with Lean

Authors: Johannes Tantow, Lukas Gerlach, Stephan Mennicke, and Markus Krötzsch

Published in: LIPIcs, Volume 352, 16th International Conference on Interactive Theorem Proving (ITP 2025)

Abstract
Datalog is an essential logical rule language with many applications, and modern rule engines compute logical consequences for Datalog with high performance and scalability. While Datalog is rather simple and, in principle, explainable by design, such sophisticated implementations and optimizations are hard to verify. We therefore propose a certificate-based approach to validate results of Datalog reasoners in a formally verified checker for Datalog proofs. Using the proof assistant Lean, we implement such a checker and verify its correctness against direct formalizations of the Datalog semantics. We propose two JSON encodings for Datalog proofs: one using the widely supported Datalog proof trees, and one using directed acyclic graphs for succinctness. To evaluate the practical feasibility and performance of our approach, we validate proofs that we obtain by converting derivation traces of an existing Datalog reasoner into our tool-independent format.
Cite as

Johannes Tantow, Lukas Gerlach, Stephan Mennicke, and Markus Krötzsch. Verifying Datalog Reasoning with Lean. In 16th International Conference on Interactive Theorem Proving (ITP 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 352, pp. 36:1-36:19, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{tantow_et_al:LIPIcs.ITP.2025.36,
  author =	{Tantow, Johannes and Gerlach, Lukas and Mennicke, Stephan and Kr\"{o}tzsch, Markus},
  title =	{{Verifying Datalog Reasoning with Lean}},
  booktitle =	{16th International Conference on Interactive Theorem Proving (ITP 2025)},
  pages =	{36:1--36:19},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-396-6},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{352},
  editor =	{Forster, Yannick and Keller, Chantal},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.ITP.2025.36},
  URN =		{urn:nbn:de:0030-drops-246342},
  doi =		{10.4230/LIPIcs.ITP.2025.36},
  annote =	{Keywords: Certifying Algorithms, Datalog, Formal Verification}
}
Document
DOI: 10.4230/LIPIcs.WADS.2025.6
Vantage Point Selection Algorithms for Bottleneck Capacity Estimation

Authors: Vikrant Ashvinkumar, Rezaul Chowdhury, Jie Gao, Mayank Goswami, Joseph S. B. Mitchell, and Valentin Polishchuk

Published in: LIPIcs, Volume 349, 19th International Symposium on Algorithms and Data Structures (WADS 2025)

Abstract
Motivated by the problem of estimating bottleneck capacities on the Internet, we formulate and study the problem of vantage point selection. We are given a graph G = (V, E) whose edges E have unknown capacity values that are to be discovered. Probes from a vantage point, i.e, a vertex v ∈ V, along shortest paths from v to all other vertices, reveal bottleneck edge capacities along each path. Our goal is to select k vantage points from V that reveal the maximum number of bottleneck edge capacities. We consider both a non-adaptive setting where all k vantage points are selected before any bottleneck capacity is revealed, and an adaptive setting where each vantage point selection instantly reveals bottleneck capacities along all shortest paths starting from that point. In the non-adaptive setting, by considering a relaxed model where edge capacities are drawn from a random permutation (which still leaves the problem of maximizing the expected number of revealed edges NP-hard), we are able to give a 1-1/e approximate algorithm. In the adaptive setting we work with the least permissive model where edge capacities are arbitrarily fixed but unknown. We compare with the best solution for the particular input instance (i.e. by enumerating all choices of k tuples), and provide both lower bounds on instance optimal approximation algorithms and upper bounds for trees and planar graphs.
Cite as

