{"signature": "0x941ae7e25f982b6fde32fa01a5ffe84c1e5891270af4258503798b3a1cf1c7f609b49f1b96be1740e4778bb08b218216fb0bd903077baf46f669db9327695d6c1c", "application": {"round": "0x09b14fe9786afdfcbb8ad8512715e5ecb6443db4", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "tIuHSunZZgEYbch0ictiuouGOWP9rC84zHVsXlo57oAty/KOz2zaKxgWxsebc/7D", "encryptedSymmetricKey": "721602eece189beaffe8f5816a693472f30bb2bb8551453e86ea7688588e76d1ca75c6ad14b5595d92e3f10345be5015c7dd1936ac57c90b7598ad543e92217573250dfefed5d0fd5c34d9ec5cf029d5d86065cc237b78b2510742ba548cfb9957ab594d608c9fba9a0e5c61319801c069f1c108d742eebd04b7d7a3865943600000000000000020851ef79eb9382f98f827f100f9f7eadc6e9426716d425c70c779e0e126fa1770c7fbd6ae64d485cc00b9a493c2f73188"}}, {"type": "short-answer", "answer": "Basically grants only. Funds that are not enough are supplemented by cutting off actual expenses.", "hidden": false, "question": "Funding Sources", "questionId": 1}, {"type": "paragraph", "answer": "All member are Japanese and live in tokyo.\n\n- vita\n\t- https://twitter.com/keccak255\n\t- After working as a researcher for a staking provider in Singapore and a VC in Dubai, he started his own R&D organization called Titania Research. His ongoing research and development on PBS was selected for a grant from the Ethereum Foundation, where he is one of the main reearchers. His main research interests are PBS and PoS in Ethereum.\n\n- Alphaist\n\t- https://x.com/0xAlphaist\n\t- Ota is a member of Titania Research, a research institute specializing in MEV. Currently, he is researching the impact of LVR reduction in decentralized exchanges and the spread of Payment for Orderflow on DEX execution quality. He also adopted for Uniswap incubator.\n\n- Banri\n\t- https://x.com/banr1_\n\t- He am a software engineer and mathematician primarily responsible for development at Titania Research. After graduate school(majored in mathematics), He built my career as an AI engineer at DeNA and an AI startup. However, He was captivated by the potential of blockchain and entered the crypto industry at the end of 2021. At a blockchain startup, He served as a tech lead handling a wide range of areas from smart contracts to backend and frontend development. In this role, he planned and developed many new products. He adopted for Uniswap incubator.\n\n- Tei\n\t- https://x.com/82y31\n\t- Developer, mechanism designer. He have a background in economics and specialize in mechanism design and incentive mechanisms in blockchain. Currently, He have a strong interest in PBS and he is dedicated to exploring methods to mitigate MEV at the protocol level. He is also got grant from ethereum foundation to research mev.\n\n- Tomoki Adachi\n\t- https://x.com/adachi_tomoki3\n\t- After graduating from college in 2022, developed Cross-chain products in several hackathons and won the Prize. Since about August 2022 until now, he has been developing Futaba, an infrastructure for Cross-chain data access.", "hidden": false, "question": "Please provide a list of your major team members, including their relevant experiences and social network/professional links. Please indicate if there any Asian builders.", "questionId": 2}, {"type": "short-answer", "answer": "keccak255", "hidden": true, "question": "Telegram handle of major point of contact", "questionId": 3}, {"type": "paragraph", "answer": "We will apply the funds to the costs associated with research and development around open source. We are a community and do not fundraise, so we work off actual expenses. Since the area of cryptoeconomics is an unexplored field, contributions such as definitions, frameworks, and analysis of new mechanisms can be helpful. There are two types of research\n\n- Basic research: exploring mechanism design, proving the basic properties of new mechanisms and their limitations, defining basic concepts, and clarifying their relevance.\n\n- Applied Research / R&D: focuses on practical problem solving. We develop new mechanisms, analyze and improve existing mechanisms, design implementations, and verify robustness through simulation.\n\nOur policy is to focus on applied research and to collaborate with Academics on fundamental research; R&D should be problem-setting based on the challenges Ethereum faces and provide timely solutions.\n\nDue to Ethereum's open research environment and permissionless nature, we will be structured to enable an unprecedented level of collaboration among people from different backgrounds, including fundamental researchers, applied researchers, developers, and the community. This approach will capture problem solving from both theoretical and empirical perspectives.