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Quantifying the Value of Revert Protection

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arxiv 2410.19106 v2 pith:JE7BWGHF submitted 2024-10-24 cs.GT

Brian Z. Zhu , Xin Wan , Ciamac C. Moallemi , Dan Robinson , Brad Bachu This is my paper
classification cs.GT
keywords protectionrevertauctionsefficiencymodelpriorityvalueapplies
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Revert protection is a feature provided by some blockchain platforms that prevents users from incurring fees for failed transactions. We study the economic implications and benefits of revert protection in the context of priority gas auctions and maximal extractable value. We develop a model in which searchers bid for a top-of-block arbitrage opportunity under varying degrees of revert protection. This model applies to a broad range of settings, including bundle auctions on L1s and priority ordering sequencing rules on L2s. We quantify, in closed form, how revert protection improves equilibrium auction revenue, market efficiency, and blockspace efficiency.

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Cited by 1 Pith paper

Reviewed papers in the Pith corpus that reference this work. Sorted by Pith novelty score. Full citation record

  1. Blockspace Under Pressure: An Analysis of Spam MEV on High-Throughput Blockchains

    cs.GT 2026-03 conditional novelty 6.0 of 10

    Equilibrium spam-MEV volume on high-throughput chains is derived in closed form as a function of block capacity, minimum gas price, and fee ordering, and is tested on Base and Arbitrum data.

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