Intern Breakdown #2: MEV

Like the time when Braintrust’s token launched on Coinbase and traded up to above $40, and armies of bots “watched” the short videos in the Braintrust Academy library in order to pick up the BTRST tokens Braintrust offered to incentivize people to learn more about the network. When incentives are baked into everything and backed with a token, you n... See more

From miner rewards, to transaction fee-setting mechanisms, to token curated registries, to prediction markets, incentives are everywhere in blockchain platforms.

 Part 1 - Introduction Mechanism Design - Programming human behavior through carefully designed incentives. Humans are goal-oriented machines that react to incentives. Incentives are produced by economic games that can be crafted and engineered. So we humans do something to reach a goal, and one of the most unifying goals is money. So we desi

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