\n\nOur current efforts can be viewed at any time on our web page.", "hidden": true, "question": "Please demonstrate your financial plan here if it's not included in your project description.", "questionId": 4}, {"type": "paragraph", "answer": "We have been working on open source and creating PoCs. We will continue our research and development to minimize the MEV problem of Ethereum.We have been selected for Grant and incubation programs, but we are short on labor costs for data analysis and development, which are not covered by the grant. As a rule, we open source all of our output.\n\nWe also contribute to the development of the Asian ecosystem by holding events such as MEVTOKYO. Thus, by taking initiatives in Asia and working with researchers and developers from various backgrounds to solve MEVs based on open values, we will further advance the public ecosystem in Asia by transforming Ethereum into a more secure one.\n", "hidden": true, "question": "Please demonstrate how your project would advance Asian public goods ecosystem.", "questionId": 5}], "project": {"id": "0xab45c013327ab1656e53aeed6f53e6c2d1cbe4af363ca33b1e18b9eb791801df", "title": "Titania Research", "logoImg": "bafkreieiplsy2k2oxsm3g2qdocnjqqqgtu3lu3jywrabppedb6ivbiqama", "metaPtr": {"pointer": "bafkreidvauqz2cgl6b5nj3hgfu33g3ta6dqroehjslaqi74q6kgvyzelcy", "protocol": "undefined"}, "website": "https://titaniaresear.ch", "bannerImg": "bafkreidmkaj35erlzykuu6ivsfvm2upxv4uywh7t73ffuwzhzdgfl6txka", "createdAt": 1723112368325, "userGithub": "keccak254", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..zG9cVcbodyeZVIlaQ_sf-3N3EqRp1HQ8sFpwAhPvben9wso9Z3K4DiJaue-K1VsKekZTmaAK2IAlEK6mKkwxBg", "type": "Ed25519Signature2018", "created": "2024-08-14T17:24:49.398Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-08-14T17:24:49.398Z", "expirationDate": "2024-11-12T17:24:49.398Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xa9BFf1967E1F76373F67C48F42f1178520bb38C6", "hash": "v0.0.0:yXvpftGd20JUoZSWM1wXBhVsRwKXhyktA1HiA39qIKA=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#keccak255"}}}, "description": "Titania Research is a research and development organization established to solve the problem of MEV, known as the dark forest. Named after the fairy queen Titania, who possesses the ability to resolve the dark forest, we contribute to the issue of fairness in Ethereum by researching and developing solutions from both protocol and application.\n\n## 1. About Us\n\nTitania Research is a research organization that works on research and development on the problems of MEV in Ethereum. We aims to create solutions and contribute to Ethereum, rather than focusing solely on research. \n\nThis includes research and development in software, supply chain and security, primarily based on findings in mechanism design, computer science and cryptography.\n\n## 2. Mission, Vision and Values\n\n- Mission “Contribute to Ethereum”: The goal is to contribute to Ethereum from the aspect of MEV by researching and developing solution to problem such as centralization and censorship. Promoting problem-solving to expand Ethereum as a free space for humanity.\n\n- Vision \"From competition to contribution”:  From the conventional idea of competing and winning, we will focus on the idea of contributing to and distributing the ecosystem and creating a new competitive environment and seek to solve problems.\n\n- Value \"Open Source”: We inherit ethereum's open, permissionless, and free culture, by openly discussing and developing issues, we aim to achieve our mission, our activity is publicly available, allowing anyone to find areas where they can contribute.\n\n## 3. Motivation\n\nConsensus protocols are usually evaluated based on their ability to maintain liveness and safety. Liveness means that new transactions are added to the output ledger in a timely manner, and safety means that confirmed transactions remain in their positions in the ledger.\n\nHowever, to maintain decentralization, economic fairness among consensus participants is also required. The emergence of Maximal Extractable Value (MEV) hinders this goal of fairness. The negative impact of MEV on fairness affects not only consensus but also applications. Therefore, we propose a complementary approach by analyzing and addressing MEV from both protocol and application perspectives.\n\n## 4.  Our Work\n\n- Mechanism design and analysis: design and analyze economies on protocols / applications.\n\n- Software design, implementation and operation: develop software on distributed computers that includes mechanism design, cryptography, distributed validator technology.\n\n- Collaborative research / development: Partner with academic institutions, industry leaders, and other research organizations to advance the field of MEV mitigation and blockchain fairness.\n", "lastUpdated": 0, "projectGithub": "titania-research-labs", "projectTwitter": "keccak255"}, "recipient": "0xa9BFf1967E1F76373F67C48F42f1178520bb38C6"}}