Vikrant Ashvinkumar, Rezaul Chowdhury, Jie Gao, Mayank Goswami, Joseph S. B. Mitchell, and Valentin Polishchuk. Vantage Point Selection Algorithms for Bottleneck Capacity Estimation. In 19th International Symposium on Algorithms and Data Structures (WADS 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 349, pp. 6:1-6:19, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{ashvinkumar_et_al:LIPIcs.WADS.2025.6,
  author =	{Ashvinkumar, Vikrant and Chowdhury, Rezaul and Gao, Jie and Goswami, Mayank and Mitchell, Joseph S. B. and Polishchuk, Valentin},
  title =	{{Vantage Point Selection Algorithms for Bottleneck Capacity Estimation}},
  booktitle =	{19th International Symposium on Algorithms and Data Structures (WADS 2025)},
  pages =	{6:1--6:19},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-398-0},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{349},
  editor =	{Morin, Pat and Oh, Eunjin},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.WADS.2025.6},
  URN =		{urn:nbn:de:0030-drops-242376},
  doi =		{10.4230/LIPIcs.WADS.2025.6},
  annote =	{Keywords: Bottleneck capacity, Approximation algorithms, Instance optimality}
}
Document
DOI: 10.4230/LIPIcs.ECOOP.2025.9
Event Race Detection for Node.js Using Delay Injections

Authors: Andre Takeshi Endo and Anders Møller

Published in: LIPIcs, Volume 333, 39th European Conference on Object-Oriented Programming (ECOOP 2025)

Abstract
Node.js is a widely used platform for building JavaScript server-side web applications, desktop applications, and software engineering tools. Its asynchronous execution model is essential for performance, but also gives rise to event races, which cause many subtle bugs that can be hard to detect and reproduce. Current solutions to expose such races are based on modifications of the source code of the Node.js system or on guided executions using complex happens-before modeling. This paper presents a simpler and more effective approach called NACD that works by dynamically instrumenting core asynchronous operations in the Node.js runtime system to inject delays and thereby reveal event race bugs. It consists of a small, robust runtime instrumentation module implemented in JavaScript that is configured by a flexible JSON model of the essential parts of the Node.js API. Experimental results show that NACD can reproduce event race bugs with higher probability and fewer runs than state-of-the-art tools.
Cite as

Andre Takeshi Endo and Anders Møller. Event Race Detection for Node.js Using Delay Injections. In 39th European Conference on Object-Oriented Programming (ECOOP 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 333, pp. 9:1-9:28, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{endo_et_al:LIPIcs.ECOOP.2025.9,
  author =	{Endo, Andre Takeshi and M{\o}ller, Anders},
  title =	{{Event Race Detection for Node.js  Using Delay Injections}},
  booktitle =	{39th European Conference on Object-Oriented Programming (ECOOP 2025)},
  pages =	{9:1--9:28},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-373-7},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{333},
  editor =	{Aldrich, Jonathan and Silva, Alexandra},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.ECOOP.2025.9},
  URN =		{urn:nbn:de:0030-drops-233026},
  doi =		{10.4230/LIPIcs.ECOOP.2025.9},
  annote =	{Keywords: JavaScript, race conditions, flaky tests, event races, callback interleaving}
}
Document
DOI: 10.4230/LIPIcs.ECOOP.2025.18
Practical Type-Based Taint Checking and Inference

Authors: Nima Karimipour, Kanak Das, Manu Sridharan, and Behnaz Hassanshahi

Published in: LIPIcs, Volume 333, 39th European Conference on Object-Oriented Programming (ECOOP 2025)

Abstract
Many important security properties can be formulated in terms of flows of tainted data, and improved taint analysis tools to prevent such flows are of critical need. Most existing taint analyses use whole-program static analysis, leading to scalability challenges. Type-based checking is a promising alternative, as it enables modular and incremental checking for fast performance. However, type-based approaches have not been widely adopted in practice, due to challenges with false positives and annotating existing codebases. In this paper, we present a new approach to type-based checking of taint properties that addresses these challenges, based on two key techniques. First, we present a new type-based tainting checker with significantly reduced false positives, via more practical handling of third-party libraries and other language constructs. Second, we present a novel technique to automatically infer tainting type qualifiers for existing code. Our technique supports inference of generic type argument annotations, crucial for tainting properties. We implemented our techniques in a tool TaintTyper and evaluated it on real-world benchmarks. TaintTyper exceeds the recall of a state-of-the-art whole-program taint analyzer, with comparable precision, and 2.93X-22.9X faster checking time. Further, TaintTyper infers annotations comparable to those written by hand, suitable for insertion into source code. TaintTyper is a promising new approach to efficient and practical taint checking.
Cite as

