Taiyi Use Cases
Last updated
Last updated
Self-sequenced Apps
Self-sequenced applications, such as DEXes and intent-based transactions, require strong certainty of inclusion for their transaction bundles. Without deterministic inclusion, the profitability and user experience of these applications can be significantly impacted. Taiyi's preconfirmation product addresses this pain point by granting the right of inclusion to self-sequenced applications, ensuring their bundles are included in the desired blocks.
Cross-Domain MEV
MEV searchers can leverage Taiyi to secure blockspace in advance, enabling cross-domain MEV opportunities. By guaranteeing blockspace in certain blocks, Taiyi enhances the value of these opportunities, creating a non-zero-sum payoff for both buyers and sellers.
Rollups
Rollups, which sell L2 blockspace to their users before knowing the marginal L1 gas costs, can greatly benefit from Taiyi. They are exposed to short-term gas price fluctuations on L1, making them sellers of blobspace derivatives. Well-designed blobspace derivatives provided by Taiyi can mitigate this risk, offering a significant market for rollups. During a talk at ETHconomics,
Bridges
Taiyi's preconfirmation can significantly improve the user experience for cross-chain bridges by providing deterministic gas costs and eliminating the need for overpayment and refunds. By leveraging Taiyi, bridges can secure the required blockspace on the destination chain in advance, ensuring that the bridged assets or messages are included in the desired block with a fixed gas cost.
Wallets, Account Abstraction Bundlers, and Paymasters
Wallets that provide gas price estimates can use Taiyi's L1 preconfirmation to offer deterministic transaction costs to their users with millisecond confirmation times. This creates a competitive advantage by providing a fixed transaction cost service, enhancing user experience. Account abstraction bundlers that batch UserOperations and periodically post batches to L1 are natural L1 blockspace buyers. Taiyi preconfirmations could help bundlers manage gas exposures.
Execution Condition: Users or dapps can leverage Taiyi to specify pre and post EVM execution states, enabling seamless composability within and among applications. This allows for smooth asset swaps, migrations, and complex multi-application transactions, while minimizing the risks associated with unexpected state changes caused by other transactions in the block.
Buying Relative Positioning of a Transaction: Taiyi enables users to purchase the relative positioning of their transactions within a block, similar to MEV-Share. For example, back-running: a transaction immediately after a target transaction and return the MEV generated.
