The paper argues multidimensional fee pricing beats one-dimensional pricing in stable states but is slower and harder in transitions; the welfare proof and the convergence proof both have invalid steps.
In: 5th Conference on Advances in Financial Technologies (AFT 2023)
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One-dimensional vs. Multi-dimensional Pricing in Blockchain Protocols
The paper argues multidimensional fee pricing beats one-dimensional pricing in stable states but is slower and harder in transitions; the welfare proof and the convergence proof both have invalid steps.