Nima Karimipour, Kanak Das, Manu Sridharan, and Behnaz Hassanshahi. Practical Type-Based Taint Checking and Inference. In 39th European Conference on Object-Oriented Programming (ECOOP 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 333, pp. 18:1-18:25, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{karimipour_et_al:LIPIcs.ECOOP.2025.18,
  author =	{Karimipour, Nima and Das, Kanak and Sridharan, Manu and Hassanshahi, Behnaz},
  title =	{{Practical Type-Based Taint Checking and Inference}},
  booktitle =	{39th European Conference on Object-Oriented Programming (ECOOP 2025)},
  pages =	{18:1--18:25},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-373-7},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{333},
  editor =	{Aldrich, Jonathan and Silva, Alexandra},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.ECOOP.2025.18},
  URN =		{urn:nbn:de:0030-drops-233119},
  doi =		{10.4230/LIPIcs.ECOOP.2025.18},
  annote =	{Keywords: Static analysis, Taint Analysis, Pluggable type systems, Security, Inference}
}
Document
DOI: 10.4230/LIPIcs.FORC.2025.8
Differential Privacy Under Multiple Selections

Authors: Ashish Goel, Zhihao Jiang, Aleksandra Korolova, Kamesh Munagala, and Sahasrajit Sarmasarkar

Published in: LIPIcs, Volume 329, 6th Symposium on Foundations of Responsible Computing (FORC 2025)

Abstract
We consider the setting where a user with sensitive features wishes to obtain a recommendation from a server in a differentially private fashion. We propose a "multi-selection" architecture where the server can send back multiple recommendations and the user chooses one from these that matches best with their private features. When the user feature is one-dimensional - on an infinite line - and the accuracy measure is defined w.r.t some increasing function 𝔥(.) of the distance on the line, we precisely characterize the optimal mechanism that satisfies differential privacy. The specification of the optimal mechanism includes both the distribution of the noise that the user adds to its private value, and the algorithm used by the server to determine the set of results to send back as a response. We show that Laplace is an optimal noise distribution in this setting. Furthermore, we show that this optimal mechanism results in an error that is inversely proportional to the number of results returned when the function 𝔥(.) is the identity function.
Cite as

Ashish Goel, Zhihao Jiang, Aleksandra Korolova, Kamesh Munagala, and Sahasrajit Sarmasarkar. Differential Privacy Under Multiple Selections. In 6th Symposium on Foundations of Responsible Computing (FORC 2025). Leibniz International Proceedings in Informatics (LIPIcs), Volume 329, pp. 8:1-8:25, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2025)

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@InProceedings{goel_et_al:LIPIcs.FORC.2025.8,
  author =	{Goel, Ashish and Jiang, Zhihao and Korolova, Aleksandra and Munagala, Kamesh and Sarmasarkar, Sahasrajit},
  title =	{{Differential Privacy Under Multiple Selections}},
  booktitle =	{6th Symposium on Foundations of Responsible Computing (FORC 2025)},
  pages =	{8:1--8:25},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-367-6},
  ISSN =	{1868-8969},
  year =	{2025},
  volume =	{329},
  editor =	{Bun, Mark},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.FORC.2025.8},
  URN =		{urn:nbn:de:0030-drops-231353},
  doi =		{10.4230/LIPIcs.FORC.2025.8},
  annote =	{Keywords: Differential Privacy, Mechanism Design and Multi-Selection}
}
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