Jun

Jun@junbug_sol · 16 天前观点输出

RT @hotlneblng_: BULK on mobile is so cleannnnn 💎 https://t.co/5czWmS0omu

060121

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Jun@junbug_sol · 19 天前赛道影响

RT @kdotcrypto: Portfolio margining is only true if your margin considers the portfolio. Sounds obvious but there’s a lot of false claims f…

04037

AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。

Jun@junbug_sol · 20 天前观点输出

RT @bulktrade: Have you been AURAmaxxin, anon??? The devs will be pressing the [ON] button soon… Here’s everything you need to know about…

038033

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Jun@junbug_sol · 22 天前政策影响

On a proof-of-stake network, rewards are a bundle of incentives for three things: capital, consensus participation and block production Ethereum issues ETH to validators for consensus work for attestations, block proposals and sync-committee duties. The proposer also earns from priority tips and mev flow. On Solana, epoch staking rewards depend on delegated stake and vote credits. The block-producing leader receives half of the base transaction fee, all of the priority fee and may also earn mev These systems are answering three basic questions: i) Decentralisation through stake ii) Who participated correctly in consensus? iii) Who produced the block? All of these are important. But for a trading network, there is another economically useful role that sits outside the protocol’s accounting: Who actually brought the fee-paying order into the network? The validator reward design we are preparing for BULK mainnet adds this as a separate contribution. 50% of validator rewards are assigned to txn orgination - it rewards the validators who introduce economically productive order flow to the rest of the network Economically productive does not mean transaction count or packets sent. It focuses on where and when a transaction actually executed and paid a positive fee An invalid transaction contributes zero, as well as orders that enter the book but never fills. A fill where the fee is fully consumed by a funded maker rebate contributes zero. The accounting unit is the actual integer fee atoms posted by execution. It is not an estimate of the transaction’s value reconstructed later from notional, order size or message volume. This choice controls network spam! Simply put, origination credit is assigned after deterministic execution and fee settlement, meaningless activity has no reward surface. A message only becomes relevant to origination once it produces a real fill that actually pays a fee in the network. Spam can still consume bandwidth, so the network has rate limits, canonical transaction identities, deduplication, self-trade prevention and normal account and risk checks. The point is that the reward function itself does not turn spam into a positive-return strategy. Even manufactured fee-paying fills are not a free loop. Attribution is also not based on a validator reporting its originated transaction. There is no single globally true first-arrival timestamp on a wide-area network. A validator in Singapore may first receive a transaction from one peer while a validator in Frankfurt receives the same transaction from another Each validator therefore records which peer first delivered the canonical transaction to it At the end of the epoch, validators commit signed attribution reports through consensus. Once those reports are committed, every executor derives the same origination payout from the same inputs. Self-attribution is excluded. A validator’s origination weight is calculated from what other validators report first receiving from it Duplicate delivery cannot create duplicate economic value because the canonical transaction can only produce its committed execution result once. This gives us deterministic settlement over non-deterministic network observations. Consensus makes every validator calculate the same reward function. Peer witnessing prevents a node from directly awarding itself It does not eliminate collusion, which remains part of the bft security model, but it limits the influence of any one report and makes the resulting payout auditable The economical effect is huge.. A validator earns more not by producing spam, but by operating better ingress: low-latency regional gateways, reliable api infrastructure, direct application integrations, strong peering and consistent delivery of orders that actually execute and pay fees. Transaction distribution therefore becomes a protocol-accounted contribution rather than only a private agreement or an off-protocol payment-for-order-flow deal The network should gradually direct economics toward nodes that make the system work better. But the signal cannot be a node self-reporting that it is fast, important or well connected. Byzantine nodes can lie about their own performance, and raw activity is trivial to manufacture. The signal has to be peer-observed, backed by actual execution and settled through consensus. Origination tells us who brought the network something worth executing Read more: https://t.co/rNKSt70YKi

138532.4K

AI：偏政策推进，强调合规落地与规则明晰，对监管主线更敏感。

Jun@junbug_sol · 22 天前观点输出

RT @glowburger: mentally, im here https://t.co/aX3XWRpKbY

0140111

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Jun@junbug_sol · 23 天前观点输出

RT @kdotcrypto: CME-SPAN is the global industry standard for calculating margin requirements on futures The computationally near-impossibl…

014053

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Jun@junbug_sol · 23 天前观点输出

RT @bulktrade: AUDIT COMPLETE ☑️ The BULK Program has been audited by @zellic_io and is ready for launch… Wen? https://t.co/vljrXGTBFm

051030

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Jun@junbug_sol · 23 天前观点输出

@blknoiz06 Congrats! When z500 on BIP1👀

005259

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Jun@junbug_sol · 25 天前观点输出

RT @kdotcrypto: One Exchange. Infinite Markets. The Slogan begins to make sense when it’s clear on how you can integrate If you can price…

08057

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。

Jun@junbug_sol · 25 天前观点输出

RT @bulktrade: NO AURA? 👀 It won't be this easy to stack AURA for much longer... Open the door: https://t.co/7T7Pft2RqV https://t.co/rQ…

020038

AI：延续个人公开立场，强调长期主义、执行效率与行业方向判断。