How It Works
HYBRID FORMAT
The fellowship begins remotely in the fall, with a kickoff call with your mentor. Throughout the year, we will host events around upcoming research conferences.
The fellowship begins remotely in the fall, with a kickoff call with your mentor. Throughout the year, we will host events around upcoming research conferences.
FELLOWSHIP KICKOFF
During the first month, you will have a kick off call with your mentor, where you will set the frequency of your meetings and how you will use your time. By the end of this month you should have a clear plan to work towards for the duration of your Fellowship.
During the first month, you will have a kick off call with your mentor, where you will set the frequency of your meetings and how you will use your time. By the end of this month you should have a clear plan to work towards for the duration of your Fellowship.
DELIVERABLES
Deliverables at the end of the program: Either a paper or open github repo if work is ongoing, a talk at the Inaugural TLDR Conference in May 2024, a blog post that explains your work.
Deliverables at the end of the program: Either a paper or open github repo if work is ongoing, a talk at the Inaugural TLDR Conference in May 2024, a blog post that explains your work.
Fellowship Benefits
Salary
You’ll receive a $10,000-$50,000 stipend for the duration of your fellowship, giving you time to focus on your DeFi research.
Support
You will have access to a dedicated mentor who has domain expertise in the topic you’re writing on.
Network
You’ll have the opportunity to meet the cohort of fellows and council at events. In addition, you will present your research at the TLDR Conference in 2024.
Meet The Mentors
Selected for their expertise and contributions in the field, our three mentors are at the forefront of driving innovation alongside our TLDR fellows.
“Censorship Resistance in On-Chain Auctions”
Market Microstructure for MEV, Blockchain Mechanism Design
“An Efficient Algorithm for Optimal Routing Through Constant Function Market Makers”
CFMMs, MEV, Censorship Resistance
"Time is Money: Strategic Timing Games in Proof-of-Stake Protocols"
MEV supply network, Censorship Resistance, Protocol Mechanism Design, CL and EL data
Meet the Research Council
"Building Scalable Decentralized Payment Systems"
blockchain protocol design, incentive structures, resource pricing
“Improved Price Oracles: Constant Function Market Makers” and "Concave pro-rata games"
OPTIMIZATION, CFMMS, PROBABILITY
“Improved price oracles: Constant function market makers" and "Towards a theory of maximal extractable value i: Constant function market makers”
CONVEX OPTIMIZATION, CFMMS, MEV, AUCTIONS, SPIN GLASSES
“Dynamic Pricing for Non-fungible Resources: Designing Multidimensional Blockchain Fee Markets”
OPTIMIZATION, CONVEX ANALYSIS, MEV, CFMMS
“Credible Decentralized Exchange Design via Verifiable Sequencing Rules”
AI, ALGORITHMIC ECONOMICS AND SECURITY
"Transaction Fee Mechanism Design in a Post-MEV World"
MEV, Auction Design, Fee Mechanisms, Algorithmic Game Theory
“RedShift: Transparent SNARKs from List Polynomial Commitments”
ZERO-KNOWLEDGE PROOF DESIGN AND DEVELOPMENT, CONSENSUS PROTOCOLS AND ZKP MECHANISM DESIGN
"Routing MEV in Constant Function Market Makers" and "An Analysis of Intent Based Markets"
Mechanism design, game theory, optimization
"Censorship Resistance in On-Chain Auctions" (with Elijah Fox and Max Resnick)
Market Microstructure for MEV, Blockchain Mechanism Design
"Leaderless Auctions"
MEV Auctions, L2 Sequencers, Power Perpetuals
“Measuring the impact of hidden DEX costs”
MEV, DEX, DATA RESEARCH
"Building Scalable Decentralized Payment Systems"
blockchain protocol design, incentive structures, resource pricing
“Forsage: Anatomy of a Smart-Contract Pyramid Scheme”
Governance, DAOs, voting schemes, decentralized identity, all things MEV, and empirical studies and attacks for any of the above
“Improved Price Oracles: Constant Function Market Makers” and "Concave pro-rata games"
OPTIMIZATION, CFMMS, PROBABILITY
“Improved price oracles: Constant function market makers" and "Towards a theory of maximal extractable value i: Constant function market makers”
CONVEX OPTIMIZATION, CFMMS, MEV, AUCTIONS, SPIN GLASSES
“Dynamic Pricing for Non-fungible Resources: Designing Multidimensional Blockchain Fee Markets”
OPTIMIZATION, CONVEX ANALYSIS, MEV, CFMMS
“Credible Decentralized Exchange Design via Verifiable Sequencing Rules”
AI, ALGORITHMIC ECONOMICS AND SECURITY
"Transaction Fee Mechanism Design in a Post-MEV World"
MEV, Auction Design, Fee Mechanisms, Algorithmic Game Theory
“RedShift: Transparent SNARKs from List Polynomial Commitments”
ZERO-KNOWLEDGE PROOF DESIGN AND DEVELOPMENT, CONSENSUS PROTOCOLS AND ZKP MECHANISM DESIGN
“While Stability Lasts: A Stochastic Model of Non-Custodial Stablecoins”
Design and analysis of DeFi mechanisms (including stablecoins, AMMs, oracles, governance systems), modeling economic security, modeling risk and contagion in DeFi protocols
"Routing MEV in Constant Function Market Makers" and "An Analysis of Intent Based Markets"
Mechanism design, game theory, optimization
“A Myersonian Framework for Optimal Liquidity Provision in Automated Market Makers”
decentralized mechanism design, game dynamics, auction design, algorithmic game theory
"Censorship Resistance in On-Chain Auctions" (with Elijah Fox and Max Resnick)
MEV Auctions, new defi implementations
"Leaderless Auctions"
MEV Auctions, L2 Sequencers, Power Perpetuals
MEV + Oracle research implemented as hooks on Uniswap v4, Flashloan/sandwich auctions, Routers, Incentive Design
“Measuring the impact of hidden DEX costs”
MEV, DEX, DATA RESEARCH
Request For Proposals
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse.Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Past Fellows
After reviewing 107 applicants, 10 outstanding researchers were selected for the first round of TLDR fellowships.


